-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QtRjvj31EnEDD48QxwEI7uhwLxtXuIgBz2d8y5ztLwTgMKAzVgyosfdXwGZtGx5D oI7xG97uJpxf9VDrPPQ+yQ== 0000950134-03-016915.txt : 20031219 0000950134-03-016915.hdr.sgml : 20031219 20031219150610 ACCESSION NUMBER: 0000950134-03-016915 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031219 ITEM INFORMATION: ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031219 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SAN JUAN BASIN ROYALTY TRUST CENTRAL INDEX KEY: 0000319655 STANDARD INDUSTRIAL CLASSIFICATION: OIL ROYALTY TRADERS [6792] IRS NUMBER: 756279898 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08032 FILM NUMBER: 031064988 BUSINESS ADDRESS: STREET 1: TEXASBANK, TRUST DEPARTMENT STREET 2: 2525 RIDGMAR BOULEVARD SUITE 100 CITY: FORT WORTH STATE: TX ZIP: 76116 BUSINESS PHONE: 8668094553 MAIL ADDRESS: STREET 1: TEXASBANK, TRUST DEPARTMENT STREET 2: 2525 RIDGMAR BOULEVARD SUITE 100 CITY: FORT WORTH STATE: TX ZIP: 76116 8-K 1 d11400e8vk.htm FORM 8-K e8vk
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 19, 2003

San Juan Basin Royalty Trust

(Exact name of registrant as specified in its charter)
         
Texas   1-8032   75-6279898
(State or other
jurisdiction of incorporation)		   (Commission File Number)   (I.R.S. Employer
Identification Number)
         
TexasBank, Trust Department        
2525 Ridgmar Boulevard, Suite 100        
Fort Worth, Texas       76116
(Address of principal
executive offices)		       (Zip code)

Registrant’s telephone number, including area code: (866) 809-4553

N/A
(Former name or former address, if changed since last report.)

 

Item 7. Financial Statements and Exhibits.
Item 12. Results of Operations and Financial Condition.
SIGNATURES
EX-99.1 Press Release

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Item 7. Financial Statements and Exhibits.

  (c)   Exhibits.

  99.1   Press release, dated December 19, 2003.

Item 12. Results of Operations and Financial Condition.

     On December 19, 2003, TexasBank, in its capacity as trustee of the San Juan Basin Royalty Trust, issued a press release, a copy of which is attached hereto as Exhibit 99.1, announcing a monthly cash distribution to the holders of its units of beneficial interest of $6,967,425.55, or $0.149487 per unit, based principally upon production during the month of October 2003.

     In accordance with general instruction B.6 to Form 8-K, the information in this Form 8-K shall be deemed “furnished” and not “filed” with the Securities and Exchange Commission for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section.

 

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SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

         
    TEXASBANK, AS TRUSTEE FOR THE
SAN JUAN BASIN ROYALTY TRUST
(Registrant)
         
    By:   /s/ Lee Ann Anderson
       
        Lee Ann Anderson
        Vice President and Trust Officer
         
Date: December 19, 2003        

(The Trust has no directors or executive officers.)

  EX-99.1 3 d11400exv99w1.htm EX-99.1 PRESS RELEASE exv99w1

 

EXHIBIT 99.1

San Juan Basin Royalty Trust

TexasBank, Trustee
2525 Ridgmar Boulevard Suite 100
Fort Worth, Texas 76116

  NEWS RELEASE

San Juan Basin Royalty Trust

Declares Monthly Cash Distribution

FORT WORTH, Texas, December 19, 2003 — TexasBank, as Trustee of the San Juan Basin Royalty Trust, today declared a monthly cash distribution to the holders of its units of beneficial interest of $6,967,425.55 or $0.149487 per unit, based principally upon production during the month of October 2003. The distribution is payable January 15, 2004, to unit holders of record as of December 31, 2003. Gas production for the properties from which the royalty was carved (the “Underlying Properties”) totaled approximately 3,713,082 Mcf (4,094,770 MMBtu). Dividing revenues by production volume yielded an average gas price for October 2003 of $3.68 per Mcf ($3.34 per MMBtu) as compared to $3.68 per Mcf ($3.46 per MMBtu) for September 2003. The average gas price may vary significantly from the posted index price for the San Juan Basin. The index price is a gross sales price, and the revenues used in the calculation of average gas prices are net of transportation, processing and gathering costs. Furthermore, the distribution to the Trust in any given month may include significant volume adjustments for sales in prior months that reflect pricing for those prior months. Capital costs for the month were $1,737,462. Lease operating expense was $1,168,322 and taxes were $1,495,535.

The subject gas is marketed by Burlington Resources Oil & Gas Company LP in two packages to Duke Energy and Marketing, L.L.C. and PNM Gas Services, respectively, under contracts ending March 31, 2005. Burlington has informed the Trust that it has entered into an Assignment and Novation Agreement pursuant to which the rights and obligations of Duke will be assigned to and assumed by ConocoPhillips Company effective as of January 1, 2004.

     
Contact:   Lee Ann Anderson, Vice President and Trust Officer
    Kaye Wilke, Investor Relations, toll-free: (866) 809-4553
    Fax: (817) 735-0936
     
    Website: www.sjbrt.com
    e-mail: sjt@texasbank.com
    NYSE Ticker Symbol: SJT

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