{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-007061","form_type":"8-K","ticker":"HGTXU","cik":"0000862022","company_name":"HUGOTON ROYALTY TRUST","filed_at":"2025-01-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.538618+00:00","generated_at":"2026-05-27T22:45:28.523207+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Hugoton Royalty Trust skips January 2025 distribution; excess costs rise across all interests","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-007061","json":"https://secwatch.observer/filing/0000950170-25-007061.json","markdown":"https://secwatch.observer/filing/0000950170-25-007061.md","text":"https://secwatch.observer/filing/0000950170-25-007061.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862022/000095017025007061/0000950170-25-007061-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862022/000095017025007061/hgt_8-k_2501_distributio.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T22:45:28.523207+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}