San Juan Basin Royalty Trust Declares No Cash Distribution for September 2019
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 confirmed that it will not declare a monthly cash distribution to the holders of its Units of beneficial interest (the “Unit Holders”) due to excess production costs from prior periods. Excess production costs occur when production costs and capital expenditures exceed the gross proceeds for a certain period.For the production month of July 2019, the operator of the Trust’s subject interests, Hilcorp San Juan L.P. (“Hilcorp”), reported to the Trust profits of $535,455 gross ($401,591 net), which reduced, but did not eliminate, the previously reported excess production costs of $2,706,497 gross ($2,029,873 net) that have accumulated against the subject interests’ royalty distributions since the June 2019 distribution month. Hilcorp will charge the excess production costs to next month’s distribution.The Trust will utilize its cash reserves to pay the Trust’s
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News
- San Juan Basin Royalty Trust Declares No Cash Distribution for November 2024 and Announces Production Costs in Excess of ProceedsPR Newswire
- San Juan Basin Royalty Trust Declares No Cash Distribution for October 2024 and Announces Production Costs in Excess of ProceedsPR Newswire
- San Juan Basin Royalty Trust Declares No Cash Distribution for September 2024 and Announces Production Costs in Excess of Proceeds [Yahoo! Finance]Yahoo! Finance
- San Juan Basin Royalty Trust Declares No Cash Distribution for September 2024 and Announces Production Costs in Excess of ProceedsPR Newswire
SJT
Sec Filings
- 11/18/24 - Form 8-K
- 11/14/24 - Form 10-Q
- 10/21/24 - Form 8-K
- SJT's page on the SEC website