San Juan Basin Royalty Trust Declares Cash Distribution for February 2023 and Announces Hilcorp’s 2023 Capital Plan
The distribution is payable March 14, 2023, to the Unit Holders of record as of February 28, 2023.
- The distribution is payable March 14, 2023, to the Unit Holders of record as of February 28, 2023.
- Hilcorp has also provided the Trust with its 2023 capital project plan for the Subject Interests (the “2023 Plan”), and Hilcorp has estimated its 2023 capital expenditures for the Subject Interests to be $4.4 million.
- Hilcorp further informed the Trust that its planned project status for 2023 is subject to revision if Hilcorp revises its assumptions underlying the 2023 Plan, and that actual capital costs may vary from these estimates.
- Hilcorp’s actual capital expenditures during its 2022 accounting period (which corresponds to the Trust’s distribution months of March 2022 through February 2023), totaled approximately $1 million.