San Juan Basin Royalty Trust announced capital project plan for 2014 as delivered to it by Burlington Resources Oil & Gas Company LP. Capital expenditures for 2014 for properties subject to the Trust's royalty interest are estimated to be $4.8 million. Of the $4.8 million, approximately $3 million will be attributable to the capital budgets for 2013 and prior years.

Burlington's announced 2014 plan for the Underlying Properties includes 100 projects. Approximately $1.8 million of the $4.8 million budget is allocable to 40 facility projects. The $3 million balance is attributable to the budgets for prior year projects and will be applied to 20 wells commenced in 2013 and prior years, and to 40 facility projects.

Burlington will be the operator of all the projects included in the 2014 plan.