logo


Hugoton Royalty Trust Declares March Cash Distribution
Friday, March 20, 2009 9:54 AM


(Source: PRNewswire-FirstCall)trackingDALLAS, March 20 /PRNewswire-FirstCall/ -- U.S. Trust, Bank of America Private Wealth Management, as Trustee of the Hugoton Royalty Trust , today declared a cash distribution to the holders of its units of beneficial interest of $0.047721 per unit, payable on April 14, 2009, to unitholders of record on March 31, 2009. 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 January.

                                        Underlying Gas Sales                                         Volumes (Mcf)(a)     Average Gas                                        Total       Daily    Price per Mcf      Current Month Distribution        2,197,000   71,000       $4.49      Prior Month Distribution          2,284,000   74,000       $4.11    (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 three wells are currently being drilled on the underlying properties and that it has deducted budgeted development costs of $4,000,000, production expense of $1,617,000 and overhead of $852,000 in determining the royalty payment to the Trust for the current month.

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

U.S. Trust

CONTACT: Nancy G. Willis, Vice President, U.S. Trust, Bank of AmericaPrivate Wealth Management, Trustee, toll free, 1-877-228-5083; or Louis G.Baldwin, Executive Vice President & Chief Financial Officer of XTO EnergyInc., +1-817-870-2800

Web Site: http://www.hugotontrust.com/

A service of YellowBrix, Inc.



(0)
No Comments
Post Comment
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
   
 
 
 
 
   
 

  
Related Press Releases
Advertisement
Popular Articles
Advertisement
Partner Center
Fundamental data is provided by Zacks Investment Research, market data is provided by AlphaTrade. , and Commentary and Press Releases provided by Quotemedia