other material
confidence high
sentiment negative
materiality 0.70
Hugoton Royalty Trust skips January 2025 distribution; excess costs rise across all interests
HUGOTON ROYALTY TRUST
- No cash distribution for January 2025; cash reserve reduced by $12,000 for expenses.
- Cumulative excess costs: Kansas $1.7M, Oklahoma $2.5M, Wyoming $8.0M; all increased vs. prior month.
- Current-month sales: 734,000 Mcf gas at $2.81/Mcf, 12,000 Bbl oil at $66.93/Bbl; volumes down from prior month.
- Development costs of $10.4M gross ($8.3M net to Trust) for four non-operated wells in Major County, OK.
- XTO Energy deducted $1.77M production expense and $944K overhead in current royalty calculation.