SFF Santa FE Energy Tr

Santa Fe Energy Trust (NYSE:SFF) announced the Trust income distribution for the operating quarter ended December 31, 2007. Unitholders of record on February 15, 2008, will receive a distribution amounting to $4,311,544 or $0.68437 per unit payable February 29, 2008. As previously announced by the Trust, the Trustee has been informed by Devon Energy Corporation that Devon has overpaid the Trust during 2006 and prior years for its net profits royalties. Devon has estimated the amount of the overpayment to be $10.6 million. This distribution includes a recoupment of past overpayments by Devon of $1,532,702. Trust administrative expenses paid during the quarter were approximately $400,000. In addition, the Trustee has reserved approximately $500,000 from the upcoming distribution for Trust related expenses anticipated to be incurred in the first quarter of 2008. This distribution includes approximately $4.9 million attributable to the Wasson ODC unit, but does not include any other amounts payable on the Trust's net profits interests, as Devon has reduced the distribution, as described above. Price and Volume Statistics for the Quarter Were: � � � Volumes � � � Prices Oil � � � Gas Oil � � � Gas (BBLS) (MCF) ($/BBL) ($/MCF) Wasson ODC Unit 60,200 � 85.45 � � Net Profits Royalties 26,770 239,355 61.03 5.16 As previously announced, the Trust sold its assets on December 18, 2007, and the Trust will be liquidated on February 15, 2008. The Trustee intends to issue a press release with details regarding the final distribution in the near future. The foregoing information, other than the information regarding Trust administrative costs and the amount held in reserve for anticipated expenses, has been furnished to the Trustee by Devon or calculated by the Trustee based on information furnished by Devon.