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BRIEF-San Juan Basin Royalty Trust announces settlement of litigation with Burlington
September 18, 2017 / 1:41 PM / in 3 months

BRIEF-San Juan Basin Royalty Trust announces settlement of litigation with Burlington

Sept 18 (Reuters) - San Juan Basin Royalty Trust

* 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​ Source text for Eikon: Further company coverage:

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