---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-279410"
form_type: "8-K"
ticker: "SJT"
cik: "0000319655"
company_name: "SAN JUAN BASIN ROYALTY TRUST"
filed_at: "2023-11-17T23:59:59+00:00"
generated_at: "2026-06-08T00:32:12.723244+00:00"
event_type: "dividend"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# San Juan Basin Royalty Trust declares $0.01691/unit monthly distribution; gas volumes and prices down sharply

## Summary
- Distribution of $788,156 ($0.01691/unit) payable Dec 14, 2023 to record holders Nov 30, 2023.
- Net profits to Trust from subject interests: $970,458, with total revenue of $4.87M and production costs of $3.57M.
- Gas volumes for Sept 2023: 1,905,945 Mcf, down ~8% from Aug 2023; avg gas price $2.46/Mcf, down 20% from $3.09/Mcf.
- Ongoing audit of Hilcorp accounting and pricing continues, including evaluation of compliance with trust agreements.
- Production costs included $2.30M lease operating, $0.74M severance taxes, and $0.53M capital costs.

## SEC filing metadata
- accession: 0001193125-23-279410
- form_type: 8-K
- ticker: SJT
- cik: 0000319655
- company_name: SAN JUAN BASIN ROYALTY TRUST
- filed_at: 2023-11-17T23:59:59+00:00
- event_type: dividend
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/319655/000119312523279410/0001193125-23-279410-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/319655/000119312523279410/d831525d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-279410
- JSON: https://secwatch.observer/filing/0001193125-23-279410.json
- Plain text: https://secwatch.observer/filing/0001193125-23-279410.txt

## Key facts
- Earnings Releases
  SAN JUAN BASIN ROYALTY TRUST reported financial results for the month of September 2023.
  - Period: the month of September 2023
  - Result: reported results
  source text: On November 17, 2023, the San Juan Basin Royalty Trust (the “Trust”) issued a press release, a copy of which is attached hereto as Exhibit 99.1, announcing a monthly cash distribution to the holders (the “Unit Holders”) of its units of beneficial interest (the “Units”) of $788,156.02 or $0.016910 per Unit, based primarily upon the reported production of the Trust’s subject interests (the “Subject Interests”) during the month of September 2023, by the owner of the Subject Interests, Hilcorp San Juan L.P.
  evidence_url: https://www.sec.gov/Archives/edgar/data/319655/000119312523279410/0001193125-23-279410-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.