secwatch.observer — SEC 8-K summary
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Issuer:     SAN JUAN BASIN ROYALTY TRUST (SJT)
CIK:        0000319655
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0001193125-24-069978
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

San Juan Basin Royalty Trust declares $0.041278/unit March distribution, revises 2024 capex to $34M
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- Monthly distribution of $1,923,926.56 ($0.041278/unit) payable April 12, 2024, record March 28, 2024.
- Net profits from Hilcorp: $3,277,646 gross, $2,458,235 net to Trust; revenue $6,667,167, production costs $3,389,520.
- Gas volumes 1,808,545 Mcf (Jan 2024), down 5.3% from Dec 2023; avg gas price $3.64/Mcf, up 21.7% MoM.
- 2024 capex plan reduced to $34M from $36M by removing vertical drill well; cash reserve to increase to $2.0M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319655/000119312524069978/0001193125-24-069978-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319655/000119312524069978/d775161d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-069978

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