secwatch.observer — SEC 8-K summary
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Issuer:     HUGOTON ROYALTY TRUST (HGTXU)
CIK:        0000862022
Form:       8-K
Filed at:   2024-11-18T23:59:59+00:00
Accession:  0000950170-24-127877
Event type: other
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/862022/000095017024127877/0000950170-24-127877-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/862022/000095017024127877/hgt_8-k_2411_distributio.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-127877

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