Hugoton Royalty Trust declares $0.000653/unit distribution; arbitration hearing Nov 8, 2023

HUGOTON ROYALTY TRUST

Cash distribution of $0.000653/unit, payable July 17, 2023 to holders of record June 30, 2023.
Gas sales volume 863K Mcf at $3.18/Mcf; oil 11K Bbls at $75.94/Bbl. Prior month: gas $4.43/Mcf, oil $71.76/Bbl.
Development costs of $2.4M ($1.9M net) charged for three non-operated wells in Oklahoma.
Excess costs: Kansas $179K ($2K interest), Oklahoma $1.147M; cumulative excess likely to reduce future Okla. distributions.
Arbitration final hearing on remaining net proceeds dispute scheduled Nov 8, 2023; $14.6M net charge from Chieftain settlement.

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