San Juan Basin Royalty Trust Declares No Cash Distribution for July 2024 and Announces Production Costs in Excess of Proceeds

Hilcorp will charge the excess production costs of approximately $4,888,522 gross ($3,666,391 net to the Trust) to the next month's distribution. No cash distributions will be made by the Trust until future net proceeds are sufficient to pay then-current Trust liabilities and replenish cash reserves. This month's Trust administrative expenses totaled $53,688. Interest income received by the Trust in the amount of $6,482 will be applied to cover a portion of this month's Trust administrative expenses, with c ...