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SAN JUAN BASIN RO, (SJT) Stock Research Free Stock Rating
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San Juan Basin Royalty Trust (SJBRT) operates as an express trust. It owns a 75% net overriding royalty interest carved out of Burlington Resources Oil & Gas Company LP's oil and gas leasehold and royalty interest in the San Juan Basin of northwestern New Mexico. SJBRTs underlying interests consist of working interests, royalty interests, overriding royalty interests, and other contractual rights in 151,900 gross (119,000 net) producing acres in San Juan, Rio Arriba, and Sandoval Counties of northwestern New Mexico. As of December 31, 2003, the trust properties contained 3,946 gross (1,170 net) economic wells, including dual completions. For federal income tax purposes, SJBRT is taxed as a grantor trust, which is not subject to tax at the trust level. The trust was established in 1980 and is based in Fort Worth, Texas.
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