---
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"
generated_at: "2026-06-01T04:11:30.043106+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# San Juan Basin Royalty Trust skips June 2024 distribution; production costs exceed revenue by $1.2M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-074074
- JSON: https://secwatch.observer/filing/0000950170-24-074074.json
- Plain text: https://secwatch.observer/filing/0000950170-24-074074.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.