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 (SJT) provides investors with centralized access to official announcements and energy sector developments. This resource aggregates all trust-related news, including quarterly distributions, production updates, and regulatory filings.
Monitor royalty income changes, natural gas price impacts, and operational audits through verified press releases. The trust’s 75% net overriding royalty interest structure and New Mexico basin focus create unique financial considerations addressed in disclosed updates.
Key updates include earnings reports, operator agreements, and reserve management decisions. Third-party audit results and trustee communications provide transparency into production costs and revenue distributions.
Bookmark this page for streamlined tracking of SJT’s financial performance and basin operations. Regular updates ensure stakeholders maintain current understanding of royalty calculations and administrative expense management.
San Juan Basin Royalty Trust (NYSE: SJT) announced no cash distribution for July 2024 due to excess production costs and lower natural gas pricing. Hilcorp reported $2,518,037 in total revenue and $6,183,810 in production costs for May 2024. The excess production costs of approximately $4,888,522 gross will be charged to the next month's distribution. Gas volumes for May 2024 totaled 1,970,451 Mcf, with an average gas price of $1.14 per Mcf. The Trust's cash reserves were $1,420,537 after covering administrative expenses. The Trustee plans to increase cash reserves to $2.0 million before future distributions.
The San Juan Basin Royalty Trust (SJT) announced no cash distribution for June 2024 due to production costs surpassing revenues and lower natural gas prices in April 2024. The Trust reported total revenues from gas and oil at approximately $2.47 million while incurring production costs of $3.26 million, resulting in excess costs of around $1.22 million. Cash reserves are being used to cover administrative expenses, leaving $1.47 million in reserves. The Trustee aims to replenish reserves to $2 million before any future distributions. Continuous audits and engagements with Hilcorp ensure compliance and accurate reporting.
Argent Trust Company, as the trustee of the San Juan Basin Royalty Trust (SJT), announced no cash distribution for May 2024 due to excessive production costs and lower natural gas pricing. For March 2024, Hilcorp San Juan L.P. reported revenues of $3,161,533 and production costs of $3,593,830, leading to a shortfall. Gas volumes increased from February to March 2024, but average gas prices dropped significantly. The Trustee will use cash reserves of $249,344 to cover administrative expenses, aiming to replenish reserves to $2.0 million before future distributions. An ongoing audit process ensures compliance with Trust agreements.
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