San Juan Basin Royalty Trust announced it will not declare a monthly cash distribution for October 2026, as proceeds from its subject interests remain insufficient to cover a multi-million dollar capital cost deficit. While natural gas pricing and production volumes showed marginal improvements during the August production month, the Trust continues to apply all net proceeds toward the $9.3 million net production cost balance.
Key Highlights
- Cumulative net excess production costs stood at $9,317,264, reflecting a modest $97,836 reduction from the prior month's deficit balance.
- Total revenue from the subject interests reached $4.87 million in August, consisting of $4.69 million in gas revenue and $0.18 million in oil revenue.
- The Trust drew $80,101 from its Texas Bank line of credit to fund administrative expenses, bringing the total outstanding principal balance to $1.16 million.