San Juan Basin Royalty Trust says talks underway on $2 million credit line ahead of May 2027 maturity
SJT•San Juan Basin Royalty Trust said it is discussing an extension, renewal or replacement of its $2 million Texas Bank credit facility, which matures May 21, 2027. Outstanding principal was about $1,075,400 as of Sept. 18, 2026, and the trust is reviewing alternative funding sources.
1. Credit facility options
The trust said talks are underway on extending, renewing or replacing the Texas Bank facility, and it is reviewing other lenders, unit holders and private lenders as alternative funding sources. The trustee also said unit holders cannot direct or veto Hilcorp’s capital program and that it is monitoring spending under Hilcorp’s “prudent operator” obligation.
