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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950134-03-006355.txt : 20030424
<SEC-HEADER>0000950134-03-006355.hdr.sgml : 20030424
<ACCEPTANCE-DATETIME>20030424113924
ACCESSION NUMBER:		0000950134-03-006355
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030417
ITEM INFORMATION:		Financial statements and exhibits
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20030424

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAN JUAN BASIN ROYALTY TRUST
		CENTRAL INDEX KEY:			0000319655
		STANDARD INDUSTRIAL CLASSIFICATION:	OIL ROYALTY TRADERS [6792]
		IRS NUMBER:				756279898
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08032
		FILM NUMBER:		03661521

	BUSINESS ADDRESS:	
		STREET 1:		BANK ONE TEXAS N A TRUST
		CITY:			FT WORTH
		STATE:			TX
		ZIP:			76113
		BUSINESS PHONE:		8178844630

	MAIL ADDRESS:	
		STREET 1:		1600 BANK ONE TOWER
		STREET 2:		500 THROCKMORTON
		CITY:			FORT WORTH
		STATE:			TX
		ZIP:			76102-3899
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d05144e8vk.txt
<DESCRIPTION>FORM 8-K
<TEXT>
<PAGE>
- --------------------------------------------------------------------------------

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                   ----------




                                    FORM 8-K
                                 CURRENT REPORT

                         PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

        DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): APRIL 17, 2003


                                   ----------

                          SAN JUAN BASIN ROYALTY TRUST
             (Exact name of registrant as specified in its charter)


<Table>
<S>                                  <C>                            <C>
            Texas                             1-8032                      75-6279898
       (State or other               (Commission File Number)          (I.R.S. Employer
jurisdiction of incorporation)                                      Identification Number)

 TexasBank, Trust Department
    2525 Ridgmar Boulevard                                                   76116
      Fort Worth, Texas                                                   (Zip code)
    (Address of principal
      executive offices)
</Table>

       Registrant's telephone number, including area code: (866) 809-4553

                                       N/A
         (Former name or former address, if changed since last report.)

- --------------------------------------------------------------------------------



<PAGE>
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

         99.1 Press release, dated April 17, 2003.

ITEM 9. REGULATION FD DISCLOSURE (INCLUDING INFORMATION PROVIDED UNDER ITEM 12,
"RESULTS OF OPERATIONS AND FINANCIAL CONDITION")

         The following information is furnished to the Commission under both
Item 9 and Item 12. The information required by Item 12 is being furnished
pursuant to this Item 9 in accordance with the interim guidance provided by
the Securities and Exchange Commission in "Filing Guidance Related To:
Conditions for Use of Non-GAAP Financial Measures; and Insider Trades During
Pension Fund Blackout Periods." (Release No., 33-8216, March 27, 2003).

         On April 17, 2003, TexasBank, in its capacity as trustee of the San
Juan Basin Royalty 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 $7,375,107.65, or $0.158234 per unit, based
upon production during the month of February 2003.

         The information filed 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 Exchange Act of 1934, as amended.



<PAGE>

                                   SIGNATURES


         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                       TEXASBANK, AS TRUSTEE FOR THE
                                       SAN JUAN BASIN ROYALTY TRUST
                                       (Registrant)



                                       By: /s/ Lee Ann Anderson
                                          --------------------------------------
                                          Lee Ann Anderson
                                          Vice President and Trust Officer

Date: April 24, 2003

               (The Trust has no directors or executive officers.)


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>d05144exv99w1.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
<PAGE>
                                                                    EXHIBIT 99.1


SAN JUAN BASIN ROYALTY TRUST

TexasBank, Trustee
2525 Ridgmar Boulevard
Fort Worth, Texas  76116


                                                 NEWS RELEASE


SAN JUAN BASIN ROYALTY TRUST
DECLARES MONTHLY CASH DISTRIBUTION


FORT WORTH, Texas, April 17, 2003 - TexasBank, as Trustee of the San Juan Basin
Royalty Trust, today declared a monthly cash distribution to the holders of its
units of beneficial interest of $7,375,107.65, or $0.158234 per unit, based upon
production during the month of February 2003. The distribution is payable May
14, 2003, to unit holders of record as of April 30, 2003. Gas production for the
properties from which the royalty was carved (the "Underlying Properties")
totaled approximately 3,267,820 Mcf (3,618,188 MMBtu). Dividing gross revenues
by production volume yielded an average gas price for February 2003 of $4.60 per
Mcf ($4.16 per MMBtu) as compared to $3.91 per Mcf ($3.66 per MMBtu) for January
2003. Capital costs for the month were $1,093,409. Lease operating expense was
$1,417,385 and taxes were $1,574,430. Burlington Resources Oil & Gas Company LP,
the operator of certain of the Underlying Properties, has deducted the sum of
$901,776 from this month's distribution as the amount of the Trust's portion of
a settlement with the Mineral Management Service of the United States Department
of the Interior and the Jicarilla Apache Nation.




Contact:          Lee Ann Anderson, Vice President and Trust Officer
                  Kaye Wilke, Investor Relations, toll-free: (866) 809-4553
                  Fax: (817) 735-0936

                  Website: www.sjbrt.com
                  e-mail: sjt@texasbank.com
                  NYSE Ticker Symbol: SJT

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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