San Juan Basin Royalty Trust Declares No Cash Distribution for October 2026
San Juan Basin Royalty Trust will not declare an October 2026 cash distribution, citing excess production costs from Hilcorp's 2024 horizontal drilling and continued low natural gas prices. The cumulative excess production cost balance stands at roughly $12.4 million gross ($9.3 million net to the Trust); until it is repaid — along with a $2.0 million reserve replenishment and repayment of the Trust's $1.16 million line of credit — unitholders receive no royalty income.
Key figures
- Gas revenues
- 4688244
- Oil revenues
- 180537
- Cash reserves
- 3891
- Gas volumes mcf
- 2057618
- August 2026 revenue
- 4868781
- Trust admin expenses
- 80118
- Avg gas price per mcf
- 2.28
- Required cash reserve
- 2000000
- Line of credit balance
- 1155501
- Production costs august
- 4738333
- Excess production costs net
- 9317264
- Excess production costs gross
- 12423018
- Monthly deficit reduction net
- 97836
- Prior month gas price per mcf
- 2.01
- Monthly deficit reduction gross
- 130448
AI analysis
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