secwatch.observer — SEC 8-K summary
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Issuer:     HUGOTON ROYALTY TRUST (HGTXU)
CIK:        0000862022
Form:       8-K
Filed at:   2024-06-17T23:59:59+00:00
Accession:  0000950170-24-074059
Event type: dividend
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hugoton Royalty Trust declares no June 2024 distribution; excess costs remain
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- No June 2024 cash distribution; all three conveyances in excess cost positions.
- Underlying sales: 724,000 Mcf gas at $2.16/Mcf; 19,000 Bbl oil at $77.86/Bbl.
- Excess costs: Kansas +$109k to $1.311M; Oklahoma +$438k to $2.120M; Wyoming +$709k to $4.570M.
- Chieftain arbitration: panel ruled ~$14.6M net to Trust may be charged as excess cost under Oklahoma conveyance.
- Development costs for four non-operated wells in Oklahoma total $7.9M net to Trust; two completed in Q2 2023, others by Q1 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/862022/000095017024074059/0000950170-24-074059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/862022/000095017024074059/hgt_8-k_2406_distributio.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-074059

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