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Hugoton Royalty Trust Declares April Cash Distribution
Monday, April 20, 2009 10:52 AM


(Source: PRNewswire-FirstCall)trackingDALLAS, April 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 $0.030901 per unit, payable on May 14, 2009, to unitholders of record on April 30, 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 February.

                                    Underlying Gas Sales                                        Volumes (Mcf) (a)     Average Gas                                      Total       Daily      Price per Mcf      Current Month Distribution     2,062,000     74,000         $3.28      Prior Month Distribution       2,197,000     71,000         $4.49    (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 $2,000,000, production expense of $1,991,000 and overhead of $847,000 in determining the royalty payment to the Trust for the current month.

Development Costs

XTO Energy has advised the trustee that it decreased the monthly development cost deduction from $4 million to $2 million beginning with the April 2009 distribution and expects it to remain at that level through the June 2009 distribution. At that time, XTO Energy will consider further reducing the development cost deduction. The monthly deduction is based on the current level of development expenditures, budgeted future development costs and the cumulative actual costs under or over the previous deductions.

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 of U.S. Trust, Bank of AmericaPrivate Wealth Management, Trustee, 1-877-228-5083; or Louis G. Baldwin,Executive Vice President & Chief Financial Officer of XTO Energy Inc.,+1-817-870-2800

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

A service of YellowBrix, Inc.



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