secwatch.observer — SEC 8-K summary
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Issuer:     SAN JUAN BASIN ROYALTY TRUST (SJT)
CIK:        0000319655
Form:       8-K
Filed at:   2024-07-19T23:59:59+00:00
Accession:  0000950170-24-084795
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SJT declares no July 2024 distribution; May production costs exceed revenue by $4.9M
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319655/000095017024084795/0000950170-24-084795-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319655/000095017024084795/copy_of_sjt_july_8-k.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-084795

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