---
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"
generated_at: "2026-06-07T11:34:15.687403+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Hugoton Royalty Trust declares no December cash distribution; excess costs on all three conveyances

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-297459
- JSON: https://secwatch.observer/filing/0001193125-23-297459.json
- Plain text: https://secwatch.observer/filing/0001193125-23-297459.txt

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