San Juan Basin Royalty Trust Declares Cash Distribution for June 2021
June 18 2021 - 9:00AM
Business Wire
BBVA USA, as Trustee of the San Juan Basin Royalty Trust (the
“Trust”) (NYSE:SJT), today declared a monthly cash distribution to
the holders of its Units of beneficial interest (the “Unit
Holders”) of $821,024.63 or $0.017615 per Unit, based primarily
upon estimated production during the month of April 2021, subject
to certain adjustments by the owner of the Trust’s subject
interests, Hilcorp San Juan L.P. (“Hilcorp”), for prior months. The
distribution is payable July 15, 2021, to Unit Holders of record as
of June 30, 2021.
Based upon information provided to the Trust by Hilcorp, gas
production for the subject interests totaled 2,498,553 Mcf
(2,776,171 MMBtu) for April 2021, as compared to 2,617,042 Mcf
(2,907,824 MMBtu) for March 2021. Dividing revenues by production
volume yielded an average gas price for April 2021 of $1.67 per Mcf
($1.50 per MMBtu), as compared to an average gas price for March
2021 of $2.07 per Mcf ($1.86 per MMBtu).
Hilcorp informed the Trust that due to Hilcorp’s transition to a
new accounting system, the April 2021 reporting month is based on
estimated production, estimated prices and estimated costs.
Hilcorp also reported that for the reporting month of April
2021, revenue included an estimated $100,000 for non-operated
revenue. For the month ended April 2021, Hilcorp reported to the
Trust capital costs of $11,623, lease operating expenses and
property taxes of $2,459,029, and severance taxes of $780,743.
Contact:
San Juan Basin Royalty Trust
BBVA USA, Trustee
2200 Post Oak Blvd., Floor 18
Houston, TX 77056
website: www.sjbrt.com
e-mail: sjt.us@bbva.com
Joshua R. Peterson, Head of Trust
Real Assets & Mineral Resources
and Senior Vice President
Kaye Wilke, Investor Relations,
toll-free: (866) 809-4553
Except for historical information contained in this news
release, the statements in this news release are forward-looking
statements that are made pursuant to the Safe Harbor Provisions of
the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements generally are accompanied by words such
as “estimates,” “anticipates,” “could,” “plan,” or other words that
convey the uncertainty of future events or outcomes.
Forward-looking statements and the business prospects of San Juan
Basin Royalty Trust are subject to a number of risks and
uncertainties that may cause actual results in future periods to
differ materially from the forward-looking statements. These risks
and uncertainties include, among other things, certain information
provided to the Trust by Hilcorp, volatility of oil and gas prices,
governmental regulation or action, litigation, and uncertainties
about estimates of reserves. These and other risks are described in
the Trust’s reports and other filings with the Securities and
Exchange Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20210618005033/en/
Joshua R. Peterson, Head of Trust Real Assets & Mineral
Resources and Senior Vice President Kaye Wilke, Investor Relations,
toll-free: (866) 809-4553
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