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.
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PNC Bank, as the trustee of the San Juan Basin Royalty Trust (NYSE: SJT), announced a monthly cash distribution of $4,838,334.88 or $0.103807 per unit for February 2023. This distribution will be paid on May 12, 2023, to unit holders recorded as of April 28, 2023. Hilcorp, the owner and operator of the trust's interests, reported net profits of $6,564,258, contributing $4,923,194 to the trust. Total revenue for February stood at $10,497,723, with significant production costs of $3,933,465. Gas volumes decreased from January, yielding a lower average gas price of $6.29 per Mcf compared to $16.24 in January. The Trust’s ongoing audit process ensures compliance with underlying agreements.
San Juan Basin Royalty Trust (NYSE:SJT) announced a monthly cash distribution of $19,095,065.72 or $0.409688 per Unit, based on January 2023 production data. Holders of record as of March 31, 2023 will receive the payment on April 14, 2023. Hilcorp reported total revenues of $31,115,206 for January, including $31,073,352 from gas sales, with production costs of $5,465,907. The Trust's ongoing audit process ensures compliance with operational agreements amid risks of price volatility and uncertainties regarding reserves.
PNC Bank, as trustee for the San Juan Basin Royalty Trust (NYSE: SJT), declared a monthly cash distribution of $11,644,396.06 or $0.249833 per unit, based on December 2022 production figures. This distribution is payable on March 14, 2023, to unit holders of record by February 28, 2023. Hilcorp reported total revenues from these interests at $20,049,260, with gas revenues making up a significant portion. The average gas price rose to $10.32 per Mcf, compared to $5.36 the previous month. Hilcorp plans $4.4 million in capital expenditures for 2023, focusing on well recompletions and facility projects.
PNC Bank, as trustee for San Juan Basin Royalty Trust (NYSE: SJT), announced a monthly cash distribution of $5,231,814.43, equating to $0.112250 per Unit, based on production data from November 2022. This distribution will be paid on February 14, 2023, to Unit Holders of record by January 31, 2023. For November, Hilcorp reported $11,087,772 in revenue and $4,002,818 in production costs. Gas prices averaged $5.36 per Mcf, up from $4.73 in October. The Trust continues to conduct audits on Hilcorp’s reporting to ensure compliance with operational agreements. Forward-looking statements are subject to risks including oil and gas price volatility.
San Juan Basin Royalty Trust (NYSE: SJT) announced a monthly cash distribution of $4,488,193.46, or $0.096295 per Unit, to Unit Holders, based on production from October 2022. This distribution is scheduled to be paid on January 17, 2023. Hilcorp reported net profits of $6,052,622 with total revenues of $9,458,334 from oil and gas operations during the same month. There are ongoing audits and accounting improvements being implemented to enhance the Trust’s reporting processes.
HOUSTON—PNC Bank, as trustee of the San Juan Basin Royalty Trust (NYSE: SJT), announced a monthly cash distribution of $8,015,381.16 or $0.171971 per unit, based on September 2022 production. The distribution is payable on December 14, 2022, to unit holders of record as of November 30, 2022. Hilcorp San Juan L.P. reported net profits of $10,864,659 and total revenues of $14,810,979 for that month. Gas production decreased to 1,995,001 Mcf, with an average price of $7.32 per Mcf.
PNC Bank, trustee of San Juan Basin Royalty Trust (NYSE: SJT), announced a monthly cash distribution of $16,272,132.13 or $0.349121 per Unit, based on August 2022 production. This distribution is payable on November 15, 2022, to holders of record as of October 31, 2022. Hilcorp reported net profits of $21,815,782 for the Trust. Total revenue from Subject Interests was $26,014,687, with production costs at $4,198,905. Gas volumes increased to 2,076,429 Mcf, with an average gas price of $7.54 per Mcf.