{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-060515","form_type":"8-K","ticker":"SJT","cik":"0000319655","company_name":"SAN JUAN BASIN ROYALTY TRUST","filed_at":"2026-02-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.357774+00:00","generated_at":"2026-05-16T01:35:31.911661+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Hilcorp 2026 capex plan for SJT: $14M with 15 new drill projects, up from $8.3M in 2025","bullets":["Operator Hilcorp estimates 2026 capex at ~$14M, up from actual $8.3M in 2025.","$11.5M for 15 new drill projects (9 vertical, 6 horizontal) across Mesaverde, Mancos, Dakota formations.","$2M for 17 recompletions/workovers in Fruitland Coal and Pictured Cliffs; $0.5M for facilities."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-060515","json":"https://secwatch.observer/filing/0001193125-26-060515.json","markdown":"https://secwatch.observer/filing/0001193125-26-060515.md","text":"https://secwatch.observer/filing/0001193125-26-060515.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319655/000119312526060515/0001193125-26-060515-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319655/000119312526060515/sjt_feb._26_budget_no_xb.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T01:35:31.911661+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}