e8vk

0000950134-08-011586.txt : 20080620 0000950134-08-011586.hdr.sgml : 20080620 20080620161608 ACCESSION NUMBER: 0000950134-08-011586 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080620 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080620 DATE AS OF CHANGE: 20080620 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: 08910250 BUSINESS ADDRESS: STREET 1: COMPASS BANK, TRUST DEPARTMENT STREET 2: 2525 RIDGMAR BOULEVARD SUITE 100 CITY: FORT WORTH STATE: TX ZIP: 76116 BUSINESS PHONE: 8668094553 MAIL ADDRESS: STREET 1: COMPASS BANK, TRUST DEPARTMENT STREET 2: 2525 RIDGMAR BOULEVARD SUITE 100 CITY: FORT WORTH STATE: TX ZIP: 76116 8-K 1 d57880e8vk.htm FORM 8-K e8vk

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): June 20, 2008

San Juan Basin Royalty Trust

(Exact name of registrant as specified in the
Amended and Restated San Juan Basin Royalty Trust Indenture)


Texas	1-8032	75-6279898
(State or other jurisdiction of incorporation	(Commission File Number)	(I.R.S. Employer
or organization)		Identification Number)

Compass Bank, Trust Department
2525 Ridgmar Boulevard, Suite 100		76116
Fort Worth, Texas		(Zip Code)
(Address of principal
executive offices)

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

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

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

On June 20, 2008, the San Juan Basin Royalty Trust (the “Trust”) issued a press release, a copy of which is attached hereto as Exhibit 99.1, announcing, among other things, a monthly cash distribution to the holders of its units of beneficial interest of $13,954,569.36, or $0.299398 per unit, based principally upon production during the month of April 2008.

Item 9.01 Financial Statements and Exhibits.

(d)

Exhibits.

99.1

Press release, dated June 20, 2008.

In accordance with general instruction B.2 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 liabilities of that section.

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 hereunto duly authorized.


	COMPASS BANK, AS TRUSTEE FOR THE SAN JUAN BASIN ROYALTY TRUST (Registrant)
	By:	/s/ Lee Ann Anderson
		Lee Ann Anderson
		Vice President and Senior Trust Officer

Date: June 20, 2008

(The Trust has no directors or executive officers.)

EX-99.1 2 d57880exv99w1.htm PRESS RELEASE exv99w1

Exhibit 99.1

San Juan Basin Royalty Trust

News Release

Compass Bank, Trustee
2525 Ridgmar Boulevard, Suite 100
Fort Worth, Texas 76116

San Juan Basin Royalty Trust
Declares Monthly Cash Distribution

FORT WORTH, Texas, June 20, 2008 — Compass Bank, as Trustee of the San Juan Basin Royalty Trust (NYSE:SJT), today declared a monthly cash distribution to the holders of its units of beneficial interest of $13,954,569.36 or $0.299398 per unit, based principally upon production during the month April 2008. The distribution is payable July 15, 2008, to unit holders of record as of June 30, 2008.

Gas production for the properties from which the royalty was carved (the “Underlying Properties”) totaled approximately 2,902,141 Mcf (3,147,473 MMBtu). Dividing revenues by production volume yielded an average gas price for April 2008 of $8.73 per Mcf ($8.05 per MMBtu) as compared to $8.57 per Mcf ($7.90 per MMBtu) for March 2008. 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 $1,824,624. Lease operating expenses were $2,659,029 and taxes were $2,414,334.


Contact:		San Juan Basin Royalty Trust
		Compass Bank
		Lee Ann Anderson, Vice President & Senior Trust Officer
		Kaye Wilke, Investor Relations, toll-free: (866) 809-4553

		Fax: (817) 735-0936
		Website: www.sjbrt.com
		e-mail: sjt@compassbank.com