San Juan Basin Royalty Trust is an express trust in Texas that holds a 75% net overriding royalty interest in oil and natural gas interests. It includes working interests, royalty interests, overriding royalty interests, and other contractual rights in 119,000 net producing acres located in northwestern New Mexico. The company's trustee is BBVA USA, and it was established in 1980 and is headquartered in Houston, Texas.