{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-074074","form_type":"8-K","ticker":"SJT","cik":"0000319655","company_name":"SAN JUAN BASIN ROYALTY TRUST","filed_at":"2024-06-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.543213+00:00","generated_at":"2026-06-01T04:11:30.043106+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"San Juan Basin Royalty Trust skips June 2024 distribution; production costs exceed revenue by $1.2M","bullets":["No monthly cash distribution for June 2024 due to lower natural gas prices and production costs exceeding proceeds.","Hilcorp reported $2.47M revenue vs $3.26M production costs for April 2024, creating $1.22M gross excess costs.","Average gas price fell to $1.24/Mcf in Apr 2024 from $1.50/Mcf in Mar 2024.","Trustee increased cash reserves to $1.8M; plans to build to $2.0M before resuming distributions.","Cash reserves of $82,913 used to pay June 2024 Trust administrative expenses; balance now $1.47M."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-074074","json":"https://secwatch.observer/filing/0000950170-24-074074.json","markdown":"https://secwatch.observer/filing/0000950170-24-074074.md","text":"https://secwatch.observer/filing/0000950170-24-074074.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319655/000095017024074074/0000950170-24-074074-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319655/000095017024074074/sjt_june_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T04:11:30.043106+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}