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San Juan Basin Royalty Trust Announces Hilcorp’s Updates on 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)--BBVA USA, as Trustee of the San Juan Basin Royalty Trust (the “Trust”) (NYSE:SJT), today reported that Hilcorp San Juan L.P. (“Hilcorp”), the operator of the Trust's subject interests (the "Interests"), has provided the Trust with updates and comments to its previously reported 2019 Capital Expenditures Plan for the Interests, which Hilcorp previously revised in May 2019 (as revised in May 2019, the “Capital Plan”).Recently, the Trust and its compliance auditors met with senior representatives from Hilcorp to discuss the status of the Capital Plan. Based on that discussion and additional information provided by Hilcorp, the Trust is reporting the following update to the Capital Plan:2019 Capital Expenditures Plan(all amounts Net Pre-Trust Cost)(in millions)   2019 Original / PreviouslyReported* [Forecast] Through July 2019 (TrustSeptember 2019)[Actual] Revised 2019 [Forecast]         $12.6 $7.4 $8.0__________* As updated by Hilcorp and reported Show less Read more
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