secwatch.observer — SEC 8-K summary
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Issuer:     SAN JUAN BASIN ROYALTY TRUST (SJT)
CIK:        0000319655
Form:       8-K
Filed at:   2023-11-17T23:59:59+00:00
Accession:  0001193125-23-279410
Event type: dividend
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319655/000119312523279410/0001193125-23-279410-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319655/000119312523279410/d831525d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-279410

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