0001193125-12-125708.txt : 20120321 0001193125-12-125708.hdr.sgml : 20120321 20120321171953 ACCESSION NUMBER: 0001193125-12-125708 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120320 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120321 DATE AS OF CHANGE: 20120321 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: 12706683 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 d319529d8k.htm FORM 8-K Form 8-K

 

 

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): March 20, 2012

 

 

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 or organization)

  

(Commission

File Number)

  

(I.R.S. Employer

Identification Number)

Compass Bank, Trust Department

300 W. 7th Street, Suite B

Fort Worth, Texas

   76102

(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.)

 

 

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:

 

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

 

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

 

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

 

¨ 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 March 20, 2012, 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 $4,009,660.40 or $0.086028 per unit, based principally upon production during the month of January 2012.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

 

  99.1 Press release, dated March 20, 2012.

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: March 21, 2012

(The Trust has no directors or executive officers.)

EX-99.1 2 d319529dex991.htm PRESS RELEASE, DATED MARCH 20, 2012 Press Release, dated March 20, 2012

Exhibit 99.1

San Juan Basin Royalty Trust

News Release

Compass Bank, Trustee

300 W. 7th Street, Suite B

Fort Worth, Texas 76102

San Juan Basin Royalty Trust

Declares Monthly Cash Distribution

FORT WORTH, Texas, March 20, 2012 — 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 $4,009,660.40 or $0.086028 per unit, based principally upon production during the month of January 2012. The distribution for March includes granted audit exceptions of $405,381 including a $279,849 adjustment for the over-accrual of ad valorem taxes. The distribution is payable April 13, 2012, to unit holders of record as of March 30, 2012.

Gas production for the properties from which the royalty was carved (the “Underlying Properties”) totaled approximately 2,706,799 Mcf (2,973,172 MMBtu). Dividing revenues by production volume yielded an average gas price for January 2012 of $4.07 per Mcf ($3.70 per MMBtu) as compared to $4.49 per Mcf ($4.18 per MMBtu) for December 2011. The average gas price may vary 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 $2,470,425. Lease operating expenses were $2,644,480 and taxes were $806,115.

 

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