secwatch.observer — SEC 8-K summary
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Issuer:     HUGOTON ROYALTY TRUST (HGTXU)
CIK:        0000862022
Form:       8-K
Filed at:   2025-02-18T23:59:59+00:00
Accession:  0000950170-25-022379
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 declares no February cash distribution; excess costs remain on all conveyances
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- No cash distribution for February 2025 due to excess cost positions on all three net profits interests.
- Cash reserve reduced by $88,000 for Trust expenses; will be replenished before future distributions.
- Underlying sales: 672,000 Mcf gas at $3.83/Mcf, 15,000 Bbls oil at $66.06/Bbl (produced Dec 2024).
- Cumulative excess costs: Kansas $1.71M, Oklahoma $2.51M, Wyoming $8.107M (includes accrued interest).
- Development costs for six non-operated wells in Major County, OK: $10.5M charged; two additional wells anticipated $5.7M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/862022/000095017025022379/0000950170-25-022379-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/862022/000095017025022379/hgt_8-k_2502_distributio.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-022379

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