Welcome to our dedicated page for San Juan Royl Tr news (Ticker: SJT), a resource for investors and traders seeking the latest updates and insights on San Juan Royl Tr stock.
San Juan Basin Royalty Trust UBI (NYSE: SJT) issues frequent operational and financial updates that are particularly relevant for investors focused on natural gas and oil royalties. The Trust holds a net profits interest in producing properties in the San Juan Basin of New Mexico, and its news flow centers on how revenues, production costs, and capital spending on these properties affect net proceeds and potential cash distributions to unitholders.
Recent press releases from Argent Trust Company, as trustee, have emphasized that the Trust has not declared monthly cash distributions for multiple consecutive months. The stated reasons include excess production costs for the Trust’s subject interests and periods of continued low natural gas pricing. These announcements detail how production costs, lease operating expenses, severance taxes, and capital expenditures compare to gross proceeds, and explain when excess production costs prevent royalty income from being paid to the Trust.
News items also describe Hilcorp’s capital project plans for the Subject Interests, including drilling projects, recompletions, workovers, and facilities projects related to natural gas compression and other facilities. These updates outline estimated capital budgets and project counts, and note that actual capital costs may vary from estimates. Such information helps readers understand how ongoing development activity may influence future production, costs, and the timing of any resumption of distributions.
In addition, the Trust’s releases discuss the Trustee’s use of cash reserves, interest income, and, more recently, a line of credit to cover administrative expenses during revenue shortfalls. Together, these news items provide a detailed picture of how commodity prices, operating costs, and capital spending interact within the Trust’s net profits structure. Investors and analysts following SJT can use this news page to review the Trust’s monthly distribution decisions, production metrics, and capital planning disclosures over time.
San Juan Basin Royalty Trust (NYSE: SJT) announced no cash distribution to Unit Holders for April 2025 due to excess production costs from Hilcorp's two horizontal wells drilled in 2024. The Trust must apply $3,435,269 in net proceeds to the remaining excess production costs balance of $12,869,691.
For February 2025, Hilcorp reported total revenue of $7,869,451 from the Subject Interests, with gas revenues of $7,685,519 and oil revenues of $183,932. Production costs were $3,289,092. Gas production volumes decreased to 2,287,310 Mcf from January's 2,689,216 Mcf, with average gas prices falling to $3.36 per Mcf from $3.74.
The Trust's cash reserves have declined to $117,797, with $140,724 being used for administrative expenses. The Trustee plans to replenish and increase reserves to $2.0 million before future distributions and is exploring credit options to cover administrative expenses until royalty income resumes.
San Juan Basin Royalty Trust (NYSE: SJT) announced no cash distribution to Unit Holders for March 2025 due to excess production costs from Hilcorp's drilling of two horizontal wells in 2024. The current balance of excess production costs is approximately $21.7M gross ($16.3M net to Trust).
For January 2025, Hilcorp reported total revenue of $10.15M from Subject Interests, with gas revenues of $10.06M and oil revenues of $88,082. Production costs were $4.61M, including $2.57M in lease operating expenses, $784,303 in severance taxes, and $1.26M in capital costs. Gas production totaled 2.69M Mcf at an average price of $3.74 per Mcf, up from $3.14 in December.
The Trust's cash reserves decreased to $258,521, with $253,619 used for administrative expenses. Hilcorp's 2025 capital project plan estimates $9.0M in expenditures, including $4.0M for seven new vertical drill projects, $4.5M for recompletions and workovers, and $0.5M for facilities projects.
San Juan Basin Royalty Trust (NYSE: SJT) announced no cash distribution for February 2025 due to excess production costs and low natural gas prices. The Trust reported total revenue of $8.69 million for December 2024, with production costs of $6.46 million. Cumulative excess production costs stand at $27.28 million gross ($20.46 million net to Trust).
Gas volumes for December 2024 totaled 2,669,858 Mcf at an average price of $3.14 per Mcf, compared to 2,261,819 Mcf at $2.10 per Mcf in November. The Trust's cash reserves decreased to $512,140, with plans to increase reserves to $2.0 million before future distributions.
Hilcorp's 2025 capital project plan estimates approximately $9.0 million in expenditures, including $4.0 million for new vertical drill projects, $4.5 million for recompletions and workovers, and $0.5 million for facilities projects.
San Juan Basin Royalty Trust (NYSE: SJT) announced Hilcorp Energy Company's 2025 capital project plan, estimating expenditures of $9.0 million for 29 projects. The budget allocation includes:
- $4.0 million for seven new vertical drill projects in Dakota/Mesaverde formations
- $4.5 million for 22 recompletions and workovers in Fruitland Coal formation
- $0.5 million for facilities projects related to natural gas compression
For comparison, in 2024, Hilcorp's capital expenditures through November totaled $33.6 million out of a projected $34.0 million, with $24.6 million spent on two horizontal drilling projects in the Mancos formation, $8.0 million on recompletions and workovers, and $1.0 million on facilities projects.
San Juan Basin Royalty Trust (NYSE: SJT) announced no cash distribution to Unit Holders for January 2025 due to excess production costs and low natural gas prices. Hilcorp reported total revenue of $4,880,618 from Subject Interests for November 2024, including $4,752,207 in gas revenues and $128,411 in oil revenues. However, production costs were significantly higher at $13,139,376.
The excess production costs of approximately $29.5 million gross ($22.1 million net to Trust) will be charged to next month's distribution. Gas volumes totaled 2,261,819 Mcf at an average price of $2.10 per Mcf, compared to 1,880,071 Mcf at $1.92 per Mcf in October 2024.
The Trust's cash reserves decreased to $651,323 after covering administrative expenses. The Trustee plans to replenish and increase cash reserves to $2.0 million before future distributions resume.
San Juan Basin Royalty Trust (NYSE: SJT) announced no cash distribution for December 2024 due to excess production costs and low natural gas prices. Hilcorp reported total revenue of $3,674,540 from Subject Interests for October 2024, but faced production costs of $7,059,218. The excess production costs of approximately $21.2 million gross will be charged to next month's distribution.
Gas volumes totaled 1,880,071 Mcf with an average price of $1.92 per Mcf for October 2024, compared to September's $1.42 per Mcf. The Trust's cash reserves will decrease to $760,919 after covering administrative expenses. The Trustee plans to replenish and increase cash reserves to $2.0 million before future distributions to Unit Holders.
San Juan Basin Royalty Trust (NYSE: SJT) announced no cash distribution for November 2024 due to excess production costs and low natural gas prices. Hilcorp reported total revenue of $2,853,533 from Subject Interests for September 2024, while production costs were $5,566,414. The excess production costs of approximately $17.86 million gross will be charged to next month's distribution. Gas volumes totaled 1,869,291 Mcf with an average price of $1.42 per Mcf, down from $1.79 in August. The Trust's cash reserves will decrease to $961,566 after covering administrative expenses, with plans to increase reserves to $2.0 million before future distributions.
San Juan Basin Royalty Trust (NYSE: SJT) announced no cash distribution for October 2024 due to excess production costs and low natural gas pricing. Hilcorp reported $3,594,338 total revenue and $7,227,419 production costs for August 2024. Excess production costs of $15,150,449 gross will be charged to the next month's distribution. The Trust's administrative expenses were $87,522, partially covered by $4,959 interest income. Gas volumes totaled 1,922,538 Mcf with an average price of $1.79 per Mcf. The Trustee utilized $82,564 from cash reserves, leaving a balance of $1,017,135. The Trust plans to replenish and increase cash reserves to $2.0 million before future distributions.
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