secwatch.observer — SEC 8-K summary
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Issuer:     HUGOTON ROYALTY TRUST (HGTXU)
CIK:        0000862022
Form:       8-K
Filed at:   2025-01-21T23:59:59+00:00
Accession:  0000950170-25-007061
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/862022/000095017025007061/0000950170-25-007061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/862022/000095017025007061/hgt_8-k_2501_distributio.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-007061

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