{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-069960","form_type":"8-K","ticker":"HGTXU","cik":"0000862022","company_name":"HUGOTON ROYALTY TRUST","filed_at":"2024-03-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.076913+00:00","generated_at":"2026-06-04T16:21:25.004699+00:00","sec_items":["2.02","9.01"],"event_type":"dividend","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Hugoton Royalty Trust declares no March 2024 cash distribution; excess costs remain high","bullets":["No March 2024 distribution due to excess cost positions on all three conveyances; cash reserve reduced by $179,000.","Excess costs: Kansas +$45K to $1.023M, Oklahoma +$404K to $1.12M, Wyoming +$347K to $2.163M.","Oklahoma excess costs include potential $14.6M from Chieftain arbitration (portion of $48M settlement allocable to Trust).","Underlying sales volumes declined: gas 604,000 Mcf (from 788,000), oil 14,000 Bbls (from 23,000); average prices lower.","Development costs: $9.3M underlying ($7.5M net) charged for three non-operated wells; fourth well estimated $1.3M underlying cost."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-069960","json":"https://secwatch.observer/filing/0001193125-24-069960.json","markdown":"https://secwatch.observer/filing/0001193125-24-069960.md","text":"https://secwatch.observer/filing/0001193125-24-069960.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862022/000119312524069960/0001193125-24-069960-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862022/000119312524069960/d785114d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T16:21:25.004699+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"}