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San Juan Basin Royalty Trust is a publicly traded royalty trust based in Dallas, Texas. The Trust owns a 75% net overriding royalty interest in certain oil and natural gas properties located in the San Juan Basin, which spans parts of northwestern New Mexico. This interest is the primary asset of the Trust, which was established to collect monthly net proceeds from these properties and distribute them to its unit holders after covering administrative expenses. The Trust is not involved in acquiring additional properties and is strictly a passive income-generating entity for its shareholders. The company is headquartered in Dallas, Texas, and its shares are listed on the NYSE.
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Ticker symbol
SJT
Country
🇺🇸 United States