Hugoton Royalty Trust declares no May 2024 cash distribution due to excess costs

HUGOTON ROYALTY TRUST

No May 2024 distribution; cash reserve reduced by $21k for expenses.
Kansas excess costs up $127k to $1.193M; Oklahoma up $128k to $1.669M.
Wyoming excess costs up $1.183M to $3.834M; includes $102k accrued interest.
Four non-operated wells in OK: $7.5M net development costs charged to Trust.
Arbitration panel rules ~$14.6M of Chieftain settlement chargeable as cost, likely halting OK distributions.

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