San Juan Basin Royalty Trust (NYSE:SJT) Files An 8-K Other EventsItem 8.01. Other Events.
On August7, 2017, the San Juan Basin Royalty Trust (the “Trust”) issued a press release announcing that the Trust had confirmed that Hilcorp San Juan, L.P., an affiliate of Hilcorp Energy Co. (“Hilcorp”), acquired ConocoPhillips’ assets in the San Juan Basin, including certain oil and natural gas interests burdened by the Trust that were previously owned by Burlington Resources Oil& Gas Company LP (“Burlington”), a wholly-owned subsidiary of ConocoPhillips.
The Trust has been coordinating with Hilcorp to transition the processes previously performed by Burlington, and looks forward to working with Hilcorp and its affiliates as the new operator of the properties.
A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 8.01. Financial Statements and Exhibits.
The following exhibits are filed in accordance with the provisions of Item 601 of Regulation S-K:
|99.1||Press Release, dated August 7, 2017.|
SAN JUAN BASIN ROYALTY TRUST ExhibitEX-99.1 2 d431782dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 San Juan Basin Royalty Trust News Release San Juan Basin Royalty Trust ConocoPhillips Completes Sale of San Juan Basin Assets to Hilcorp FORT WORTH,…To view the full exhibit click
About San Juan Basin Royalty Trust (NYSE:SJT)
San Juan Basin Royalty Trust is an express trust. The principal asset of the Trust is Royalty. Its underlying properties include the working, royalty and other oil and natural gas interests owned by Southland Royalty Company in properties located in the San Juan Basin of northwestern New Mexico. The Trust does not operate the Underlying Properties and does not carry on any business activity. The Trust is a widely held fixed investment trust (WHFIT) and is classified as a non-mortgage widely held fixed investment trust (NMWHFIT) for federal income tax purposes. Burlington Resources Oil & Gas Company LP is the principal operator of the Underlying Properties. The Trustee of the Trust is Compass Bank, which is a subsidiary of Banco Bilbao Vizcaya Argentaria, S.A.