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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 Form 10-Q
 þ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 For
the quarterly period ended June 30, 2005
 or
 o Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 For
the transition period from  to
 Commission
File Number: 1-11608
 WILLIAMS COAL SEAM GAS ROYALTY TRUST
  Delaware
    
    75-6437433(State or other jurisdiction
    
    (I.R.S. Employerof incorporation or
    
    Identification No.)organization)
 
 
 þ o
 þ o
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TABLE OF CONTENTS  PART I  FINANCIAL INFORMATIONItem 1. Financial StatementsItem 2. Trustees Discussion and Analysis of Financial Condition and Results of OperationsItem 3. Quantitative and Qualitative Disclosures About Market RiskItem 4. Controls and ProceduresPART II  OTHER INFORMATIONItems 1 through 5Item 6. ExhibitsSIGNATURESINDEX TO EXHIBITSLetterCertification Pursuant to Section 302Certification Pursuant to Section 906    Table of Contents  
 PART I  FINANCIAL INFORMATION
 
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WILLIAMS COAL SEAM GAS ROYALTY TRUST
 CONDENSED STATEMENTS OF ASSETS, LIABILITIES AND TRUST CORPUS (UNAUDITED)
 
 June 30,
    
    December 31,2005
    
    2004(Unaudited)ASSETSCurrent Assets  cash and cash equivalents
    
    $
    49,261
    
    
    $
    105,497Royalty interests in oil and gas properties
(less accumulated amortization
of $127,362,430 at
June 30, 2005 and
$126,354,339 at December 31,
2004) (Note 2)
    
    
    11,204,233
    
    
    
    12,212,324TOTAL ASSETS
    
    $
    11,253,494
    
    
    $
    12,317,821LIABILITIES AND TRUST CORPUSCurrent Liabilities:Other accounts payable
    
    $
    37,071
    
    
    $
    32,75137,071
    
    
    
    32,751Trust corpus
 9,700,000 units of
beneficial interest authorized
and outstanding (Note 2)
    
    
    11,216,423
    
    
    
    12,285,070TOTAL LIABILITIES
AND TRUST CORPUS
    
    $
    11,253,494
    
    
    $
    12,317,821
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WILLIAMS COAL SEAM GAS ROYALTY TRUST
 CONDENSED STATEMENTS OF DISTRIBUTABLE INCOME (UNAUDITED)
 
 THREE MONTHS
    
    THREE MONTHSENDED
    
    ENDEDJune 30, 2005
    
    June 30, 2004Royalty
income (Notes 2 and 7)
    
    $
    3,464,252
    
    
    $
    4,193,115Interest income
    
    
    6,297
    
    
    
    2,002Total
    
    
    3,470,549
    
    
    
    4,195,117General and administrative
expenses (Note 4)
    
    
    (193,782
    )
    
    
    (197,023
    )Distributable income
    
    $
    3,276,767
    
    
    $
    3,998,094Distributable income per unit
(9,700,000 units) (Note 2)
    
    $
    .34
    
    
    $
    .41
  
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WILLIAMS COAL SEAM GAS ROYALTY TRUST
 CONDENSED STATEMENTS OF DISTRIBUTABLE INCOME (UNAUDITED)
 
 SIX MONTHS
    
    SIX MONTHSENDED
    
    ENDEDJune 30, 2005
    
    June 30, 2004Royalty
income (Notes 2 and 7)
    
    $
    6,998,123
    
    
    $
    7,523,687Interest income
    
    
    11,645
    
    
    
    3,444Total
    
    
    7,009,768
    
    
    
    7,527,131General and administrative
expenses (Note 4)
    
    
    (590,559
    )
    
    
    (472,119
    )Distributable income
    
    $
    6,419,209
    
    
    $
    7,055,012Distributable income per unit
(9,700,000 units) (Note 2)
    
    $
    .66
    
    
    $
    .73
  
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WILLIAMS COAL SEAM GAS ROYALTY TRUST
 CONDENSED STATEMENTS OF CHANGES IN TRUST CORPUS (UNAUDITED)
 
 SIX MONTHS
    
    SIX MONTHSENDED
    
    ENDEDJune 30, 2005
    
    June 30, 2004Trust corpus, beginning of period
    
    $
    12,285,070
    
    
    $
    14,638,833Amortization of royalty interests (Note 2)
    
    
    (1,008,091
    )
    
    
    (1,170,285
    )Distributable income
    
    
    6,419,209
    
    
    
    7,055,012Distributions to Unitholders (Note 5)
    
    
    (6,479,765
    )
    
    
    (7,042,122
    )Trust corpus, end of period
    
    $
    11,216,423
    
    
    $
    13,481,438Distributions per unit
(9,700,000 units) (Note 5)
    
    $
    .67
    
    
    $
    .73
  
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WILLIAMS COAL SEAM GAS ROYALTY TRUST
 NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
 
 1. TRUST ORGANIZATION AND PROVISIONS
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2. BASIS OF ACCOUNTING
  
    
    Revenues are recognized in the period in which amounts are received by the
Trust. General and administrative expenses are recognized on an accrual basis.
    
    Amortization of the Royalty Interests is calculated on a unit-of-production
basis and charged directly to trust corpus.
    
    Distributions to Unitholders are recorded when declared by the Trustee (See
Note 5).
    
    Loss contingencies are recognized in the period in which amounts are paid by
the Trust.
  3. FEDERAL INCOME TAXES
   4. RELATED PARTY TRANSACTIONS
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5. DISTRIBUTIONS TO UNITHOLDERS
    6. SUBSEQUENT EVENTS
  QuarterlyRecord
    
    Payment
    
    DistributionDate
    
    Date
    
    per UnitAugust 15, 2005
    
    August 29, 2005
    
    $
    .357841
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7. CONTINGENCIES
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Three Months and Six Months Ended June 30, 2005 Compared to Three Months and Six Months Ended
June 30, 2004
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Three Months
    
    Three MonthsEnded
    
    EndedMarch 31, 2005
    
    March 31, 2004Production (MMBtu) (1)WI Properties
    
    
    3,681,594
    (2)
    
    
    4,249,809
    (4)Farmout Properties
    
    
    735,534
    (3)
    
    
    873,862
    (5)Blanco Hub Spot Price ($/MMBtu) (6)
    
    $
    5.44
    
    
    $
    4.84Net Wellhead Price WI Properties
($/MMBtu) (6)
    
    $
    2.45
    
    
    $
    2.42
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(1)
    
    Million British Thermal Units.(2)
    
    Includes favorable retroactive adjustments of 324,401 MMBtu.(3)
    
    Reflects estimated volumes for December 2004 through February 2005.(4)
    
    Includes favorable retroactive adjustments of 282,959 MMBtu.(5)
    
    Reflects estimated volumes for December 2003 through February 2004.(6)
    
    Weighted average of estimates for the months included in the period presented.    16




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Forward-Looking Statements
  
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PART II  OTHER INFORMATION
 
   
   EXHIBITNUMBER
    
    EXHIBIT15.1 
    
    Letter regarding unaudited interim financial
information dated August 5, 2005, from the independent
Registered Public Accounting Firm which acknowledges
awareness of the use in registration statement of a
report on unaudited interim financial information.31.1 
    
    Certification by Ron E. Hooper, Senior Vice President
and Administrator of Bank of America, Trustee of
Williams Coal Seam Gas Royalty Trust, dated August 9,
2005, and submitted pursuant to Rule
13a-14(a)/15d-14(a) and pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002.32.1 
    
    Certificate by Bank of America, Trustee of Williams
Coal Seam Gas Royalty Trust, dated August 9, 2005, and
submitted pursuant to Section 906 of the Sarbanes-Oxley
Act of 2002 (18 U.S.C. Section 1350).
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SIGNATURES
  WILLIAMS COAL SEAM GAS ROYALTY TRUSTBy: BANK OF AMERICA, N.A., Trustee
 By:
    
    /s/ RON E. HOOPERRon E. HooperSenior Vice President and Administrator
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INDEX TO EXHIBITS
 EXHIBIT NUMBER
    
    EXHIBIT15.1 
    
    Letter regarding unaudited interim financial
information dated August 5, 2005, from the independent
Registered Public Accounting Firm which acknowledges
awareness of the use in registration statement of a
report on unaudited interim financial information.31.1 
    
    Certification by Ron E. Hooper, Senior Vice President
and Administrator of Bank of America, Trustee of
Williams Coal Seam Gas Royalty Trust, dated August 9,
2005, and submitted pursuant to Rule
13a-14(a)/15d-14(a) and pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002.32.1 
    
    Certificate by Bank of America, Trustee of Williams
Coal Seam Gas Royalty Trust, dated August 9, 2005, and
submitted pursuant to Section 906 of the Sarbanes-Oxley
Act of 2002 (18 U.S.C. Section 1350).
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