Sabine Royalty Trust holds royalty and mineral interests in various oil and gas properties in the United States. It receives a distribution from Sabine Corporation royalty and mineral interests, including landowner's royalties, overriding royalty interests, minerals, production payments, and any other similar non-participatory interest in certain producing and proved undeveloped oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas. The company was founded in 1982 and is based in Dallas, Texas.