{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-297459","form_type":"8-K","ticker":"HGTXU","cik":"0000862022","company_name":"HUGOTON ROYALTY TRUST","filed_at":"2023-12-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.180176+00:00","generated_at":"2026-06-07T11:34:15.687403+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Hugoton Royalty Trust declares no December cash distribution; excess costs on all three conveyances","bullets":["No monthly cash distribution for December 2023 due to excess cost positions on Kansas, Oklahoma, and Wyoming net profits interests.","Kansas cumulative excess costs $515K ($17K interest); Oklahoma $1.619M ($224K interest); Wyoming $1.746M ($27K interest).","Development costs for three non-operated wells total $9.1M underlying ($7.3M net to Trust); two wells completed Q2 2023.","Arbitration award: ~$14.6M net to Trust from Chieftain settlement may be charged as production cost; likely no Oklahoma distributions during recovery.","Trust cash reserve reduced by $106K for expenses; future distributions require replenishment before any payout."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-297459","json":"https://secwatch.observer/filing/0001193125-23-297459.json","markdown":"https://secwatch.observer/filing/0001193125-23-297459.md","text":"https://secwatch.observer/filing/0001193125-23-297459.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862022/000119312523297459/0001193125-23-297459-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862022/000119312523297459/d572942d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T11:34:15.687403+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}