2022年10月21日

休斯顿-(商业通讯)- pnc银行，全国协会，作为圣胡安盆地特许权使用费信托基金(“信托基金”)(纽约证券交易所:SJT)的受托人(“受托人”)，今天宣布向其受益权益单位(“单位”)的持有人(“单位持有人”)每月现金分配16,272,132.13美元或每单位0.349121美元，主要基于信托基金主体权益(“主体权益”)在2022年8月的报告产量。分配将于2022年11月15日支付给截至2022年10月31日的记录单位持有人。在2022年8月的生产月份，主体权益的所有者Hilcorp San Juan L.P.和主体权益的运营商Hilcorp能源公司(合称“Hilcorp”)向信托报告净利润为21,815,782美元(信托的净特许权使用费为16,361,837美元)。Hilcorp报告称，在2022年8月的生产月份，主题权益的总收入为26,014,687美元，其中包括15,653,743美元的天然气收入，282,139美元的石油收入，10,057,015美元的其他收入和与Hilcorp流程审查相关的调整相关的利息，以及与上月批准的审计例外相关的额外利息21,790美元。对于标的权益，Hilcorp报告了2022年8月生产月份的4,198,905美元的生产成本，其中包括2,088,259美元的租赁运营费用、1,823,465美元的遣散税和287,180美元的资本成本。根据Hilcorp向信托公司提供的信息，2022年8月主体权益的天然气产量总计为2,0764,29 Mcf (2,307,144 MMBtu)，而2022年7月为1,987,430 Mcf (2,208,256 MMBtu)。将天然气收入除以产量，得出2022年8月的平均天然气价格为7.54美元/千立方英尺(6.78美元/百万英热)，而2022年7月的平均天然气价格为5.35美元/千立方英尺(4.82美元/百万英热)。根据信托顾问建议批准的市场敏感和习惯协议，继续收集、处理和销售主题权益的产品。受托人继续与Hilcorp就其向信托的持续会计和报告进行接触，信托的第三方合规审计员继续审计Hilcorp向信托的付款，包括销售收入、生产成本、资本支出、调整、实施和补偿。信托的审计过程还包括对希尔科的定价和费率的详细分析。 As previously disclosed in the Trust’s filings, these revenues and costs (along with all costs) are the subject of the Trust’s ongoing comprehensive audit process by our professional consultants and outside counsel to ensure full compliance with all the underlying operative Trust agreements and evaluating all available potential remedies in the event there is evidence of non-compliance. Except for historical information contained in this news release, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements generally are accompanied by words such as “estimates,” “anticipates,” “could,” “plan,” or other words that convey the uncertainty of future events or outcomes. Forward-looking statements and the business prospects of San Juan Basin Royalty Trust are subject to a number of risks and uncertainties that may cause actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, certain information provided to the Trust by Hilcorp, volatility of oil and gas prices, governmental regulation or action, litigation, and uncertainties about estimates of reserves. These and other risks are described in the Trust’s reports and other filings with the Securities and Exchange Commission. Contacts PNC Bank, National Association