---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-148943"
form_type: "8-K"
ticker: "HGTXU"
cik: "0000862022"
company_name: "HUGOTON ROYALTY TRUST"
filed_at: "2023-05-19T23:59:59+00:00"
generated_at: "2026-06-14T20:27:52.364649+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Hugoton Royalty Trust declares May cash distribution $0.010003/unit; arbitration update estimates $14.6M charge

## Summary
- Cash distribution of $0.010003 per unit payable June 14, 2023 to record holders May 31, 2023.
- May distribution based on underlying gas sales 662,000 Mcf at $4.43/Mcf and oil sales 13,000 bbls at $71.76/bbl.
- Development costs of $1.8M charged to Trust ($1.5M net) for first non-operated well in Oklahoma.
- Arbitration panel ruled Trust must pay share of $48M Chieftain settlement; estimated $14.6M net charge to Trust.
- Final hearing on remaining net proceeds dispute rescheduled to November 8, 2023.

## SEC filing metadata
- accession: 0001193125-23-148943
- form_type: 8-K
- ticker: HGTXU
- cik: 0000862022
- company_name: HUGOTON ROYALTY TRUST
- filed_at: 2023-05-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/862022/000119312523148943/0001193125-23-148943-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/862022/000119312523148943/d511810d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-148943
- JSON: https://secwatch.observer/filing/0001193125-23-148943.json
- Plain text: https://secwatch.observer/filing/0001193125-23-148943.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.