11 unchanged sentences
These outside professionals advise the Trustee in its review and compilation
−Removed: of this information for inclusion in its Annual Report on Form 10-K and the other periodic reports provided by the Trust to the SEC.
−Removed: Hilcorps process of reconciling Gross Proceeds and severance taxes to previously reported estimates (which the Trust refers to as
−Removed: true-ups) during fiscal years 2018 and 2020 were still occurring and being reported in 2021.
−Removed: Hilcorp has informed the Trust that as it continues to refine further its estimating and reporting processes.
−Removed: As part of that review process,
−Removed: Hilcorp informed the Trust that it would reverse and rebook revenue for certain prior periods.
−Removed: Thus, distributions to the Trust from Hilcorp in any given month in 2022 may include adjustments for the reversal and rebooking of prior months
−Removed: revenue, plus interest.
−Removed: The Trustee has evaluated the Trusts internal disclosure controls and procedures as of March 31, 2022,
−Removed: and has concluded that such disclosure controls and procedures are effective, at the reasonable assurance level (as such term is used in Rule 13a-15(f) of the Exchange Act), to ensure that material
−Removed: information received from Hilcorp is gathered on a timely basis to be included in the Trusts periodic reports and recorded, processed, summarized and reported within the time periods specified in the SECs rules and forms.
−Removed: Additionally, during the three months ended March 31, 2022, there were no changes in the Trusts internal control over financial
−Removed: reporting (as such term is used in Rule 13a-15(f) of the Exchange Act) that materially affected, or are reasonably likely to materially affect, the Trusts internal control over financial reporting.
−Removed: Because the Trust does not have, nor does the Indenture provide for, officers, a board of directors or an independent audit committee, the Trustee has reviewed neither the Trusts disclosure controls and procedures nor the Trusts internal
−Removed: control over financial reporting in concert with management, a board of directors or an independent audit committee.
+Added: of this information for inclusion in this Annual Report on Form 10-K and the other periodic reports provided by the Trust to the SEC.
+Added: Hilcorps process of reconciling Gross Proceeds and severance taxes to previously reported estimates (which the Trust refers to as true-ups) during fiscal years 2018 and 2020 were still occurring and being reported in 2021.
+Added: Hilcorp has informed the Trust that it continues to refine further its estimating and reporting
+Added: As part of that review process, Hilcorp informed the Trust that it would reverse and rebook revenue for certain prior periods.
+Added: Thus, distributions to the Trust from Hilcorp in any given month in 2022 may include adjustments for the
+Added: reversal and rebooking of prior months revenue, plus interest.
+Added: The Trustee has evaluated the Trusts internal disclosure
+Added: controls and procedures as of June 30, 2022, and has concluded that such disclosure controls and procedures are effective, at the reasonable assurance level (as such term is used in Rule
+Added: 13a-15(f) of the Exchange Act), to ensure that material information received from Hilcorp is gathered on a timely basis to be included in the Trusts periodic reports and recorded, processed, summarized
+Added: and reported within the time periods specified in the SECs rules and forms.
+Added: Additionally, during the three months ended
+Added: June 30, 2022, there were no changes in the Trusts internal control over financial reporting (as such term is used in Rule 13a-15(f) of the Exchange Act) that materially affected, or are reasonably
+Added: likely to materially affect, the Trusts internal control over financial reporting.
+Added: Because the Trust does not have, nor does the Indenture provide for, officers, a board of directors or an independent audit committee, the Trustee has reviewed
+Added: neither the Trusts disclosure controls and procedures nor the Trusts internal control over financial reporting in concert with management, a board of directors or an independent audit committee.
OTHER INFORMATION
7 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.