{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-084795","form_type":"8-K","ticker":"SJT","cik":"0000319655","company_name":"SAN JUAN BASIN ROYALTY TRUST","filed_at":"2024-07-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.489376+00:00","generated_at":"2026-05-31T19:18:36.984838+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"SJT declares no July 2024 distribution; May production costs exceed revenue by $4.9M","bullets":["No monthly cash distribution for July 2024; lower gas prices and excess production costs cited.","May 2024: total revenue $2,518,037, production costs $6,183,810; excess of $4,888,522 gross ($3,666,391 net).","Average gas price fell to $1.14/Mcf ($1.02/MMBtu) from $1.24/Mcf ($1.12/MMBtu) in April 2024.","Cash reserves drawn to $1,420,537; trustee aims to replenish to $2.0 million before resuming distributions.","Hilcorp's 2024 capital plan drove higher lease operating expenses ($2.5M) and capital costs ($3.3M)."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-084795","json":"https://secwatch.observer/filing/0000950170-24-084795.json","markdown":"https://secwatch.observer/filing/0000950170-24-084795.md","text":"https://secwatch.observer/filing/0000950170-24-084795.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319655/000095017024084795/0000950170-24-084795-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319655/000095017024084795/copy_of_sjt_july_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T19:18:36.984838+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"}