Workflow
San Juan Basin Royalty Trust Announces Hilcorp's 2025 Capital Plan
SJTSan Juan Basin Royalty Trust(SJT) Prnewswire·2025-02-13 21:15

Core Viewpoint - Hilcorp Energy Company has provided its 2025 capital project plan for the San Juan Basin Royalty Trust, estimating capital expenditures of approximately 9.0millionfortheyear[1][2].Group1:2025CapitalExpenditurePlan−The2025Planincludes29projects,with9.0 million for the year [1][2]. Group 1: 2025 Capital Expenditure Plan - The 2025 Plan includes 29 projects, with 4.0 million allocated to seven new vertical drill projects in the Dakota/Mesaverde formations [2]. - Approximately 4.5millionisdesignatedfor22projectsfocusedonrecompletionsandworkoversintheFruitlandCoalformation[2].−Theremaining4.5 million is designated for 22 projects focused on recompletions and workovers in the Fruitland Coal formation [2]. - The remaining 0.5 million will be used for facilities projects related to natural gas compression and other facility improvements [2]. - Hilcorp noted that the project status for 2025 may change if underlying assumptions are revised, and actual costs may differ from estimates [2]. Group 2: 2024 Capital Expenditure Overview - For 2024, Hilcorp projected capital expenditures of approximately 34.0million,withactualexpendituresfromJanuarytoNovembertotalingaround34.0 million, with actual expenditures from January to November totaling around 33.6 million [3]. - Of the 2024 expenditures, approximately 24.6millionwasspentontwonewhorizontaldrillingprojectsintheMancosformation[3].−Anestimated24.6 million was spent on two new horizontal drilling projects in the Mancos formation [3]. - An estimated 8.0 million was allocated for recompletions and workovers, while about $1.0 million was spent on facilities projects related to natural gas compression [3].