secwatch.observer — SEC 8-K summary
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Issuer:     SAN JUAN BASIN ROYALTY TRUST (SJT)
CIK:        0000319655
Form:       8-K
Filed at:   2023-05-19T23:59:59+00:00
Accession:  0001193125-23-149186
Event type: dividend
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

San Juan Basin Royalty Trust declares May distribution of $0.0527/unit; gas price drops to $3.00/Mcf
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- Monthly distribution of $2.46M ($0.052724/unit) payable June 14, 2023, based on March production.
- Gas volumes rose to 2.08M Mcf (2.31M MMBtu) from 1.65M Mcf in prior month.
- Average gas price fell to $3.00/Mcf ($2.70/MMBtu) from $6.29/Mcf ($5.66/MMBtu) in February 2023.
- Net profits reported by Hilcorp: $3.61M; total revenue $6.43M, production costs $2.83M.
- Trust continues comprehensive audit of Hilcorp's accounting and pricing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319655/000119312523149186/0001193125-23-149186-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319655/000119312523149186/d509214d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-149186

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