secwatch.observer — SEC 8-K summary
======================================

Issuer:     HUGOTON ROYALTY TRUST (HGTXU)
CIK:        0000862022
Form:       8-K
Filed at:   2024-01-19T23:59:59+00:00
Accession:  0001193125-24-011107
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hugoton Royalty Trust declares no cash distribution for January 2024 due to excess costs
--------------------------------------------------------------------------------

- No monthly cash distribution for January 2024; cash reserve reduced by $19,000 for trust expenses.
- Underlying sales volumes: 676,000 Mcf gas at $3.97/Mcf, 12,000 Bbls oil at $77.57/Bbl (November production).
- Cumulative excess costs: Kansas $837K, Oklahoma $1.819M, Wyoming $2.228M; plus ~$14.6M net from Chieftain arbitration.
- Development costs of $9.1M ($7.3M net to Trust) charged for three non-operated wells in Oklahoma.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/862022/000119312524011107/0001193125-24-011107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/862022/000119312524011107/d721282d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-011107

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer