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Exhibit 23
March 2, 2020
San Juan Basin Royalty Trust
BBVA USA, Trustee
2200 Post Oak Blvd., Floor 18
Houston, Texas 77056
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 Form10-K for the year ended December 31, 2019 and in the San Juan Basin Royalty Trust Annual Report for the year ended December 31, 2019 based on reserve reports prepared by Cawley, Gillespie & Associates, Inc. and dated March 2, 2020.
Sincerely, |
CAWLEY, GILLESPIE & ASSOCIATES, INC. |