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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.
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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.
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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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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.
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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.
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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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Hugoton Royalty Trust announces no October cash distribution
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Hugoton Royalty Trust declares no September cash distribution
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Hugoton Royalty Trust declares no August cash distribution
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FAQ
What is the current stock price of HUGOTON ROYALTY TR UBI (HGTXU)?
The current stock price of HUGOTON ROYALTY TR UBI (HGTXU) is $0.61 as of January 22, 2025.
What is the market cap of HUGOTON ROYALTY TR UBI (HGTXU)?
The market cap of HUGOTON ROYALTY TR UBI (HGTXU) is approximately 22.8M.
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.
HUGOTON ROYALTY TR UBI