San Juan Basin Royalty Trust (SJT)
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San Juan Basin Royalty Trust: Not A Hormuz Beneficiary
San Juan Basin Royalty Trust offers limited trading utility as Henry Hub prices remain disconnected from global LNG markets due to capacity constraints in the US. Operator investments and costs have to be taken into account before SJT receives royalties, so a CAPEX cycle by the operator now is preventing royalty income. Given imminent maturities, there is an issue in that it will take some years for the underlying net proceeds to cover the big possible CAPEX burden at the operating level.
San Juan Basin Royalty Trust: An Unexpected Acceleration
San Juan Basin Royalty Trust benefits from cold weather. Hilcorp's significant capital budget for drilling and reworking wells makes the timing of resumed distributions speculative. Excess production costs of $22.1 million net to the Trust delay cash distributions until liabilities are paid and reserves reach $2 million.
San Juan Basin Royalty Trust Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Michelle S. Hickox FIRST FINANCIAL BANKSHARES Inc. | 37,500 | $177,750 | $127,125 | -$50,625 | -28.48% |
 Curtis Ellergodt Rothschild Investment LLC | 2,737 | $13,796 | $9,182.63 | -$4,613.37 | -33.44% |
| NA Nizar Araji National Bank Of Canada /FI/ | 10,000 | $105,200 | $33,550 | -$71,650 | -68.11% |
| SW Steve Wilkes Hutchinson Capital MANAGEMENT/CA | 17,500 | $155,000 | $58,712.5 | -$96,287.5 | -62.12% |
| JK Jeremy King Capital City Trust CO/FL | 10,000 | $100,000 | $32,000 | -$68,000 | -68% |
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San Juan Basin Royalty Trust Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Joshua R. Peterson CEO | NYSE Exchange | 798241105 CUSIP |
| US Country | - Employees | 29 Apr 2024 Last Dividend | - Last Split | 29 Oct 1987 IPO Date |
Overview
San Juan Basin Royalty Trust, founded in 1980 and headquartered in Dallas, Texas, operates as an express trust. The core focus of the Trust is to manage and hold a 75% net overriding royalty interest in oil and natural gas properties primarily located in the San Juan Basin of northwestern New Mexico. These properties encompass an area of 119,000 net-producing acres across San Juan, Rio Arriba, and Sandoval Counties. These regions are known for their significant oil and natural gas reserves, making this trust an important player in the energy sector, particularly within the regions it operates.
Products and Services
The San Juan Basin Royalty Trust offers a unique set of products and services centered around its main asset - the 75% net overriding royalty interests in oil and natural gas extraction and production in the San Juan Basin. The specific details of these offerings include:
- Net Overriding Royalty Interest: The Trust's primary product is its 75% net overriding royalty interest, which grants it a portion of production revenues from oil and gas without bearing the operational costs. This setup provides investors with income derived from the extraction and sale of these natural resources.
- Working Interests, Royalty Interests, Overriding Royalty Interests, and Other Contractual Rights: In addition to its primary royalty interests, the Trust also holds various other interests in the oil and gas sector, including working interests, royalty interests, and overriding royalty interests, across 119,000 net-producing acres. These holdings expand the Trust's involvement in the energy sector, offering diversified exposure to oil and gas production dynamics in northwestern New Mexico.
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