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EXHIBIT 99.1
[SAN JUAN BASIN ROYALTY TRUST - NEWS RELEASE STATIONERY]
NEWS RELEASE
SAN JUAN BASIN ROYALTY TRUST
REPORTS INCREASE IN CAPITAL BUDGET
FORT WORTH, Texas, October 27, 2000 -- Bank One, Texas, N.A., as Trustee of the
San Juan Basin Royalty Trust (the "Trust"), today reported that Burlington
Resources Oil & Gas Company has revised the capital budget estimate for
properties subject to the Trust's royalty interest upward from $18.5 million to
$24.5 million for calendar year 2000. The principal asset of the Trust consists
of a 75% net overriding royalty interest carved out of certain oil and gas
leasehold and royalty interests in the San Juan Basin located in San Juan, Rio
Arriba and Sandoval Counties of northwestern New Mexico (the "Trust
Properties"). Burlington is the operator of most but not all of the Trust
Properties. The Trust Properties have historically produced gas primarily from
the Fruitland Coal, Pictured Cliffs, Mesaverde and Dakota formations.
The projected increase is to cover the costs of (a) the drilling of six new
wells on Trust Properties not operated by Burlington; (b) multiple completions
to the Dakota and Pictured Cliffs formations in wells heretofore budgeted for
completion only to the Mesaverde formation; and (c) additional tubing and other
facilities at existing wells, as required to maintain production in the face of
an increase in pressure on the gathering system operated by Williams Field
Services on which gas produced from those wells is transported.
# # #
Contact: Lee Ann Anderson, Vice President
Bank One, Texas, N.A.
Phone: (817) 884-4630
