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San Juan

 

City (pop., 2000: metro. area, 421,958), seaport, and capital of Puerto Rico. It was visited in 1508 by Juan Ponce de León and founded in the early 16th century by the Spanish. It became heavily fortified and was a starting point for expeditions to unknown parts of the New World. Several times it was attacked by the British, including Francis Drake in 1595. In 1898, during the Spanish-American War, San Juan fell to the U.S. The city expanded rapidly in the 20th century and is one of the major ports and tourist resorts of the West Indies. Industries include petroleum and sugar refining, brewing, and distilling. San Juan is the commonwealth's financial capital and many U.S. banks and corporations maintain offices there. El Morro and San Cristóbal fortifications are among the city's historic remnants.

For more information on San Juan, visit Britannica.com.

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Hoover's Profile: San Juan Basin Royalty Trust
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(NYSE:SJT)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
San Juan Basin Royalty Trust
Compass Bank, Trust Department, 2525 Ridgmar Blvd., Ste 100
Fort Worth, TX 76116
TX Tel. 866-809-4553
Fax 817-735-0936

Type: Public
On the web: http://www.sjbrt.com
Employees: 0

Trusting in the power of rising oil prices to keep investors happy has been a good strategy for San Juan Basin Royalty Trust. The trust owns working and royalty interests in oil and gas properties in the San Juan Basin of northwestern New Mexico. Carved from interests owned by Southland Royalty (now controlled by ConocoPhillips), San Juan Basin Royalty Trust's holdings consist of a 75% stake in about 151,900 gross (119,000 net)productive acres in San Juan, Rio Arriba, and Sandoval counties. The property contains 3,823 gross producing wells with estimated proved reserves of 249,000 barrels of oil and more than 156.3 billion cu. ft. of natural gas.

Key numbers for fiscal year ending December, 2008:
Sales: $145.0M
One year growth: 27.4%
Net income: $143.1M
Income growth: 26.4%

Officers:
VP and Senior Trust Officer, Compass Bank, Trustee: Royalty Trusts

Competitors:
Cross Timbers Royalty Trust
Mesa Royalty Trust
Sabine Royalty Trust

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