Brief: San Juan Basin Royalty Trust announces settlement of litigation with Burlington

San Juan Basin Royalty Trust

18/09/2017 14:03

Sept 18 (Reuters) - San Juan Basin Royalty Trust  SJT.N   
    * Announced San Juan Basin Royalty Trust entered into a 
compromise settlement agreement with Burlington Resources Oil & 
Gas Company LP 
    * Settlement agreement provides that Burlington pay trust 
$7.5 million to resolve 2014 litigation 
    * Settlement deal includes mutual release of each party for 
claims or damages arising out of acts occurring prior to Jan 1, 
2017 
    * Settlement agreement to resolve disputed and/or unresolved 
audit exceptions asserted by trust for audit yrs Jan 1, 2007 
through Dec 31, 2016 
 
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