secwatch.observer — SEC 8-K summary
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Issuer:     HUGOTON ROYALTY TRUST (HGTXU)
CIK:        0000862022
Form:       8-K
Filed at:   2023-04-18T23:59:59+00:00
Accession:  0001193125-23-104674
Event type: dividend
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hugoton Royalty Trust declares $0.012363 per unit cash distribution for April 2023; provides arbitration update
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- Cash distribution of $0.012363 per unit payable May 12, 2023 to holders of record April 28, 2023.
- Underlying gas sales volume 776,000 Mcf at average price $4.83/Mcf; oil sales 13,000 Bbls at $74.37/Bbl.
- Development costs of $1.5 million net to Trust charged for first non-operated well in Major County, Oklahoma.
- Arbitration panel ruled $48 million of Chieftain settlement allocable to Trust; estimated $14.6 million net excess cost.
- Excess costs of $104,000 on Kansas and $143,000 on Oklahoma net profits interests remain unrecovered.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/862022/000119312523104674/0001193125-23-104674-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/862022/000119312523104674/d677606d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-104674

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