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HUGOTON ROYALTY TR UBI - $HGTXU STOCK NEWS

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Rhea-AI Summary
Hugoton Royalty Trust (HGTXU) announced no April cash distribution due to excess cost positions on net profits interests. XTO Energy's deductions impacted the royalty calculation. The Trust's cash reserve was reduced by $84,000. Development costs for non-operated wells and arbitration updates were disclosed.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.5%
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Rhea-AI Summary
Argent Trust Company, as Trustee of Hugoton Royalty Trust (HGTXU), announced the suspension of cash distribution for March 2024 due to excess costs. XTO Energy provided updates on sales volumes, development costs, and arbitration outcomes affecting the Trust's finances.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.72%
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Rhea-AI Summary
Argent Trust Company, as Trustee of Hugoton Royalty Trust (HGTXU), announced the suspension of cash distribution for February 2024 due to excess costs. The Trust's cash reserve decreased by $26,000. XTO Energy provided updates on underlying sales volumes, excess costs, and development costs. An arbitration settlement with plaintiffs in the Chieftain case led to potential charges on the Trust.
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Rhea-AI Summary
Argent Trust Company announced that there would not be a cash distribution to the holders of its units of beneficial interest for January 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 $19,000 for the payment of Trust expenses. XTO Energy has advised the Trustee that it has deducted development costs and production expenses in determining the royalty calculation for the Trust for the current month. The Trustee anticipates replenishing the cash reserve prior to declaring any future distributions to unitholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-17.65%
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Rhea-AI Summary
Argent Trust Company, as Trustee of the Hugoton Royalty Trust (HGTXU), announced the absence of a cash distribution for December 2023 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 $106,000 for Trust expenses. XTO Energy advised the Trustee of increased excess costs on properties underlying the Kansas, Oklahoma, and Wyoming net profits interests. Development costs of $9.1 million were charged to the Trust for three non-operated wells in Major County, Oklahoma. The Trustee and XTO Energy will provide updates on the wells. The Trust is in arbitration with XTO Energy over the allocation of production costs related to the Chieftain settlement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.08%
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Rhea-AI Summary
HGTXU - Argent Trust Company, as Trustee of the Hugoton Royalty Trust, announced no cash distribution for November 2023 due to excess cost positions. XTO Energy's advice on underlying sales volumes and excess costs in Kansas, Oklahoma, and Wyoming conveyances was detailed. The Trustee and XTO Energy continue to provide updates on non-operated wells and settlement of the Chieftain class action royalty case.
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Rhea-AI Sentiment
End-of-Day
20.41%
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Rhea-AI Summary
Hugoton Royalty Trust announces no October cash distribution
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.08%
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Rhea-AI Summary
Hugoton Royalty Trust declares no September cash distribution
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.33%
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Rhea-AI Summary
Hugoton Royalty Trust declares no August cash distribution
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.06%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.3%
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HUGOTON ROYALTY TR UBI

OTC:HGTXU

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