---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-038357"
form_type: "8-K"
ticker: "HGTXU"
cik: "0000862022"
company_name: "HUGOTON ROYALTY TRUST"
filed_at: "2024-02-16T23:59:59+00:00"
generated_at: "2026-06-06T00:33:38.339429+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Hugoton Royalty Trust skips February 2024 distribution; excess costs persist across all conveyances

## Summary
- No cash distribution declared for Feb 2024 due to excess costs on all three net profits interests.
- Cash reserve reduced by $26k for expenses; reserve will be replenished before future distributions.
- Underlying sales: 788,000 Mcf gas at $3.75/Mcf and 23,000 Bbl oil at $75.58/Bbl.
- Excess costs: Kansas $972k, Oklahoma $711k, Wyoming $1,804k; Oklahoma may face additional ~$14.6M Chieftain charge.
- Development costs of $9.1M underlying ($7.3M net) charged for three non-operated wells in Major County, Oklahoma.

## SEC filing metadata
- accession: 0001193125-24-038357
- form_type: 8-K
- ticker: HGTXU
- cik: 0000862022
- company_name: HUGOTON ROYALTY TRUST
- filed_at: 2024-02-16T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/862022/000119312524038357/0001193125-24-038357-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/862022/000119312524038357/d774383d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-038357
- JSON: https://secwatch.observer/filing/0001193125-24-038357.json
- Plain text: https://secwatch.observer/filing/0001193125-24-038357.txt

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