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Stockreport

San Juan Basin Royalty Trust Declares July Cash Distribution

SAN JUAN BASIN ROYALTY (SJT)  More Company Research Source: Business Wire
US:NYSE Investor Relations: sjbrt.com
PDF FORT WORTH, Texas--(BUSINESS WIRE)-- Compass Bank, as Trustee of the San Juan Basin Royalty Trust (NYSE:SJT), today declared a monthly cash distribution to the holders of its units of beneficial interest of $2,833,692.50 or $0.060797 per unit, based principally upon production during the month of May 2017. The distribution is payable August 14, 2017, to unit holders of record as of July 31, 2017. Gas production for the properties from which the royalty was carved (the “Subject Interests”) totaled approximately 2,204,668 Mcf (2,468,309 MMBtu) for May 2017. Dividing revenues by production volume yielded an average gas price for May 2017 of $2.46 per Mcf ($2.19 per MMBtu) as compared to $2.54 per Mcf ($2.27 per MMBtu) for April 2017. The average monthly gas price Burlington reports to the Trust is a calculated price. It is determined by dividing gross monthly revenue by production volume, and theref [Read more]

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