---
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"
generated_at: "2026-06-04T16:21:25.004699+00:00"
event_type: "dividend"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Hugoton Royalty Trust declares no March 2024 cash distribution; excess costs remain high

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: dividend
- 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/862022/000119312524069960/0001193125-24-069960-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/862022/000119312524069960/d785114d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-069960
- JSON: https://secwatch.observer/filing/0001193125-24-069960.json
- Plain text: https://secwatch.observer/filing/0001193125-24-069960.txt

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