secwatch.observer — SEC 8-K summary
======================================

Issuer:     HUGOTON ROYALTY TRUST (HGTXU)
CIK:        0000862022
Form:       8-K
Filed at:   2023-06-20T23:59:59+00:00
Accession:  0001193125-23-169942
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/862022/000119312523169942/0001193125-23-169942-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/862022/000119312523169942/d519675d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-169942

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer