San Juan Basin Royalty Trust declares no October cash distribution amid excess production costs
SJT•San Juan Basin Royalty Trust will make no October 2026 cash distribution because of accumulated excess production costs and low natural gas prices. Net excess costs totaled $9.32 million, while August production revenue was $4.87 million against $4.74 million in production costs.
1. Distribution suspended
The trust said it will make no October 2026 cash distribution. Distributions remain suspended until excess production costs are repaid, a $2 million reserve is replenished, and line-of-credit principal and interest are repaid. Net accumulated excess costs were $9.32 million, down $97,836 from the prior month.
2. August production figures
August production revenue totaled $4.87 million, compared with production costs of $4.74 million, excluding accumulated excess costs. Average gas prices rose to $2.28 per Mcf from $2.01 in July, and gas volumes were 2,057,618 Mcf, up from 2,046,556 Mcf.
