secwatch.observer — SEC 8-K summary
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Issuer:     HUGOTON ROYALTY TRUST (HGTXU)
CIK:        0000862022
Form:       8-K
Filed at:   2024-12-20T23:59:59+00:00
Accession:  0000950170-24-139008
Event type: dividend
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hugoton Royalty Trust suspends December 2024 cash distribution; excess costs persist
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- No December 2024 cash distribution due to excess cost positions on all three conveyances.
- Cash reserve reduced by $15,000 for Trust expenses; replenishment before future distributions.
- Kansas excess costs $1,377,000 ($114K interest); Oklahoma $1,477,000 ($383K interest); Wyoming $7,799,000 ($377K interest).
- Development costs of $10.4M ($8.3M net to Trust) for four non-operated wells in Oklahoma.
- Underlying Oct production: 791,000 Mcf gas at $2.67/Mcf; 18,000 Bbls oil at $69.27/Bbl.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/862022/000095017024139008/0000950170-24-139008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/862022/000095017024139008/hgt_8-k_2412_distributio.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-139008

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