other material
confidence high
sentiment negative
materiality 0.75
Hugoton Royalty Trust declares $0.120066 March distribution; arbitration ruling may cut future payouts
HUGOTON ROYALTY TRUST
- Cash distribution of $0.120066/unit payable Apr 14, record Mar 31.
- Underlying gas sales 742,000 Mcf at $12.78/Mcf; oil 12,000 Bbls at $76.03.
- XTO Energy deducts $17k development, $1.414M production, $1.01M overhead.
- Arbitration panel ruled ~$14.6M net to Trust from Chieftain settlement may be charged as excess cost, risking no Oklahoma distributions.
- Arbitration on 2014-2019 & 2021 claims recommenced; hearing date pending.