{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-098912","form_type":"8-K","ticker":"SJT","cik":"0000319655","company_name":"SAN JUAN BASIN ROYALTY TRUST","filed_at":"2024-08-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.489568+00:00","generated_at":"2026-05-31T08:34:47.620986+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"San Juan Basin Royalty Trust declares no August 2024 distribution due to excess production costs and low gas prices","bullets":["June 2024 revenue was $2,851,950 vs. production costs of $6,419,934; excess costs of $8,456,506 gross ($6,342,379 net) deferred to future months.","Average gas price $1.41/Mcf ($1.27/MMBtu) for June 2024, up from $1.14/Mcf ($1.02/MMBtu) in May 2024.","Admin expenses $187,698 for August 2024; cash reserves drawn to $1,239,141 with plan to replenish to $2.0M before resuming distributions.","Hilcorp's 2024 capital project plan cited as main driver of elevated lease operating expenses and capital costs."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-098912","json":"https://secwatch.observer/filing/0000950170-24-098912.json","markdown":"https://secwatch.observer/filing/0000950170-24-098912.md","text":"https://secwatch.observer/filing/0000950170-24-098912.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319655/000095017024098912/0000950170-24-098912-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319655/000095017024098912/copy_of_sjt_august_8-k_n.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T08:34:47.620986+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"}