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News Breaks | | | | January 25, 2013 | | 07:12 EDT |  | SJT | San Juan Basin Royalty Trust sees FY13 CAPEX approximately $28.5M
Compass Bank, as Trustee of the San Juan Basin Royalty Trust, announced the capital project plan for 2013 as delivered to it by Burlington Resources Oil & Gas Company. Capital expenditures for 2013 for properties subject to the Trust's royalty interest are estimated to be $28.5M. Of the $28.5M, approximately $5M will be attributable to the capital budgets for 2012 and prior years. The principal asset of the Trust is a 75% net overriding royalty interest carved out of certain oil and gas leasehold and royalty interests in properties now owned by Burlington located in the San Juan Basin and more particularly in San Juan, Rio Arriba and Sandoval counties of northwestern New Mexico. Burlington is the operator of the majority of the Underlying Properties. Burlington's announced 2013 plan for the Underlying Properties includes 412 projects. | |
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