secwatch.observer — SEC 8-K summary
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Issuer:     HUGOTON ROYALTY TRUST (HGTXU)
CIK:        0000862022
Form:       8-K
Filed at:   2024-10-21T23:59:59+00:00
Accession:  0000950170-24-115902
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/862022/000095017024115902/0000950170-24-115902-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/862022/000095017024115902/hgt_8-k_2410_distributio.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-115902

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