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Exhibit 23
[Cawley, Gillespie & Associates, Inc., letterhead]
March 1, 2013
San Juan Basin Royalty Trust
Compass Bank, Trustee
300 W. 7th St., Suite B
Fort Worth, Texas 76102
Ladies and Gentlemen:
Cawley, Gillespie & Associates, Inc. hereby consents to the use of the oil and gas reserve information in the San Juan Basin Royalty Trust Securities and Exchange Commission Form 10-K for the year ended December 31, 2012 and in the San Juan Basin Royalty Trust Annual Report for the year ended December 31, 2012 based on reserve reports prepared by Cawley, Gillespie & Associates, Inc. and dated March 1, 2013.
| Sincerely, | ||
/s/ Cawley, Gillespie & Associates, Inc. | ||
| CAWLEY, GILLESPIE & ASSOCIATES, INC. | ||