secwatch.observer — SEC 8-K summary
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Issuer:     HUGOTON ROYALTY TRUST (HGTXU)
CIK:        0000862022
Form:       8-K
Filed at:   2024-04-19T23:59:59+00:00
Accession:  0000950170-24-045829
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hugoton Royalty Trust declares no April 2024 cash distribution due to excess costs
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- No monthly cash distribution for April 2024; cash reserve reduced by $84,000 for trust expenses.
- Underlying volumes: 500,000 Mcf gas at $3.45/Mcf, 11,000 Bbls oil at $72.91/Bbl for current month.
- Excess costs rose on all three conveyances: Kansas +$29,000 (cum. $1,059K), Oklahoma +$402K ($1,531K), Wyoming +$454K ($2,633K).
- Development costs for four non-operated Oklahoma wells total $7.5M net to Trust; fourth well completed Q1 2024.
- Arbitration panel: Trust must pay share of $48M Chieftain settlement; estimated $14.6M net chargeable as excess cost.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/862022/000095017024045829/0000950170-24-045829-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/862022/000095017024045829/hgt_8-k_2404_distributio.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-045829

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