San Juan Basin Royalty Trust

San Juan Basin Royalty Trust operates as an express trust in Texas. It holds a 75% net overriding royalty interest in Southland's oil and natural gas interests in properties in the San Juan Basin of northwestern New Mexico. Its subject interests include working interests, royalty interests, overriding royalty interests, and other contractual rights across 119,000 net-producing acres in San Juan, Rio Arriba, and Sandoval Counties of northwestern New Mexico. The trust was incorporated in 1980 and is based in Dallas, Texas.