---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-216783"
form_type: "8-K"
ticker: "HGTXU"
cik: "0000862022"
company_name: "HUGOTON ROYALTY TRUST"
filed_at: "2023-08-21T23:59:59+00:00"
generated_at: "2026-06-11T06:40:22.750339+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hugoton Royalty Trust declares no August 2023 cash distribution; excess costs remain high

## Summary
- No cash distribution for August 2023 due to excess cost positions on all three conveyances; cash reserve reduced by $158,000 for expenses.
- Underlying gas sales 729,000 Mcf at $2.51/Mcf; oil 12,000 bbls at $68.03/bbl (June production).
- Cumulative excess costs: Kansas $492K, Oklahoma $7.064M, Wyoming $639K; Oklahoma likely to grow with ~$14.6M Chieftain charge.
- Development costs of $8.7M ($6.9M net to Trust) charged for three non-operated wells in Major County, Oklahoma.
- Arbitration final hearing on disputed net proceeds for 2014-2019 & 2021 scheduled for Nov 8, 2023.

## SEC filing metadata
- accession: 0001193125-23-216783
- form_type: 8-K
- ticker: HGTXU
- cik: 0000862022
- company_name: HUGOTON ROYALTY TRUST
- filed_at: 2023-08-21T23:59:59+00:00
- event_type: earnings
- 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/862022/000119312523216783/0001193125-23-216783-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/862022/000119312523216783/d546858d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-216783
- JSON: https://secwatch.observer/filing/0001193125-23-216783.json
- Plain text: https://secwatch.observer/filing/0001193125-23-216783.txt

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