secwatch.observer — SEC 8-K summary
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Issuer:     SAN JUAN BASIN ROYALTY TRUST (SJT)
CIK:        0000319655
Form:       8-K
Filed at:   2025-02-18T23:59:59+00:00
Accession:  0000950170-25-022084
Event type: dividend
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

San Juan Basin Royalty Trust skips Feb 2025 distribution amid low gas prices, excess costs
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- No February 2025 cash distribution to unit holders due to low natural gas prices and excess production costs.
- December 2024 revenue from subject interests totaled $8.69M; production costs were $6.46M.
- Cumulative excess production costs: $27.3M gross ($20.5M net to Trust), down $2.2M from prior month.
- Cash reserves used to pay $139k in admin expenses; remaining $512k, with target to replenish to $2.0M.
- Hilcorp's 2025 capital plan for Subject Interests estimates $9.0M expenditure on 29 projects.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319655/000095017025022084/0000950170-25-022084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319655/000095017025022084/sjt_february_2025_8-k_no.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-022084

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