secwatch.observer — SEC 8-K summary
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Issuer:     HUGOTON ROYALTY TRUST (HGTXU)
CIK:        0000862022
Form:       8-K
Filed at:   2023-11-17T23:59:59+00:00
Accession:  0001193125-23-279617
Event type: dividend
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/862022/000119312523279617/0001193125-23-279617-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/862022/000119312523279617/d497771d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-279617

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