Item 2.02. Results of Operations and Financial Condition.

On March 20, 2020, the San Juan Basin Royalty Trust (the "Trust") issued a press release, a copy of which is attached hereto as Exhibit 99.1, announcing a monthly cash distribution to the holders of its units of beneficial interest of $1,498,536.63 or $0.032151 per Unit per unit, based primarily upon production during the month of January 2020, subject to certain adjustments for prior months. The distribution is payable April 14, 2020, to unit holders of record as of March 31, 2020.

In accordance with general instruction B.2 to Form 8-K, the information in this Form 8-K shall be deemed "furnished" and not "filed" with the Securities and Exchange Commission for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise, subject to the liabilities of that section.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.



The following exhibits are filed in accordance with the provisions of Item 601
of Regulation S-K:



             Exhibit No.   Description

             99.1            Press Release, dated March 20, 2020.




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