---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-279617"
form_type: "8-K"
ticker: "HGTXU"
cik: "0000862022"
company_name: "HUGOTON ROYALTY TRUST"
filed_at: "2023-11-17T23:59:59+00:00"
generated_at: "2026-06-08T00:41:56.978720+00:00"
event_type: "dividend"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Hugoton Royalty Trust declares no November cash distribution on excess cost positions

## Summary
- No cash distribution declared for November 2023 due to excess costs on all three conveyances.
- Cash reserve reduced by $74,000 for trust expenses.
- Underlying gas sales 877,000 Mcf at $3.00/Mcf; oil 58,000 Bbls at $74.53/Bbl.
- Development costs of $9.0M underlying ($7.2M net to trust) for three non-operated wells in Oklahoma.
- Arbitration: $14.6M net to trust from Chieftain settlement can be charged as production cost; likely no distributions from Oklahoma.

## SEC filing metadata
- accession: 0001193125-23-279617
- form_type: 8-K
- ticker: HGTXU
- cik: 0000862022
- company_name: HUGOTON ROYALTY TRUST
- filed_at: 2023-11-17T23:59:59+00:00
- event_type: dividend
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/862022/000119312523279617/0001193125-23-279617-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/862022/000119312523279617/d497771d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-279617
- JSON: https://secwatch.observer/filing/0001193125-23-279617.json
- Plain text: https://secwatch.observer/filing/0001193125-23-279617.txt

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