Exhibit 23
June 16, 2016
San Juan Basin Royalty Trust
Compass Bank, Trustee
2200 Post Oak Blvd., Floor 19
Houston, Texas 77056
Ladies and Gentlemen:
The undersigned hereby consents to the reference to our firm in the form and context in which it appears in this Current Report on Form 8-K for the San Juan Basin Royalty Trust, including reference to the reserve reports prepared by us dated February 29, 2016 and March 2, 2015.
Sincerely,
CAWLEY, GILLESPIE & ASSOCIATES, INC.