Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - SAN JUAN BASIN ROYALTY TRUST | d83056e8vk.htm |
Exhibit 99.1
San Juan Basin Royalty Trust
News Release
Compass Bank, Trustee
2525 Ridgmar Boulevard, Suite 100
Fort Worth, Texas 76116
2525 Ridgmar Boulevard, Suite 100
Fort Worth, Texas 76116
San Juan Basin Royalty Trust
Declares Monthly Cash Distribution
Declares Monthly Cash Distribution
FORT WORTH, Texas, June 20, 2011 — Compass Bank, as Trustee of the San Juan Basin Royalty
Trust (NYSE:SJT), today declared a monthly cash distribution to the holders of its units of
beneficial interest of $5,758,803.06 or $0.123556 per unit, based principally upon production
during the month of April 2011. The distribution is payable July 15, 2011, to unit holders of
record as of June 30, 2011.
Gas production for the properties from which the royalty was carved (the “Underlying
Properties”) totaled approximately 2,707,752 Mcf (2,967,482 MMBtu). Dividing revenues by
production volume yielded an average gas price for April 2011 of $5.00 per Mcf ($4.56 per MMBtu)
as compared to $4.66 per Mcf ($4.23 per MMBtu) for March 2011. The average gas price may vary from
the posted index price for the San Juan Basin. The index price is a gross sales price, and the
revenues used in the calculation of average gas prices are net of transportation, processing and
gathering costs. Furthermore, the distribution to the Trust in any given month may include
significant volume adjustments for sales in prior months that reflect pricing for those prior
months. Capital costs for the month were $2,076,326. Lease operating expenses were $2,875,607 and
taxes were $1,354,998.
Contact: |
San Juan Basin Royalty Trust | |||||
| Compass Bank | ||||||
| Lee Ann Anderson, Vice President & Senior Trust Officer | ||||||
| Kaye Wilke, Investor Relations, toll-free: (866) 809-4553 | ||||||
| Fax: | (817) 735-0936 | |||||
| Website: | www.sjbrt.com | |||||
| e-mail: | sjt@compassbank.com | |||||