secwatch.observer — SEC 8-K summary
======================================

Issuer:     MESA ROYALTY TRUST/TX (MTR)
CIK:        0000313364
Form:       8-K
Filed at:   2023-05-18T23:59:59+00:00
Accession:  0001104659-23-062251
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mesa Royalty Trust declares $0.4875/unit May distribution; warns of materially reduced future payouts
--------------------------------------------------------------------------------

- Distribution of $0.487527137 per unit payable July 31, 2023 to holders of record May 31, 2023.
- Trust received $978,608 from Hilcorp-operated New Mexico properties and $7,590 from Red Willow-operated Colorado properties.
- No income from Hugoton or SIMCOE-operated Colorado properties in May 2023.
- Distributable net profits after reserves and expenses were $908,551.
- Trust intends to increase cash reserves to $2.0 million, materially reducing future distributions; accumulated excess production costs persist.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/313364/000110465923062251/0001104659-23-062251-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/313364/000110465923062251/tm2316145d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-062251

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer