San Juan Basin Royalty Trust declares December cash distribution.
BANKING AND CREDIT NEWS-December 20, 2017-San Juan Basin Royalty Trust declares December cash distribution
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Compass Bank, as Trustee of the San Juan Basin Royalty Trust (the "Trust") (NYSE:SJT), has declared a monthly cash distribution to the holders of its units of beneficial interest of USD 3,415,851.12 or USD 0.073288 per unit, based principally upon estimated production during the month of October 2017, the company said.
The distribution is payable January 16, 2018, to unit holders of record as of December 29, 2017.
San Juan Basin Royalty Trust operates as an express trust in Texas. The company has a 75% net overriding royalty interest carved out of Burlington's oil and 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 833.7 net wells. Compass Bank serves as the trustee of the San Juan Basin Royalty Trust. The company was founded in 1980 and is based in Fort Worth, Texas.
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