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.
Hugoton Royalty Trust (HGTXU) provides investors with income from oil and gas production through its net profits interests structure. This page serves as the definitive source for official news and financial updates related to the Trust's operations, cost management practices, and distribution decisions.
Access timely updates on production metrics, partnership developments with XTO Energy, and operational disclosures managed by Argent Trust Company. Investors will find essential announcements including quarterly distribution details, expense recovery updates, and strategic developments in key regions like Oklahoma and Kansas.
Our curated collection features press releases covering earnings results, conveyance adjustments, and analyses of production cost impacts. Stay informed about the Trust's approach to maintaining transparent reporting standards while navigating evolving energy market conditions.
Bookmark this page for direct access to primary source materials and official communications. Regularly updated content ensures stakeholders maintain current understanding of factors influencing royalty income and reserve replenishment strategies.
Hugoton Royalty Trust (OTCQB: HGTXU) declared no cash distribution for May 2024 due to excess costs on its net profits interests. The Trust's cash reserve was reduced by $21,000 for expenses, with future distributions contingent on replenishing this reserve. In March, the Trust reported gas sales of 678,000 Mcf at $1.82 per Mcf and oil sales of 11,000 Bbls at $78.07 per Bbl. Development costs, production expenses, and overheads totaled $2.823 million. Excess costs increased across properties in Kansas, Oklahoma, and Wyoming, with cumulative totals of $1.193 million, $1.669 million, and $3.834 million, respectively. Additionally, the Trust faces a potential $14.6 million charge from the Chieftain settlement. The arbitration panel ruled that $48 million of the $80 million Chieftain settlement is a production cost chargeable to the Trust. This will likely affect future distributions.
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