SAN JUAN BASIN ROYALTY TRUST Logo

SAN JUAN BASIN ROYALTY TRUST

A passive trust distributing oil and gas royalty income to investors from its properties.

SJT | US

Overview

Corporate Details

ISIN(s):
US7982411057
LEI:
Country:
United States of America
Address:
C/O ARGENT TRUST COMPANY, DALLAS
Sector:
Mining and quarrying
Industry:
Extraction of natural gas

Description

San Juan Basin Royalty Trust is a grantor trust established in 1980. The Trust's principal asset is a 75% net overriding royalty interest in oil and gas properties located in the San Juan Basin of northwestern New Mexico. The primary function of the Trust, managed by a trustee, is to collect the monthly net proceeds attributable to this royalty interest and distribute them to the Trust's unit holders. As a passive investment vehicle, the Trust is prohibited from acquiring additional properties or engaging in any new business or commercial activities. The underlying properties are operated by Hilcorp San Juan LP. The Trust serves as a vehicle for investors to receive income derived from the production and sale of natural gas and crude oil from its specified interests.

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Insider Transactions

Date Insider Name Position Type Shares Value
No insider transactions recorded for this company.

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