Investors in Torch Energy Royalty Trust probably won't light an eternal flame in remembrance when the gas is all gone. The trust distributes to shareholders the royalties from natural gas properties and oil wells in which it owns stakes. The trust's gas fields are in Texas, Alabama, and Louisiana. As a grantor trust, Torch Energy does not pay federal income tax; instead, the shareholders who receive quarterly royalties are taxed directly, but receive tax credits on gas extracted from some of the trust's hard-to-drill properties. Torch Energy Royalty Trust's investors have voted to wind up and liquidate the trust.