secwatch.observer — SEC 8-K summary
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Issuer:     HUGOTON ROYALTY TRUST (HGTXU)
CIK:        0000862022
Form:       8-K
Filed at:   2024-09-20T23:59:59+00:00
Accession:  0000950170-24-108263
Event type: dividend
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/862022/000095017024108263/0000950170-24-108263-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/862022/000095017024108263/hgt_8-k_2409_distributio.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-108263

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