{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-127840","form_type":"8-K","ticker":"SJT","cik":"0000319655","company_name":"SAN JUAN BASIN ROYALTY TRUST","filed_at":"2024-11-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.698781+00:00","generated_at":"2026-05-29T23:22:56.653900+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 November cash distribution; excess production costs of $13.4M net","bullets":["No cash distribution for November 2024; excess production costs of $17.9M gross ($13.4M net to Trust) charged to next month.","September 2024 revenue $2.85M vs production costs $5.57M; average gas price $1.42/Mcf, down from $1.79/Mcf in August.","Gas volumes 1.87M Mcf vs 1.92M Mcf in August; cash reserves dropped to $0.96M from $1.8M in April.","Excess costs driven by Hilcorp's 2024 capital project plan with $2.6M in capital costs and $2.6M in lease operating expenses.","Trustee will replenish cash reserves to $2.0M before resuming distributions."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-127840","json":"https://secwatch.observer/filing/0000950170-24-127840.json","markdown":"https://secwatch.observer/filing/0000950170-24-127840.md","text":"https://secwatch.observer/filing/0000950170-24-127840.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319655/000095017024127840/0000950170-24-127840-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319655/000095017024127840/sjt_november_2024_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T23:22:56.653900+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"}