8-K
HUGOTON ROYALTY TRUST (HGTXU)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORTPURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): May 5, 2021
HUGOTON ROYALTY TRUST
(Exact Name of Registrant as Specified in Its Charter)
| Texas | 1-10476 | 58-6379215 |
|---|---|---|
| (State or Other Jurisdiction<br><br><br>of Incorporation) | (Commission<br><br><br>File Number) | (IRS Employer<br><br><br>Identification No.) |
| Simmons Bank | ||
| --- | --- | |
| Trustee | ||
| 2911 Turtle Creek Blvd, Suite 850 | ||
| Dallas, Texas | 75219 | |
| (Address of Principal Executive Offices) | (Zip Code) |
(855) 588-7839
(Registrant’s Telephone Number, Including Area Code)
NONE
(Former Name orFormer Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17<br>CFR 240.14a-12) |
| --- | --- |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| --- | --- |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| --- | --- |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading<br><br><br>symbol | Name of each exchange<br><br><br>on which registered |
|---|---|---|
| Units of Beneficial Interest | HGTXU | OTCQB |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On May 5, 2021, the Hugoton Royalty Trust reported that an out of period adjustment to gas sales volumes included in the March 2021 distribution calculation was determined not to be applicable. However, this adjustment did not affect net profits income, unitholder distributions or excess costs for any of the conveyances. Gas sales volumes and prices, as calculated by XTO Energy, have been updated as follows:
| Underlying Gas Sales | ||||||
|---|---|---|---|---|---|---|
| Volumes (Mcf) ^(a)^ | Average Gas | |||||
| Total | Daily | Price per Mcf | ||||
| Updated | 808,000 | 26,000 | $ | 3.54 | ||
| As reported | 1,002,000 | 32,000 | $ | 3.23 | ||
| (a) | Sales volumes are recorded in the month the Trust receives the related net profits income. Because of<br>this, sales volumes may fluctuate from month to month based on the timing of cash receipts. | |||||
| --- | --- |
The information in this Current Report is being furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities of that Section.
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| HUGOTON ROYALTY TRUST | ||
|---|---|---|
| By: SIMMONS BANK, TRUSTEE | ||
| Date: May 5, 2021 | By: | /s/ NANCY WILLIS |
| Nancy Willis | ||
| Vice President | ||
| EXXON MOBIL CORPORATION | ||
| By: | /s/ DAVID LEVY | |
| David Levy | ||
| Vice President – Upstream Business Services |