DALLAS, Nov. 17 /PRNewswire-FirstCall/ -- U.S. Trust, Bank of America Private Wealth Management, as Trustee of the Hugoton Royalty Trust (NYSE: HGT), today declared a cash distribution to the holders of its units of beneficial interest of $0.134378 per unit, payable on December 12, 2008, to unitholders of record on November 28, 2008. The following table shows underlying gas sales and average prices attributable to the net overriding royalty payments made by XTO Energy Inc. (XTO Energy) to the Trust for both the current month and prior month distributions. Underlying gas sales volumes attributable to the current month distribution were primarily produced in September.

                                      Underlying Gas Sales
                                       Volumes (Mcf) (a)         Average Gas
                                      Total        Daily        Price per Mcf
    Current Month Distribution      2,276,000     76,000             $5.48
    Prior Month Distribution        2,386,000     77,000             $8.22
    (a)  Sales volumes are recorded in the month the trust receives the
         related net profits income.  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 eight wells are currently being drilled on the underlying properties and that it has deducted budgeted development costs of $4,000,000, production expense of $2,638,000 and overhead of $850,000 in determining the royalty payment to the Trust for the current month.

Other

XTO Energy has advised the trustee that scheduled pipeline maintenance and moderate regional demand have led to lower realized gas prices for production in the Rocky Mountain region, resulting in lower monthly trust distributions. Significantly lower September gas prices in this region caused costs to exceed revenues on properties underlying the Wyoming net profits interests for the current month distribution. These excess costs did not reduce net proceeds from the remaining conveyances. Lower gas prices continued for October 2008 in the Rocky Mountain region and the downward pressure on realized gas prices and monthly distributions is expected to continue over the near term.

For more information on the Trust, please visit our web site at http://www.hugotontrust.com.

Statements made in this press release, including those related to future realized gas prices and monthly trust distributions, are 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are subject to risks and uncertainties which are detailed in Part I, Item 1A of the trust's Annual Report on Form 10-K for the year ended December 31, 2007, which is incorporated by this reference as though fully set forth herein. Although XTO Energy and the trustee believe that the expectations reflected in such forward-looking statements are reasonable, neither XTO Energy nor the trustee can give any assurance that such expectations will prove to be correct.

SOURCE U.S. Trust