Fraudulent conveyance

HUGOTON ROYALTY TRUST DECLARES NO DECEMBER CASH DISTRIBUTION

Retrieved on: 
Monday, December 18, 2023
Annual report, Exercise, Natural gas, Trustee, Fraudulent conveyance, Lawyer, Hearing, Panel, Conveyance, Reinsurance, Trust, Tribal chief

However, after the partial recovery, there were no remaining proceeds from the properties underlying the Oklahoma net profits interests to be included in the current month's distribution.

Key Points: 
  • However, after the partial recovery, there were no remaining proceeds from the properties underlying the Oklahoma net profits interests to be included in the current month's distribution.
  • XTO Energy has estimated the amount to be approximately $14.6 million (net to the Trust).
  • As of the date hereof, $9.1 million underlying ($7.3 million net to the Trust) in development costs have been charged to the Trust for the three non-operated wells.
  • The Trust and XTO Energy conducted the interim hearing on the claims related to the Chieftain settlement on October 12-13, 2020.

Food Production, Processing and Packaging Equipment Goes to the Gavel Dec. 12 in Online Bankruptcy Auction

Retrieved on: 
Wednesday, November 29, 2023
Sale, United States bankruptcy court, Plant, Food, Media contacts database, Multimedia, Fraudulent conveyance, Fellsmere, Florida, EST, Spectrophotometry, Tiger Group, Auction

VERO BEACH and FELLSMERE, Fla., Nov. 29, 2023 /PRNewswire/ -- Food production, processing and packaging companies can grow their operations by acquiring new and like-new equipment in a Dec. 12 online auction by Tiger Group.

Key Points: 
  • VERO BEACH and FELLSMERE, Fla., Nov. 29, 2023 /PRNewswire/ -- Food production, processing and packaging companies can grow their operations by acquiring new and like-new equipment in a Dec. 12 online auction by Tiger Group .
  • The court-ordered bankruptcy sale features assets from Lemnature AquaFarms' multimillion-dollar production and R&D plants in Vero Beach and Fellsmere.
  • The timed, online auction closes on Tues., Dec. 12, at 10 a.m. (EST).
  • "It's part of what makes this sale such a strong opportunity for expanding companies in the food production, processing and packaging sectors," he said.

HUGOTON ROYALTY TRUST DECLARES NO NOVEMBER CASH DISTRIBUTION

Retrieved on: 
Friday, November 17, 2023
Annual report, Exercise, Natural gas, Trustee, Fraudulent conveyance, Lawyer, Hearing, Panel, Conveyance, Bookkeeping, Reinsurance, Trust, Tribal chief

Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.

Key Points: 
  • Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.
  • However, after the partial recovery, there were no remaining proceeds from the properties underlying the Oklahoma net profits interests to be included in the current month's distribution.
  • XTO Energy has estimated the amount to be approximately $14.6 million (net to the Trust).
  • As of the date hereof, $9.0 million underlying ($7.2 million net to the Trust) in development costs have been charged to the Trust for the three non-operated wells.

HUGOTON ROYALTY TRUST DECLARES NO OCTOBER CASH DISTRIBUTION

Retrieved on: 
Friday, October 20, 2023
Trustee, Exercise, Lawyer, Conveyance, Panel, Annual report, Hearing, Natural gas, Fraudulent conveyance, Life insurance, Reinsurance, Tribal chief, Trust

Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.

Key Points: 
  • Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.
  • However, after the partial recovery, there were no remaining proceeds from the properties underlying the Oklahoma net profits interests to be included in the current month's distribution.
  • XTO Energy has estimated the amount to be approximately $14.6 million (net to the Trust).
  • As of the date hereof, $9.0 million underlying ($7.2 million net to the Trust) in development costs have been charged to the Trust for the three non-operated wells.

HUGOTON ROYALTY TRUST DECLARES NO SEPTEMBER CASH DISTRIBUTION

Retrieved on: 
Tuesday, September 19, 2023
Exercise, Conveyance, Lawyer, Panel, Annual report, Hearing, Natural gas, Fraudulent conveyance, Trustee, Life insurance, Reinsurance, Trust, Tribal chief

Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.

Key Points: 
  • Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.
  • However, after the partial recovery, there were no remaining proceeds from the properties underlying the Kansas net profits interests to be included in the current month's distribution.
  • XTO Energy has estimated the amount to be approximately $14.6 million (net to the Trust).
  • As of the date hereof, $9.0 million underlying ($7.2 million net to the Trust) in development costs have been charged to the Trust for the three non-operated wells.

HUGOTON ROYALTY TRUST DECLARES NO AUGUST CASH DISTRIBUTION

Retrieved on: 
Monday, August 21, 2023
Exercise, Conveyance, Lawyer, Panel, Annual report, Hearing, Natural gas, Fraudulent conveyance, Trustee, Life insurance, Reinsurance, Trust, Tribal chief

Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.

Key Points: 
  • Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.
  • XTO Energy has estimated the amount to be approximately $14.6 million (net to the Trust).
  • As of the date hereof, $8.7 million underlying ($6.9 million net to the Trust) in development costs have been charged to the Trust for the three non-operated wells.
  • The Trust and XTO Energy conducted the interim hearing on the claims related to the Chieftain settlement on October 12-13, 2020.

HUGOTON ROYALTY TRUST DECLARES NO JULY CASH DISTRIBUTION

Retrieved on: 
Friday, July 21, 2023
Exercise, Conveyance, Lawyer, Panel, Annual report, Hearing, Natural gas, Fraudulent conveyance, Trustee, Life insurance, Reinsurance, Trust, Tribal chief

XTO Energy has advised the Trustee that excess costs were $5,378,000 on properties underlying the Oklahoma net profits interests.

Key Points: 
  • XTO Energy has advised the Trustee that excess costs were $5,378,000 on properties underlying the Oklahoma net profits interests.
  • XTO Energy has estimated the amount to be approximately $14.6 million (net to the Trust).
  • As of the date hereof, $8.3 million underlying ($6.6 million net to the Trust) in development costs have been charged to the Trust for the three non-operated wells.
  • The Trust and XTO Energy conducted the interim hearing on the claims related to the Chieftain settlement on October 12-13, 2020.

HUGOTON ROYALTY TRUST DECLARES JUNE CASH DISTRIBUTION

Retrieved on: 
Tuesday, June 20, 2023
Exercise, Conveyance, Lawyer, Sale, Panel, Annual report, Hearing, Natural gas, Fraudulent conveyance, Trustee, Life insurance, Trust, Tribal chief

Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.

Key Points: 
  • Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.
  • XTO Energy has advised the Trustee that it has deducted development costs of $658,000, production expense of $2,127,000 and overhead of $1,115,000 in determining the royalty calculation for the Trust for the current month.
  • As of the date hereof, $2.4 million underlying ($1.9 million net to the Trust) in development costs have been charged to the Trust for the three non-operated wells.
  • The Trust and XTO Energy conducted the interim hearing on the claims related to the Chieftain settlement on October 12-13, 2020.

HUGOTON ROYALTY TRUST DECLARES MAY CASH DISTRIBUTION

Retrieved on: 
Friday, May 19, 2023
Exercise, Conveyance, Lawyer, Sale, Panel, Annual report, Hearing, Natural gas, Fraudulent conveyance, Trustee, Life insurance, Trust, Tribal chief

XTO Energy has advised the Trustee that it has deducted development costs of $18,000, production expense of $1,283,000 and overhead of $1,084,000 in determining the royalty calculation for the Trust for the current month.

Key Points: 
  • XTO Energy has advised the Trustee that it has deducted development costs of $18,000, production expense of $1,283,000 and overhead of $1,084,000 in determining the royalty calculation for the Trust for the current month.
  • As of the date hereof, $1.8 million underlying ($1.5 million net to the Trust) in development costs have been charged to the Trust, all related to the first non-operated well.
  • As previously disclosed, XTO Energy advised the Trustee that it reached a settlement with the plaintiffs in the Chieftain class action royalty case.
  • The Trust and XTO Energy conducted the interim hearing on the claims related to the Chieftain settlement on October 12-13, 2020.

HUGOTON ROYALTY TRUST DECLARES APRIL CASH DISTRIBUTION

Retrieved on: 
Tuesday, April 18, 2023
Exercise, Conveyance, Lawyer, Sale, Panel, Annual report, Hearing, Natural gas, Fraudulent conveyance, Trustee, Life insurance, Reinsurance, Trust, Tribal chief

Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.

Key Points: 
  • Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.
  • XTO Energy has advised the Trustee that it has deducted development costs of $134,000, production expense of $2,221,000 and overhead of $1,027,000 in determining the royalty calculation for the Trust for the current month.
  • As of the date hereof, $1.8 million underlying ($1.5 million net to the Trust) in development costs have been charged to the Trust, all related to the first non-operated well.
  • The Trust and XTO Energy conducted the interim hearing on the claims related to the Chieftain settlement on October 12-13, 2020.