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FREEPORT-MCMORAN OIL AND GAS ROYALTY TRUST ANNOUNCES DISTRIBUTION

 HOUSTON, Jan. 19 /PRNewswire/ -- Freeport-McMoRan Oil and Gas Royalty Trust (NYSE: FMR) announced today that the January distribution amount, to which Unit holders of record on Jan. 29, 1993 will be entitled, will be $2,791,906 or approximately $.18643 per Unit.
 As previously announced, the Trust received a payment of $3.1 million representing the first of two remaining scheduled payments as part of a settlement reached in January 1992 with a purchaser of natural gas produced from the Trust's properties. As a result, the January distribution includes approximately $2.3 million (approximately $.15 per Unit) net to the Trust. This January distribution, which includes the impact of revised increased estimates of future costs to abandon the Trust's properties upon their depletion as previously announced, will be paid to Unit holders on April 12, 1993, the regular quarterly payment date.
 This monthly distribution is not necessarily indicative of future monthly distribution amounts, which will depend on future costs incurred and revenues received.
 -0- 1/19/93
 /CONTACT: Roark Ashie, First City, Texas-Houston, N.A., as Trustee, 713-658-7639/
 (FMR)


CO: Freeport-McMoRan Oil and Gas Royalty Trust ST: Texas IN: OIL SU: DIV

WB -- NY070 -- 6416 01/19/93 13:48 EST
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Publication:PR Newswire
Date:Jan 19, 1993
Words:201
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