San Juan Basin Royalty Trust Declares Monthly Cash Distribution

Before you go, we thought you'd like these...
Before you go close icon

San Juan Basin Royalty Trust Declares Monthly Cash Distribution

FORT WORTH, Texas--(BUSINESS WIRE)-- Compass Bank, as Trustee of the San Juan Basin Royalty Trust (NYS: SJT) , today declared a monthly cash distribution to the holders of its units of beneficial interest of $1,242,172.85 or $0.026651 per unit, based principally upon production during the month of December 2012. The distribution is payable March 14, 2013, to unit holders of record as of February 28, 2013.


Gas production for the properties from which the royalty was carved (the "Underlying Properties") totaled approximately 2,521,023 Mcf (2,758,720 MMBtu). Dividing revenues by production volume yielded an average gas price for December 2012 of $3.74 per Mcf ($3.42 per MMBtu) as compared to $3.67 per Mcf ($3.34 per MMBtu) for November 2012. 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 $3,658,515. Lease operating expenses were $3,021,974 and taxes were $1,011,690.



San Juan Basin Royalty Trust
Compass Bank
Lee Ann Anderson, 866-809-4553
Vice President & Senior Trust Officer
or
Kaye Wilke, 866-809-4553
Investor Relations
Fax: 817-735-0936
www.sjbrt.com
sjt@bbvacompass.com

KEYWORDS:   United States  North America  Texas

INDUSTRY KEYWORDS:

The article San Juan Basin Royalty Trust Declares Monthly Cash Distribution originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners