The San Juan Basin Royalty Trust announced the capital project plan for 2017 as delivered to it by Burlington Resources Oil & Gas Company LP. Capital expenditures for 2017 for properties subject to the Trust’s royalty interest are estimated to be $1.7 million. The principal asset of the Trust is a 75% net overriding royalty interest carved out of certain oil and gas leasehold and royalty interests in properties owned by Burlington (the “Subject Interests”) located in the San Juan Basin and more particularly in San Juan, Rio Arriba and Sandoval counties of northwestern New Mexico. Burlington is the operator of the majority of the Subject Interests. Burlington’s announced 2017 plan for the Subject Interests includes 10 miscellaneous facilities projects and three well recompletions. No new drilling activity is planned for 2017. Of the $1.7 million, approximately $0.64 million will be allocated to 10 maintenance and facilities projects attributable to the capital budgets for 2016 and prior years. Burlington will be the operator of all the projects included in the 2017 plan. Capital expenditures of approximately $1.38 million were included in calculating royalty income paid to the Trust in calendar year 2016. Approximately $0.64 million covered 20 maintenance and facilities projects budgeted for prior years. The $0.74 million balance for 2016 expenditures was allocated to eight miscellaneous facilities projects and one well recompletion.