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BURLINGTON RESOURCES COAL SEAM GAS ROYALTY TRUST ANNOUNCES QUARTERLY CASH DISTRIBUTION AND ESTIMATED TAX CREDIT

 HOUSTON, Aug. 19 /PRNewswire/ -- NationsBank of Texas, N.A., Trustee of the Burlington Resources Coal Seam Gas Royalty Trust, announced today a quarterly cash distribution to the holders of units of beneficial interest of the Trust of $0.294140 per unit, payable Sept. 13, 1993, to unitholders of record on Sept. 1, 1993. This cash distribution amount is based on the Trust's share of net profits attributable to production for the period from May 1 to June 30, 1993.
 Unitholders of record on Sept. 1, 1993 will also be entitled to tax credits under Section 29 of the Internal Revenue Code for the coal seam gas produced and sold during the period from closing of the public offering of the units on June 17 through June 30, 1993. Based on the 1992 tax credit factor, the Trustee estimates the amount of the tax credit for this period to be $0.0546 per unit.
 The Trust owns net profits interests in certain proved coal seam gas properties owned by Meridian Oil Production Inc. (MOPI) located in the San Juan Basin of Northwestern New Mexico. The Trust is a grantor trust formed by Burlington Resources Inc., parent company of MOPI, and is designed to provide unitholders with quarterly cash distributions and tax credits under Section 29 of the Internal Revenue Code from certain coal seam gas properties.
 The units of beneficial interest of the Trust are listed and traded on the New York Stock Exchange under the symbol "BRU".
 -0- 8/19/93
 /CONTACT: Timothy B. Dover, trust administrator, of NationsBank of Texas, N.A., Trustee, 713-247-7508/
 (BRU)


CO: Burlington Resources Coal Seam Gas Royalty Trust ST: Texas IN: OIL SU: DIV

MP -- NY079 -- 4516 08/19/93 17:09 EDT
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Publication:PR Newswire
Date:Aug 19, 1993
Words:289
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