secwatch.observer — SEC 8-K summary
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Issuer:     SAN JUAN BASIN ROYALTY TRUST (SJT)
CIK:        0000319655
Form:       8-K
Filed at:   2023-09-07T23:59:59+00:00
Accession:  0001193125-23-229780
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

San Juan Basin Royalty Trust settles with Hilcorp for $1.04M over 2017-2020 expenses
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- Settlement amount of $1,037,093.45 includes interest to resolve 2017-2020 underpaid royalties.
- Disputed expenses covered offsite labor, overhead, operator-owned compressors, and saltwater disposal.
- Hilcorp also entered into an amendment to the Conveyance re: saltwater disposal facility expenses.
- Payment to be made in a future distribution to trust unitholders; scheduled within 10 business days.
- Trustee identified exceptions during routine audit; settlement reached August 30, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319655/000119312523229780/0001193125-23-229780-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319655/000119312523229780/d535184d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-229780

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