San Juan Basin Royalty Trust Declares No Cash Distribution for August 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, as previously reported, 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 month of June 2019 reported by the operator of the Trust’s subject interests, Hilcorp San Juan L.P. (“Hilcorp”). 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 planned capital spending associated with the Fruitland Coal well drill and multiple well recompletions. The new Fruitland Coal well and the well recompletions were included in Hilcorp's revised 2019 capital expenditures plan announced by the Trust on May 9, 2019.The Trust will utilize its cash reserves to pay the Trust’s administrative expenses of $130,438 for
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- San Juan Basin Royalty Trust Announces March Cash Distribution [Yahoo! Finance]Yahoo! Finance
- San Juan Basin Royalty Trust Announces March Cash DistributionPR Newswire
SJT
Analyst Actions
- 2/13/24 - TheStreet
SJT
Sec Filings
- 4/19/24 - Form 8-K
- 4/1/24 - Form 10-K
- 3/18/24 - Form 8-K
- SJT's page on the SEC website