secwatch.observer — SEC 8-K summary
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Issuer:     SAN JUAN BASIN ROYALTY TRUST (SJT)
CIK:        0000319655
Form:       8-K
Filed at:   2023-03-21T23:59:59+00:00
Accession:  0001193125-23-075872
Event type: dividend
Sentiment:  neutral
Materiality: 0.30
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SJT declares March 2023 distribution of $0.409688/unit, payable April 14
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- Cash distribution of $19,095,065.72 ($0.409688/unit) for January 2023 production.
- Net profits reported by Hilcorp: $25,649,298; net royalty to Trust: $19,236,974.
- Total revenue $31.1M (gas $31.07M, oil $41.8K); production costs $5.47M.
- Gas volumes 1,913,923 Mcf; avg price $16.24/Mcf vs $10.32/Mcf in Dec 2022.
- Higher gas price due to cold weather, low storage, and pipeline constraints.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319655/000119312523075872/0001193125-23-075872-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319655/000119312523075872/d456423d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-075872

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