secwatch.observer — SEC 8-K summary
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Issuer:     MESA ROYALTY TRUST/TX (MTR)
CIK:        0000313364
Form:       8-K
Filed at:   2022-10-20T23:59:59+00:00
Accession:  0001104659-22-110292
Event type: other_material
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mesa Royalty Trust declares October distribution of $0.1818/unit; warns of materially reduced 2022 payouts
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- Distribution of $0.181767542 per unit payable Jan 31, 2023 to holders of record Oct 31, 2022.
- Trust received $330,459 from New Mexico San Juan Basin (Hilcorp) and $46,005 from Hugoton (Scout Energy); no income from Colorado properties.
- Distributable net profits after reserves and expenses: $338,740.
- Trust intends to increase cash reserves to $2.0M, expecting materially reduced distributions during 2022.
- Accumulated excess production costs may further reduce or eliminate future distributions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/313364/000110465922110292/0001104659-22-110292-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/313364/000110465922110292/tm2228570d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-110292

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