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

HUGOTON ROYALTY TRUST

No cash distribution for October 2024; cash reserve reduced by $89,000 for expenses.
Cumulative excess costs: Kansas $1.5M, Oklahoma $1.1M, Wyoming $6.8M (incl. interest).
Underlying gas sales 719,000 Mcf at $4.09/Mcf; oil 24,000 Bbl at $75.13.
XTO Energy charged $10.2M ($8.2M net to Trust) in development costs for four non-operated wells.
Avg gas price inflated by out-of-period plant revenue; excluding it, avg gas would be $1.97/Mcf.

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