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The San Juan Basin Royalty Trust owns a net overriding royalty interest in oil and natural gas properties in New Mexico's San Juan Basin. It generates income from production, primarily natural gas, and distributes proceeds to unit holders. The trust relies on operators like Hilcorp for property management, with distributions affected by commodity prices, production costs, and regulatory factors. It operates as a passive income vehicle with limited control over property development.
This description was generated via AI from an annual report. Updated about 1 year ago.