secwatch.observer — SEC 8-K summary
======================================

Issuer:     SAN JUAN BASIN ROYALTY TRUST (SJT)
CIK:        0000319655
Form:       8-K
Filed at:   2023-02-17T23:59:59+00:00
Accession:  0001193125-23-041940
Event type: dividend
Sentiment:  neutral
Materiality: 0.40
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SJT declares $0.249833/unit distribution; Dec gas price $10.32/Mcf vs Nov $5.36
-------------------------------------------------------------------------------

- Monthly distribution of $11.64M ($0.249833/unit) payable March 14, 2023 to holders of record Feb 28.
- Dec 2022 gas revenue $19.79M on 1,917,016 Mcf; avg price $10.32/Mcf ($9.29/MMBtu), up 92% from Nov.
- Production costs $4.23M; net royalty to Trust $11.87M.
- Hilcorp estimates 2023 capital budget $4.4M, including 25 well recompletions and workovers.
- 2022 actual capex ~$1M; ongoing audit of Hilcorp payments continues.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319655/000119312523041940/0001193125-23-041940-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319655/000119312523041940/d465711d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-041940

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer