San Juan Basin Trust: $0.030258/unit distribution; Hilcorp plans $36M 2024 capex

SAN JUAN BASIN ROYALTY TRUST

Monthly cash distribution of $1,410,308.78 ($0.030258/unit) payable March 14, 2024 to holders of record Feb 29, 2024.
Net profits from Subject Interests for Dec 2023: $1.67M net royalty to Trust on $5.87M revenue.
Gas production 1,909,007 Mcf; avg price $2.99/Mcf vs $2.96/Mcf in Nov 2023.
Hilcorp's 2024 capital plan: $36M budget for 39 projects, including 3 new wells and 36 recompletions/workovers.
2023 actual capex was ~$2.2M; large planned increase for 2024.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SAN JUAN BASIN ROYALTY TRUST reported the month of December 2023 results: revenue $5,870,154 of total revenue.

Period: the month of December 2023
Revenue: $5,870,154 of total revenue
Result: preliminary results

Exact text from the filing

Hilcorp reported $5,870,154 of total revenue from the Subject Interests for the production month of December 2023

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Source: SEC EDGAR

accession 0001193125-24-038330

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