FORT WORTH, Texas--(BUSINESS WIRE)--Compass Bank, as Trustee of the San Juan Basin Royalty Trust (NYSE:SJT - News), today declared a monthly cash distribution to the holders of its units of beneficial interest of $2,530,023.76 or $0.054282 per unit, based principally upon production during the month of September 2009. The distribution is payable December 14, 2009, to Unit holders of record as of November 30, 2009.

Gas production for the properties from which the royalty was carved (the “Underlying Properties”) totaled approximately 2,853,075 Mcf (3,106,231 MMBtu). Dividing revenues by production volume yielded an average gas price for September 2009 of $2.95 per Mcf ($2.71 per MMBtu) as compared to $3.45 per Mcf ($3.17 per MMBtu) for August 2009. The average gas price may vary from the posted index price for the San Juan Basin. The index price is a gross sales price, and the revenues used in the calculation of average gas prices are net of transportation, processing and gathering costs. Furthermore, the distribution to the Trust in any given month may include significant volume adjustments for sales in prior months that reflect pricing for those prior months. Capital costs for the month were $2,247,068. Lease operating expenses were $2,099,409 and taxes were $862,610.

San Juan Basin Royalty Trust
Compass Bank
Lee Ann Anderson, Vice President & Senior Trust Officer, 866-809-4553
or
Kaye Wilke, Investor Relations, 866-809-4553
Fax: 817-735-0936
Website: www.sjbrt.com
E-mail: sjt@compassbank.com