secwatch.observer — SEC 8-K summary
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Issuer:     SAN JUAN BASIN ROYALTY TRUST (SJT)
CIK:        0000319655
Form:       8-K
Filed at:   2026-02-20T23:59:59+00:00
Accession:  0001193125-26-060515
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hilcorp 2026 capex plan for SJT: $14M with 15 new drill projects, up from $8.3M in 2025
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319655/000119312526060515/0001193125-26-060515-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319655/000119312526060515/sjt_feb._26_budget_no_xb.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-060515

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer