secwatch.observer — SEC 8-K summary
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Issuer:     SAN JUAN BASIN ROYALTY TRUST (SJT)
CIK:        0000319655
Form:       8-K
Filed at:   2024-02-16T23:59:59+00:00
Accession:  0001193125-24-038330
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319655/000119312524038330/0001193125-24-038330-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319655/000119312524038330/d777891d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-038330

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