STOCK TITAN
  1. Home
  2. News
  3. HGTXU

HUGOTON ROYALTY TR UBI - HGTXU STOCK NEWS

Welcome to our dedicated page for HUGOTON ROYALTY TR UBI news (Ticker: HGTXU), a resource for investors and traders seeking the latest updates and insights on HUGOTON ROYALTY TR UBI stock.

Hugoton Royalty Trust (HGTXU) is a trust managed by Argent Trust Company, focusing on conveyances of net profits interests in Kansas, Oklahoma, and Wyoming. The trust's cash reserve, affected by excess costs, impacts distributions to unitholders. XTO Energy's production costs and recovery efforts influence future income. Recent developments include drilling new wells to enhance oil and gas sales while managing operating expenses. The trust faces arbitration challenges related to production costs and allocation of settlements. Stay updated on the trust's performance, financials, and distribution status.

News

HUGOTON ROYALTY TRUST DECLARES NO FEBRUARY CASH DISTRIBUTION

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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
News

HUGOTON ROYALTY TRUST DECLARES NO JANUARY CASH DISTRIBUTION

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%
Tags
none
-
News

HUGOTON ROYALTY TRUST DECLARES NO DECEMBER CASH DISTRIBUTION

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%
Tags
none
News

HUGOTON ROYALTY TRUST DECLARES NO NOVEMBER CASH DISTRIBUTION

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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20.41%
Tags
none
-
News

HUGOTON ROYALTY TRUST DECLARES NO OCTOBER CASH DISTRIBUTION

Rhea-AI Summary
Hugoton Royalty Trust announces no October cash distribution
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.08%
Tags
none
-
News

HUGOTON ROYALTY TRUST DECLARES NO SEPTEMBER CASH DISTRIBUTION

Rhea-AI Summary
Hugoton Royalty Trust declares no September cash distribution
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.33%
Tags
none
News

HUGOTON ROYALTY TRUST DECLARES NO AUGUST CASH DISTRIBUTION

Rhea-AI Summary
Hugoton Royalty Trust declares no August cash distribution
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.06%
Tags
none
-
News

HUGOTON ROYALTY TRUST DECLARES NO JULY CASH DISTRIBUTION

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.3%
Tags
none
-
News

HUGOTON ROYALTY TRUST DECLARES JUNE CASH DISTRIBUTION

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.77%
Tags
none
News

HUGOTON ROYALTY TRUST DECLARES APRIL CASH DISTRIBUTION

Rhea-AI Summary

On April 18, 2023, Hugoton Royalty Trust (OTC-PINK: HGTXU) announced a cash distribution of $0.012363 per unit for unitholders, payable on May 12, 2023. The record date for this distribution is April 28, 2023. The Trust reported current month gas sales at 776,000 Mcf and oil sales at 13,000 Bbls, with average prices of $4.83 per Mcf for gas and $74.37 per Bbl for oil. Comparatively, prior month sales were lower, with 742,000 Mcf for gas and 12,000 Bbls for oil, averaging $12.78 per Mcf for gas and $76.03 per Bbl for oil. XTO Energy reported development costs of $1.8 million related to ongoing projects in Oklahoma, with additional excess costs impacting net profits. Issues related to prior royalty disputes remain unresolved, with arbitration hearings anticipated.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.59%
Tags
none

FAQ

What is the current stock price of HUGOTON ROYALTY TR UBI (HGTXU)?

The current stock price of HUGOTON ROYALTY TR UBI (HGTXU) is $0.52005 as of December 20, 2024.

What is the market cap of HUGOTON ROYALTY TR UBI (HGTXU)?

The market cap of HUGOTON ROYALTY TR UBI (HGTXU) is approximately 20.4M.

What is Hugoton Royalty Trust (HGTXU)?

Hugoton Royalty Trust is managed by Argent Trust Company, focusing on conveyances of net profits interests in Kansas, Oklahoma, and Wyoming.

What factors affect distributions to unitholders?

The trust's cash reserve, impacted by excess costs, influences distributions to unitholders.

How do XTO Energy's production costs affect the trust?

XTO Energy's production costs and recovery efforts have a significant impact on the trust's future income.

What are the recent developments related to the trust?

Recent developments include drilling new wells to enhance oil and gas sales while effectively managing operating expenses.

What challenges does the trust face in terms of arbitration?

The trust faces challenges related to arbitration regarding production costs and the allocation of settlements.

Where can I find more information about the trust's performance and financials?

For more information on the trust, including performance, financials, and distribution updates, visit the website at www.hgt-hugoton.com.

Stock HGTXU logo
HUGOTON ROYALTY TR UBI

OTC:HGTXU

HGTXU Rankings

N/A Ranked by Market Cap
N/A Ranked by Dividends

HGTXU Stock Data

20.40M
33.78M
15.55%
3.36%
0.24%
Oil & Gas E&P
Energy
Link
United States of America
Dallas