Hugoton Royalty Trust skips September 2024 monthly cash distribution due to excess costs

HUGOTON ROYALTY TRUST

No distribution declared for September 2024; cash reserve reduced by $42,000 for expenses.
Excess costs on Kansas conveyances: $1,420,000 (incl. $86,000 interest); Oklahoma: $2,847,000 (incl. $344,000 interest).
Wyoming excess costs: $6,263,000 (incl. $240,000 interest); Oklahoma partially recovered $289,000 but no proceeds remained.
Four non-operated wells in Major County, OK: cumulative development costs $10.2M underlying ($8.1M net to Trust).
Underlying July production sales: gas 737,000 Mcf at $2.80/Mcf; oil 15,000 bbls at $75.57/bbl.

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