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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950134-03-010405.txt : 20030723
<SEC-HEADER>0000950134-03-010405.hdr.sgml : 20030723
<ACCEPTANCE-DATETIME>20030723123007
ACCESSION NUMBER:		0000950134-03-010405
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030721
ITEM INFORMATION:		Financial statements and exhibits
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20030723

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:		03797781

	BUSINESS ADDRESS:	
		STREET 1:		TEXASBANK, TRUST DEPARTMENT
		STREET 2:		2525 RIDGMAR BOULEVARD SUITE 100
		CITY:			FORT WORTH
		STATE:			TX
		ZIP:			76116
		BUSINESS PHONE:		8668094553

	MAIL ADDRESS:	
		STREET 1:		TEXASBANK, TRUST DEPARTMENT
		STREET 2:		2525 RIDGMAR BOULEVARD SUITE 100
		CITY:			FORT WORTH
		STATE:			TX
		ZIP:			76116
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d07602e8vk.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): JULY 21, 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, Suite 100                                        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 July 21, 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 Securities and Exchange
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 July 21, 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 $6,763,810.07, or $0.145119 per unit, based upon
production during the month of May 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: July 23, 2003

               (The Trust has no directors or executive officers.)



<PAGE>

                               INDEX TO EXHIBITS

<Table>
<Caption>
EXHIBIT
NUMBER         DESCRIPTION
- -------        -----------
<S>            <C>
 99.1          Press release, dated July 21, 2003.
</Table>



</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>d07602exv99w1.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
<PAGE>


                                                                    EXHIBIT 99.1


SAN JUAN BASIN ROYALTY TRUST


TexasBank, Trustee
2525 Ridgmar Boulevard, Suite 100
Fort Worth, Texas  76116

                                                       NEWS RELEASE


SAN JUAN BASIN ROYALTY TRUST
DECLARES MONTHLY CASH DISTRIBUTION


FORT WORTH, Texas, July 21, 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 $6,763,810.07 or $0.145119 per unit, based upon
production during the month of May 2003. The distribution is payable August 14,
2003, to unit holders of record as of July 31, 2003. Gas production for the
properties from which the royalty was carved (the "Underlying Properties")
totaled approximately 3,898,927 Mcf (4,200,599 MMBtu). Dividing gross revenues
by production volume yielded an average gas price for May 2003 of $3.24 per Mcf
($3.01 per MMBtu) as compared to $3.42 per Mcf ($3.10 per MMBtu) for April 2003.
Capital costs for the month were $784,841. Lease operating expense was
$1,550,630 and taxes were $1,264,911.


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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