San Juan Basin Royalty Trust Declares No Cash Distribution for December 2024 and Announces Production Costs in Excess of Proceeds
San Juan Basin Royalty Trust (SJT)
US:NYSE Investor Relations:
sjbrt.com
Company Research
Source: PR Newswire
DALLAS, Dec. 20, 2024 /PRNewswire/ -- Argent Trust Company, as the trustee (the "Trustee") of the San Juan Basin Royalty Trust (the "Trust") (NYSE: SJT), today reported 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 for the Trust's subject interests ("Subject Interests") during the production month of October 2024, as well as continued low natural gas pricing. Excess production costs occur when production costs and capital expenditures exceed the gross proceeds for a certain period. Excess production costs for this reporting period are due primarily to significant lease operating expenses and capital expenditures associated with Hilcorp San Juan L.P.'s ("Hilcorp") 2024 capital project plan.Hilcorp reported $3,674,540 of total revenue from the Subject Interests for the production month of October 2024, consisting of $3,602,210 of gas revenues and $72,330 of oil revenues. For the
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Sec Filings
- 12/20/24 - Form 8-K
- 11/18/24 - Form 8-K
- 11/14/24 - Form 10-Q
- SJT's page on the SEC website