---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-191083"
form_type: "8-K"
ticker: "HGTXU"
cik: "0000862022"
company_name: "HUGOTON ROYALTY TRUST"
filed_at: "2023-07-21T23:59:59+00:00"
generated_at: "2026-06-13T05:15:28.927665+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hugoton Royalty Trust declares no July 2023 distribution; excess costs on all conveyances

## Summary
- No cash distribution for July 2023 due to excess cost positions on all three net profits interests.
- Underlying sales: 806,000 Mcf gas at $2.70/Mcf; 19,000 Bbls oil at $74.12/Bbl (May production).
- XTO deducted $5.9M development costs, $1.5M production expense, $1.1M overhead in royalty calc.
- Cumulative excess costs: Kansas $224K, Oklahoma $6.533M, Wyoming $258K; Oklahoma includes potential $14.6M Chieftain settlement charge.
- Chieftain arbitration award: Trust must pay share of $48M settlement (lawyers' $32M excluded); final hearing on remaining disputes Nov 8, 2023.

## SEC filing metadata
- accession: 0001193125-23-191083
- form_type: 8-K
- ticker: HGTXU
- cik: 0000862022
- company_name: HUGOTON ROYALTY TRUST
- filed_at: 2023-07-21T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/862022/000119312523191083/0001193125-23-191083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/862022/000119312523191083/d670094d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-191083
- JSON: https://secwatch.observer/filing/0001193125-23-191083.json
- Plain text: https://secwatch.observer/filing/0001193125-23-191083.txt

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