Hugoton Royalty Trust skips Nov 2024 distribution; excess costs top $10.4M

HUGOTON ROYALTY TRUST

No cash distribution for November 2024 due to excess cost positions on all three conveyances.
Cash reserve reduced by $4,000 for trust expenses; replenishment required before future distributions.
Current month gas sales 648,000 Mcf at $2.68/Mcf vs prior 719,000 Mcf at $4.09/Mcf.
Cumulative excess costs: Kansas $1.24M, Oklahoma $1.79M, Wyoming $7.33M.
Four non-operated wells in OK incurred $10.4M development costs ($8.3M net to Trust).

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