secwatch.observer — SEC 8-K summary
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Issuer:     SAN JUAN BASIN ROYALTY TRUST (SJT)
CIK:        0000319655
Form:       8-K
Filed at:   2024-10-21T23:59:59+00:00
Accession:  0000950170-24-115961
Event type: dividend
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

San Juan Basin Royalty Trust declares no cash distribution for Oct 2024
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- No cash distribution for Oct 2024; excess production costs of $15.15M gross ($11.36M net) charged to future months.
- Aug 2024 revenue $3.59M, production costs $7.23M (including $4.36M capex).
- Average gas price $1.79/Mcf in Aug vs $1.94/Mcf in Jun; volumes 1.92M Mcf.
- Trust admin expenses $87,522; cash reserves $1.02M after $82,564 draw; plan to replenish to $2.0M.
- Trustee continues auditing Hilcorp's costs and pricing; no distributions until net proceeds sufficient.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319655/000095017024115961/0000950170-24-115961-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319655/000095017024115961/copy_of_sjt_october_8-k.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-115961

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