secwatch.observer — SEC 8-K summary
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Issuer:     SAN JUAN BASIN ROYALTY TRUST (SJT)
CIK:        0000319655
Form:       8-K
Filed at:   2025-02-13T23:59:59+00:00
Accession:  0000950170-25-019941
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

San Juan Basin Royalty Trust operator Hilcorp slashes 2025 capex to ~$9M vs $34M in 2024
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- 2025 capital plan estimates $9.0M in expenditures, down from 2024's projected $34.0M.
- Includes 7 new vertical drill projects ($4.0M) in Dakota/Mesaverde and 22 recompletions/workovers ($4.5M) in Fruitland Coal.
- 2024 actual capex through Nov totalled $33.6M, including $24.6M on two horizontal Mancos wells.
- No new horizontal Mancos drilling planned for 2025; focus shifts to vertical wells and workovers.
- Capital plan subject to revision; actual costs may vary from estimates.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319655/000095017025019941/0000950170-25-019941-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319655/000095017025019941/sjt-20250213.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-019941

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