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San Juan Basin Royalty Trust UBI - $SJT STOCK NEWS

Welcome to our dedicated page for San Juan Basin Royalty Trust UBI news (Ticker: $SJT), a resource for investors and traders seeking the latest updates and insights on San Juan Basin Royalty Trust UBI stock.

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Rhea-AI Summary
San Juan Basin Royalty Trust declares monthly cash distribution of $2,507,212.89 or $0.053793 per Unit to Unit Holders based on reported production in July 2023. Hilcorp reported net profits of $3,586,018 ($2,689,513 net royalty amount to the Trust) and total revenue of $6,757,633 from Subject Interests in July 2023. Gas volumes for July 2023 totaled 1,986,071 Mcf, with an average gas price of $2.53 per Mcf. Trust continues auditing payments and engaging with Hilcorp regarding accounting and reporting.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.81%
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none
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Rhea-AI Summary
PNC Bank resigns as trustee of San Juan Basin Royalty Trust, nominates Argent Trust Company as successor trustee. PNC's decision based on long-term strategy. Proxy materials and special meeting of Unit Holders scheduled for December 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.02%
Tags
management
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Rhea-AI Summary
PNC Bank, as trustee of San Juan Basin Royalty Trust, reaches agreement with Hilcorp resulting in a payment of $1,037,093.45 to resolve disputed expenses and amend Conveyance Agreement for saltwater disposal facilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
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none
Rhea-AI Summary
PNC Bank declares monthly cash distribution of $964,360.23 to San Juan Basin Royalty Trust unit holders based on June 2023 production. Hilcorp reports $4,104,013 total revenue from Subject Interests with $1,081,666 net royalty amount to the Trust. Gas volumes for June 2023 increase compared to May 2023. Average gas price for June 2023 is $1.88 per Mcf.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.91%
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none
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Rhea-AI Summary
San Juan Basin Royalty Trust (NYSE: SJT) has declared a monthly cash distribution of $475,477.18 or $0.010201 per Unit to its Unit Holders. The distribution is payable on August 14, 2023, to Unit Holders of record as of July 31, 2023. Hilcorp San Juan L.P. reported net profits of $731,812 ($548,859 net royalty amount to the Trust) for the production month of May 2023. Hilcorp reported $3,815,199 of total revenue from the Subject Interests, with $3,419,956 of gas revenues and $395,243 of oil revenues. Gas volumes for May 2023 totaled 1,997,433 Mcf, with an average gas price of $1.71 per Mcf.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.45%
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none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.83%
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none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.04%
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none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.78%
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none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.11%
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none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.49%
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none
San Juan Basin Royalty Trust UBI

NYSE:SJT

SJT Rankings

SJT Stock Data

206.01M
46.60M
10.64%
1.65%
Miscellaneous Intermediation
Finance and Insurance
Link
United States of America
DALLAS

About SJT

san juan basin royalty trust operates as an express trust in texas. the company has a 75% net overriding royalty interest carved out of southland's oil and natural gas interests (the subject interests) in properties located in the san juan basin in northwestern new mexico. the subject interests consist of working interests, royalty interests, overriding royalty interests, and other contractual rights in 119,000 net producing acres in san juan, rio arriba, and sandoval counties of northwestern new mexico, as well as 826.3 net wells. bbva usa serves as the trustee of the san juan basin royalty trust. the company was founded in 1980 and is based in houston, texas.