EXHIBIT 99.1

                                                                    NEWS RELEASE

SAN JUAN BASIN ROYALTY TRUST
ANNOUNCES ELECTION OF TEXASBANK AS TRUSTEE


     FORT WORTH, Texas, September 30, 2002 -- San Juan Basin Royalty Trust (NYSE
Symbol: SJT) (the "Trust") announced that, at the special meeting of Unit
Holders held earlier today, the Unit Holders appointed TexasBank as the
successor trustee of the Trust. The resignation of Bank One, N.A., the prior
trustee of the Trust, took effect immediately following the adjournment of the
special meeting.

     In addition to the appointment of TexasBank, Unit Holders also approved
three separate proposals amending the Indenture, the governing document of the
Trust. The proposals approved and adopted by the Unit Holders included
ministerial amendments to the Indenture, amendments regarding indemnification,
and amendments addressing permitted investments and the fees earned by the
Trustee.

     The San Juan Basin Royalty Trust is a grantor royalty trust, the principal
asset of which is a 75% net overriding royalty interest carved out of certain
oil and gas leasehold and royalty interests in the San Juan Basin located in San
Juan, Rio Arriba and Sandoval Counties of northwestern New Mexico. Certain of
those properties are operated by Burlington Resources Oil & Gas Company L.P.

Contact: Kaye Wilke, Investor Relations, toll-free: (866) 809-4553
         Website: www.sjbrt.com
         e-mail: sjt@texasbank.com
         NYSE Ticker Symbol: SJT