Argent Trust Company announced the absence of a cash distribution for November 2025 due to excess costs.
Cash reserve reduced by $63,000 for trust expenses; future replenishment anticipated from net profits income.
No near-term distributions expected based on current excess costs and sales data.
Excess Cost Positions
Excess costs on all three conveyances affecting cash distribution for November 2025.
Underlying Sales Volumes
Gas and oil sales volumes with average prices for the current and prior months.
Cumulative Excess Costs
Detailed breakdown of excess costs on properties underlying different net profits interests.
- Development costs, production expenses, and overhead expenses affecting royalty calculation.
- Recovery of excess costs on properties in Oklahoma, Wyoming, and Kansas.
- Future distribution potential linked to recoupment of excess costs and available cash balance.
The Hugoton Royalty Trust's decision not to distribute cash for December 2025 reflects the impact of excess costs on its net profits interests. Future distributions will depend on the replenishment of the cash reserve and recovery of excess costs.