secwatch.observer — SEC 8-K summary
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Issuer:     HUGOTON ROYALTY TRUST (HGTXU)
CIK:        0000862022
Form:       8-K
Filed at:   2023-09-19T23:59:59+00:00
Accession:  0001193125-23-237463
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hugoton Royalty Trust declares no September 2023 distribution due to excess costs; arbitration update
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/862022/000119312523237463/0001193125-23-237463-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/862022/000119312523237463/d512463d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-237463

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