Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - SAN JUAN BASIN ROYALTY TRUST | d79814e8vk.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, February 17, 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 $6,448,317.95 or $0.138350 per unit, based principally upon production
during the month of December 2010. The distribution is payable March 14, 2011, to unit holders of
record as of February 28, 2011.
Gas production for the properties from which the royalty was carved (the “Underlying
Properties”) totaled approximately 2,863,356 Mcf (3,132,621 MMBtu). Dividing revenues by
production volume yielded an average gas price for December 2010 of $4.83 per Mcf ($4.41 per
MMBtu) as compared to $3.87 per Mcf ($3.49 per MMBtu) for November 2010. 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 $987,945. Lease operating expenses were $2,817,427
and taxes were $1,376,546.
| 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 | |||