Welcome to our dedicated page for Hugoton Royalty news (Ticker: HGTXU), a resource for investors and traders seeking the latest updates and insights on Hugoton Royalty stock.
The Hugoton Royalty Trust (HGTXU) news stream centers on monthly announcements from Argent Trust Company, the Trustee, and related disclosures from XTO Energy. These news releases explain whether the Trust will declare a cash distribution to holders of its units of beneficial interest and describe the financial and operational factors that influence that decision.
In recent periods, the Trustee has repeatedly announced that there would not be a monthly cash distribution because of excess cost positions on all three of the Trust’s conveyances of net profits interests. Each release details how underlying gas and oil sales volumes, average realized prices, development costs, production expenses, overhead, and excess costs in Kansas, Oklahoma, and Wyoming affect the royalty calculation and the Trust’s cash reserve.
News items also highlight developments related to non-operated wells in Major County, Oklahoma in which XTO Energy has elected to participate. These updates include underlying sales volumes from the wells and the development costs charged to the Trust. In addition, several releases discuss arbitration and settlement matters, including the Chieftain class action royalty case, interim arbitration awards, and a Settlement Agreement that addresses how certain production and overhead costs are allocated to the Trust.
Investors following HGTXU news can use this page to review how monthly operating data, cost recovery, excess cost balances, and legal settlements impact the Trust’s ability to make distributions and manage its cash reserve. Regularly reviewing these releases can help readers understand trends in underlying production, pricing, and costs that shape the Trust’s financial condition.
Hugoton Royalty Trust (HGTXU) announced no cash distribution to unitholders for March 2025 due to excess cost positions across all three Trust's conveyances of net profits interests. The Trust's cash reserve decreased by $28,000 for expense payments.
Key financial updates include:
- Kansas properties: Excess costs increased by $32,000, with cumulative excess costs at $1,753,000
- Oklahoma properties: Recovered $288,000 in excess costs, but cumulative excess remains at $2,237,000
- Wyoming properties: Excess costs increased by $25,000, with total cumulative excess at $8,179,000
Development costs of $10.5 million ($8.4 million net to Trust) have been charged for six non-operated wells in Major County, Oklahoma. The Trust added sales volumes of approximately 2,000 Bbls and 17,000 Mcf from four new non-operated wells in the same region.
Hugoton Royalty Trust (HGTXU) announced no cash distribution to unitholders for February 2025 due to excess cost positions on all three Trust's conveyances of net profits interests. The Trust's cash reserve was reduced by $88,000 for Trust expenses. The Trust reported underlying gas sales of 672,000 Mcf at $3.83/Mcf and oil sales of 15,000 Bbls at $66.06/Bbl.
XTO Energy reported cumulative excess costs of $1.71 million for Kansas, $2.51 million for Oklahoma, and $8.11 million for Wyoming properties. The company is participating in two additional non-operated wells in Major County, Oklahoma, with anticipated development costs of approximately $5.7 million ($4.5 million net to Trust). Previously disclosed four non-operated wells have incurred $10.5 million ($8.4 million net to Trust) in development costs.
Hugoton Royalty Trust (HGTXU) announced no cash distribution to unitholders for January 2025 due to excess cost positions across all three Trust's conveyances of net profits interests. The Trust's cash reserve was reduced by $12,000 for expenses.
The Trust reported underlying gas sales of 734,000 Mcf at $2.81 per Mcf and oil sales of 12,000 Bbls at $66.93 per Bbl. XTO Energy included sales from four new non-operated wells in Major County, Oklahoma, with development costs of $59,000, production expense of $1,774,000, and overhead of $944,000.
Excess costs increased across all regions: Kansas (+$314,000, total $1.7M), Oklahoma (+$1,030,000, total $2.517M), and Wyoming (+$145,000, total $7.995M). Development costs for the four non-operated wells in Oklahoma amount to $10.4 million underlying ($8.3 million net to Trust).
Hugoton Royalty Trust (HGTXU) announced no cash distribution to unitholders for December 2024 due to excess cost positions across all three Trust's conveyances of net profits interests. The Trust's cash reserve was reduced by $15,000 for expense payments. The Trust reported underlying gas sales of 791,000 Mcf at $2.67/Mcf and oil sales of 18,000 Bbls at $69.27/Bbl.
XTO Energy reported cumulative excess costs of $1.377 million in Kansas, $1.477 million in Oklahoma, and $7.799 million in Wyoming. Development costs of $10.4 million ($8.3 million net to Trust) were charged for four non-operated wells in Major County, Oklahoma.
Hugoton Royalty Trust (HGTXU) announced no cash distribution to unitholders for November 2024 due to excess cost positions across all three Trust's conveyances. The Trust's cash reserve was reduced by $4,000 for expenses. Current month underlying sales volumes were 648,000 Mcf of gas at $2.68/Mcf and 12,000 Bbls of oil at $67.67/Bbl. XTO Energy reported development costs of $195,000, production expense of $1,950,000, and overhead of $961,000. Cumulative excess costs remain: Kansas ($1,241,000), Oklahoma ($1,794,000), and Wyoming ($7,333,000). Four non-operated wells in Major County, Oklahoma have incurred $10.4 million in development costs.
Hugoton Royalty Trust (OTCQB: HGTXU) announced no cash distribution for October 2024 due to excess cost positions on all three of the Trust's conveyances of net profits interests. The Trust's cash reserve was reduced by $89,000 for expenses. XTO Energy reported:
1. Underlying gas sales of 719,000 Mcf at $4.09 per Mcf and oil sales of 24,000 Bbls at $75.13 per Bbl.
2. Inclusion of sales volumes from four new non-operated wells in Major County, Oklahoma.
3. Excess costs increased by $53,000 on Kansas properties, $450,000 on Wyoming properties, while $1,734,000 was recovered on Oklahoma properties.
4. $10.2 million in development costs for four non-operated wells in Oklahoma.
The Trustee anticipates replenishing the cash reserve before future distributions.
Hugoton Royalty Trust (OTCQB: HGTXU) announced no cash distribution for September 2024 due to excess cost positions on all three of the Trust's conveyances of net profits interests. The Trust's cash reserve was reduced by $42,000 for expenses. XTO Energy reported:
- Underlying gas sales of 737,000 Mcf at $2.80 per Mcf
- Oil sales of 15,000 Bbls at $75.57 per Bbl
- Inclusion of sales from three new non-operated wells in Major County, Oklahoma
- Deduction of $105,000 in development costs, $1,718,000 in production expense, and $823,000 in overhead
Excess costs increased on Kansas and Wyoming properties, while $289,000 was recovered on Oklahoma properties. Cumulative excess costs remain significant across all regions. Development costs for four non-operated wells in Major County, Oklahoma, have reached $10.2 million underlying ($8.1 million net to the Trust).
Hugoton Royalty Trust (OTCQB: HGTXU) announced no cash distribution for August 2024 due to excess cost positions on all three of the Trust's conveyances of net profits interests. The Trust's cash reserve was reduced by $91,000 for expense payments. Underlying gas sales volumes decreased to 650,000 Mcf from 747,000 Mcf, while oil sales increased to 20,000 Bbls from 17,000 Bbls. Average gas prices rose to $2.40 per Mcf from $2.00, but oil prices dropped to $74.93 per Bbl from $77.16.
XTO Energy reported excess costs on all three net profits interests: Kansas ($1,384,000), Oklahoma ($3,113,000), and Wyoming ($5,832,000). The Trust and XTO Energy reached a Settlement Agreement on June 18, 2024, resolving pending arbitration issues, including the Chieftain Claim and Overhead Claims, resulting in a $500,000 advance distribution to partially replenish the Trust's cash expense reserve.
Hugoton Royalty Trust (OTCQB: HGTXU) announced no cash distribution for July 2024 due to excess cost positions on all three of the Trust's conveyances of net profits interests. The Trust's cash reserve was reduced by $34,000 for expenses. Excess costs increased across Kansas, Oklahoma, and Wyoming properties. The Trustee and XTO Energy reached a Settlement Agreement on June 18, 2024, to resolve pending arbitration, including the Chieftain Claim and Overhead Claims. The agreement stipulates a $830,381 balance in XTO's favor, to be treated as a production cost under the Oklahoma conveyance. XTO will provide a one-time advance distribution of $500,000 to the Trust, which can be recouped from future net profits.
Argent Trust Company, as Trustee of Hugoton Royalty Trust (OTCQB: HGTXU), announced no cash distribution for June 2024 due to excess cost positions on all net profits interests. The Trust's cash reserve was reduced by $7,000 for expenses, and future income will aim to replenish this reserve before any future distributions. Gas and oil sales volumes have fluctuated, with underlying costs and development expenses detailed. XTO Energy has noted increased excess costs in Kansas ($109,000), Oklahoma ($438,000), and Wyoming ($709,000), and substantial development costs for four new wells in Oklahoma. Arbitration related to the Chieftain settlement concluded with a $14.6 million charge to the Trust. This decision affects net proceeds and future distributions. Updates on the remaining arbitration disputes will be provided as available.