Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - SAN JUAN BASIN ROYALTY TRUST | d70730e8vk.htm |
Exhibit 99.1
San Juan Basin Royalty Trust
News Release
Compass Bank, Trustee
2525 Ridgmar Boulevard, Suite 100
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, January 19, 2010 — 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 $6,432,209.81or $0.138004 per unit, based principally upon production during
the month of November 2009. The distribution for January also includes $205,085 in granted audit
exceptions and interest on late payment of gross proceeds. The distribution is payable February 12,
2010, to Unit holders of record as of January 29, 2010.
Gas production for the properties from which the royalty was carved (the “Underlying
Properties”) totaled approximately 2,990,370 Mcf (3,259,714 MMBtu). Dividing revenues by
production volume yielded an average gas price for November 2009 of $4.62 per Mcf ($4.24 per
MMBtu) as compared to $4.10 per Mcf ($3.76 per MMBtu) for October 2009. 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 $1,576,908. Lease operating expenses were
$2,808,537 and taxes were $1,361,687.
| 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 |