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Stock impact report

San Juan Basin Royalty Trust Announces Hilcorp’s Revised 2019 Capital Expenditures Plan

San Juan Basin Royalty Trust (SJT) 
US:NYSE Investor Relations: sjbrt.com
Company Research Source: Business Wire
FORT WORTH, Texas--(BUSINESS WIRE)-- Compass Bank, as Trustee of the San Juan Basin Royalty Trust (the “Trust”) (NYSE:SJT), today reported that Hilcorp San Juan L.P. (“Hilcorp”), has provided the Trust with an update to its previously reported 2019 Capital Expenditures Plan (the “Revised Plan”). Hilcorp’s original 2019 capital expenditures plan (the “Original Plan”), announced by the Trust on March 1, 2019, estimated Hilcorp's capital expenditures to be $2,653,000 for the Trust’s subject interests. Of this amount, the Original Plan allocated approximately $728,000 towards five well recompletions and an additional $1,925,000 towards one horizontal well to be drilled in the Mancos formation (Trieb Federal Com 601 #1H). The Revised Plan increases Hilcorp's estimated 2019 capital expenditures to approximately $12.6 million for the subject interests and therefore, may cause future distributions to be lower Show less Read more
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