San Juan Basin Royalty Trust(US:SJT) Prnewswireยท2025-06-20 13:15Core Points - Argent Trust Company, as the trustee of the San Juan Basin Royalty Trust, will not declare a monthly cash distribution due to the application of net proceeds to excess production costs from Hilcorp's drilling activities in 2024 [1] - The cumulative excess production costs currently stand at approximately $14,767,940 gross, with a net amount of $11,075,955 to the Trust, reflecting a decrease of $392,317 gross from the previous month [1] - Hilcorp reported total revenue of $4,558,987 for April 2025, with gas revenues of $4,403,222 and oil revenues of $155,765 [2] - Production costs for the same month were reported at $4,201,917, which included lease operating expenses, severance taxes, and capital costs [2] - Gas volumes for April 2025 totaled 2,349,703 Mcf, showing a decrease from March 2025's volume of 2,448,569 Mcf, with an average gas price of $1.87 per Mcf, down from $2.82 per Mcf in March [3] - Trust administrative expenses for the month totaled $135,339, with interest income of $394 applied to cover part of these expenses [4] - The Trust has established a line of credit of $2,000,000 with Texas Bank to cover administrative expenses until sufficient royalty income is received [6] - As of June 18, 2025, cash reserves were utilized to pay interest on the line of credit, reducing the balance of cash reserves to $32,747 [7] - The Trust will self-publish press releases on its website starting July 21, 2025, due to the depletion of cash reserves [10]