secwatch.observer — SEC 8-K summary
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Issuer:     MESA ROYALTY TRUST/TX (MTR)
CIK:        0000313364
Form:       8-K
Filed at:   2023-09-18T23:59:59+00:00
Accession:  0001104659-23-101577
Event type: dividend
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mesa Royalty Trust declares Sept distribution of $0.0429/unit; warns of reduced distributions due to reserve build
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- Distribution of $0.042863848 per unit payable Oct 31, 2023 to holders of record Sep 29, 2023.
- Trust received $119,751 from Hilcorp San Juan LP (New Mexico properties); no income from other working interest owners.
- Distributable net profits after expenses and cash reserves were $79,881.
- Trust warns distributions will be materially reduced until cash reserves reach $2.0 million for added liquidity.
- Volatility in oil/gas prices and production costs could result in no distributions in some periods.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/313364/000110465923101577/0001104659-23-101577-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/313364/000110465923101577/tm2326006d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-101577

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