secwatch.observer — SEC 8-K summary
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Issuer:     MESA ROYALTY TRUST/TX (MTR)
CIK:        0000313364
Form:       8-K
Filed at:   2023-11-20T23:59:59+00:00
Accession:  0001104659-23-119912
Event type: dividend
Sentiment:  negative
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mesa Royalty Trust declares $0.0674/unit November distribution; warns of materially reduced future distributions
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- Distribution of $0.067409199 per unit for Nov 2023, payable Jan 31, 2024 to holders of record Nov 30, 2023.
- Trust received $150,917 in income, all from New Mexico San Juan Basin properties operated by Hilcorp; no other working interest income.
- Distributable net profits after reserves and expenses totaled $125,623.
- Trust warns distributions will be materially reduced until cash reserves reach $2.0M; accumulated excess production costs could result in zero distributions.
- Proceeds from working interest owners are not representative of future net proceeds; volatility in revenues and expenses may further reduce payouts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/313364/000110465923119912/0001104659-23-119912-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/313364/000110465923119912/tm2331089d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-119912

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