---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-084836"
form_type: "8-K"
ticker: "HGTXU"
cik: "0000862022"
company_name: "HUGOTON ROYALTY TRUST"
filed_at: "2024-07-19T23:59:59+00:00"
generated_at: "2026-05-31T19:25:08.250310+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Hugoton Royalty Trust skips July 2024 distribution, settles arbitration with XTO

## Summary
- No July 2024 cash distribution to unitholders due to excess cost positions on all three conveyances; cash reserve reduced by $34K.
- Underlying sales volumes: 747,000 Mcf gas at $2.00/Mcf, 17,000 Bbls oil at $77.16/Bbl (May production).
- Cumulative excess costs: Kansas $1.393M, Oklahoma $3.074M, Wyoming $5.058M (incl. interest).
- Arbitration settlement: Chieftain claim ($18.1M) offset by overhead claims ($17.275M); net $830K charged as production cost; XTO provides $500K advance.
- Development costs for four non-operated wells in Major County, OK total $10.0M underlying ($8.0M net to Trust).

## SEC filing metadata
- accession: 0000950170-24-084836
- form_type: 8-K
- ticker: HGTXU
- cik: 0000862022
- company_name: HUGOTON ROYALTY TRUST
- filed_at: 2024-07-19T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/862022/000095017024084836/0000950170-24-084836-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/862022/000095017024084836/hgt_8-k_2407_distributio.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-084836
- JSON: https://secwatch.observer/filing/0000950170-24-084836.json
- Plain text: https://secwatch.observer/filing/0000950170-24-084836.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.