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.
BBVA USA, as Trustee of the San Juan Basin Royalty Trust (NYSE:SJT), announced a monthly cash distribution of $2,472,277.06, totaling $0.053043 per Unit, based on January 2021 production estimates. Payments will be made on April 14, 2021, to those on record as of March 31, 2021. Notably, gas production for January 2021 was 2,631,464 Mcf, an increase from December's 1,643,882 Mcf. However, the average gas price decreased from $2.66 to $2.36 per Mcf. A negative adjustment of $68,164 gross was also reported due to prior month true-ups.
The San Juan Basin Royalty Trust (NYSE:SJT) has received Hilcorp Energy Company's 2021 capital project plan, estimating capital expenditures at $0.3 million. The plan focuses on natural gas compression projects. Due to current low natural gas prices, Hilcorp will not pursue new drilling or recompletion activities in 2021. In the previous year, Hilcorp's capital expenditures were approximately $0.4 million, also primarily for gas compression projects. The Trust's future performance may be impacted by price volatility, regulatory actions, and reserves estimates.
San Juan Basin Royalty Trust (NYSE:SJT) declared a monthly cash distribution of $2,547,730.20, equating to $0.054662 per Unit, based on December 2020 production. This distribution will be paid on March 12, 2021, to holders of record as of February 26, 2021. Gas production totaled 1,643,882 Mcf in December 2020, up from 1,428,504 Mcf in November 2020, yet the average gas price dropped from $3.14 per Mcf in November to $2.66 per Mcf in December. Adjustments included a negative impact of $3,573 net to the Trust. Capital costs and expenses were also reported for December 2020.
BBVA USA, Trustee of the San Juan Basin Royalty Trust (NYSE:SJT), has announced a monthly cash distribution totaling $2,731,234.93, equating to $0.058599 per Unit, based on November 2020 production data. The distribution is scheduled for February 12, 2021, to Unit Holders of record as of January 29, 2021. November saw gas production at 1,428,504 Mcf, with an average price of $3.14 per Mcf, a significant increase from $1.52 in October. Additional profits of $717,922 gross were reported due to previous months' adjustments.
BBVA USA, Trustee of the San Juan Basin Royalty Trust (NYSE:SJT), announced a monthly cash distribution of $286,468.03, or $0.006146 per Unit, based on October 2020 production. This distribution is payable on January 15, 2021, to Unit Holders of record as of December 31, 2020. Gas production for October totaled 1,440,001 Mcf, a decline from September's 2,218,752 Mcf. The average gas price dropped from $1.87 per Mcf in September to $1.52 per Mcf in October. Additionally, a negative adjustment of $1,119,899 gross was reported for previous months, impacting net revenues.
BBVA USA, as Trustee of the San Juan Basin Royalty Trust (NYSE:SJT), announced a monthly cash distribution totaling $1,277,407.59 or $0.027407 per Unit, based on September 2020 production. This is a decrease in gas production, totaling 2,218,752 Mcf, compared to 2,598,335 Mcf in August 2020. The average gas price rose to $1.87 per Mcf from $1.52 the previous month. Additionally, the reporting month included $71,802 in additional profits due to true-ups. The distribution is payable on December 14, 2020, to Unit Holders of record as of November 30, 2020.