secwatch.observer — SEC 8-K summary
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Issuer:     HUGOTON ROYALTY TRUST (HGTXU)
CIK:        0000862022
Form:       8-K
Filed at:   2023-10-20T23:59:59+00:00
Accession:  0001193125-23-259915
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hugoton Royalty Trust declares no October 2023 cash distribution due to excess costs
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- No October cash distribution; all three conveyances (Kansas, Oklahoma, Wyoming) in excess cost positions.
- Cumulative excess costs: Kansas $402K, Oklahoma $6.891M (incl. ~$14.6M Chieftain charge pending), Wyoming $796K.
- Arbitration panel ruled up to $14.6M net from Chieftain settlement may be charged as production cost to Oklahoma.
- Development costs of $7.2M net charged for three non-operated wells in Major County, Oklahoma.
- August production: gas 751,000 Mcf at $3.58/Mcf, oil 12,000 Bbls at $77.47/Bbl.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/862022/000119312523259915/0001193125-23-259915-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/862022/000119312523259915/d543315d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-259915

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