| Business Summary | | San
Juan
Basin
Royalty
Trust
is
an
express
trust
with
working
interests
and
royalty
interests
in
151,900
gross
(119,000
net)
producing
acres
in
San
Juan,
Rio
Arriba
and
Sandoval
Counties
of
northwestern
New
Mexico.
Based
upon
information
received
from
the
Trust's
independent
petroleum
engineers,
the
Trust
properties
contain
3,363
gross
(975
net)
economic
wells,
including
dual
completions.
Production
from
conventional
gas
wells
is
primarily
from
the
Pictured
Cliffs,
Mesaverde
and
Dakota
formations.
During
1988,
development
of
coal
seam
reserves
in
the
Fruitland
Coal
formation
was
initiated.
The
properties
are
primarily
gas-producing
properties. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | San
Juan
Basin
Royalty
Trust
is
a
trust
between
Southland
Royalty
Co.
and
Bank
One,
TX,
NA.
SJT's
principal
asset
is
a
75%
net
overriding
royalty
interest
carved
out
of
Southland's
oil
and
gas
leasehold
and
royalty
interests
in
the
San
Juan
Basin,
NM.
For
the
six
months
ended
6/30/01,
royalty
income
totaled
$64.1
million,
up
from
$23.7
million.
Net
income
totaled
$63.5
million,
up
from
$23.1
million.
Results
reflect
higher
gas
and
oil
prices
and
an
increase
in
interest
income. | More
from
Market Guide: Significant
Developments |
| | | | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|