---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-237463"
form_type: "8-K"
ticker: "HGTXU"
cik: "0000862022"
company_name: "HUGOTON ROYALTY TRUST"
filed_at: "2023-09-19T23:59:59+00:00"
generated_at: "2026-06-10T14:15:47.921902+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 September 2023 distribution due to excess costs; arbitration update

## Summary
- No cash distribution for September 2023; all three conveyances in excess cost positions.
- Trust cash reserve reduced by $152,000 for expense payments.
- Underlying sales: 778,000 Mcf gas at $3.16/Mcf, 15,000 bbl oil at $72.95/bbl.
- Cumulative excess costs: KS $378k, OK $6.914M, WY $809k; potential $14.6M Chieftain charge.
- Final arbitration hearing on remaining net proceeds dispute scheduled November 8, 2023.

## SEC filing metadata
- accession: 0001193125-23-237463
- form_type: 8-K
- ticker: HGTXU
- cik: 0000862022
- company_name: HUGOTON ROYALTY TRUST
- filed_at: 2023-09-19T23:59:59+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/862022/000119312523237463/0001193125-23-237463-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/862022/000119312523237463/d512463d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-237463
- JSON: https://secwatch.observer/filing/0001193125-23-237463.json
- Plain text: https://secwatch.observer/filing/0001193125-23-237463.txt

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