May. 19 at 1:18 PM
$SJT skips May distribution as
$1.5M in net proceeds gets swallowed by excess production costs. Deficit now sits at ~
$15.16M gross. Gas prices dipped to
$2.82/Mcf (-19% MoM). No cash for unitholders until Hilcorp claws back its drilling costs. Trustee eyeing credit options to keep lights on. Rough seas ahead.
https://www.prnewswire.com/news-releases/san-juan-basin-royalty-trust-declares-no-cash-distribution-for-may-2025-302458670.html