---
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"
generated_at: "2026-05-31T08:34:47.620986+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# San Juan Basin Royalty Trust declares no August 2024 distribution due to excess production costs and low gas prices

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-098912
- JSON: https://secwatch.observer/filing/0000950170-24-098912.json
- Plain text: https://secwatch.observer/filing/0000950170-24-098912.txt

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