---
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"
generated_at: "2026-05-27T22:45:28.523207+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Hugoton Royalty Trust skips January 2025 distribution; excess costs rise across all interests

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-007061
- JSON: https://secwatch.observer/filing/0000950170-25-007061.json
- Plain text: https://secwatch.observer/filing/0000950170-25-007061.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.