secwatch.observer — SEC 8-K summary
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Issuer:     SAN JUAN BASIN ROYALTY TRUST (SJT)
CIK:        0000319655
Form:       8-K
Filed at:   2024-08-20T23:59:59+00:00
Accession:  0000950170-24-098912
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319655/000095017024098912/0000950170-24-098912-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319655/000095017024098912/copy_of_sjt_august_8-k_n.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-098912

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