Attached files
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| 8-K - HUGOTON ROYALTY TRUST | v171609_8k.htm |
EXHIBIT
99.1
[NEWS
RELEASE LETTERHEAD OF HUGOTON ROYALTY TRUST APPEARS HERE]
HUGOTON
ROYALTY TRUST
DECLARES
JANUARY CASH DISTRIBUTION
Dallas, Texas, January 19,
2010 – 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 $0.134756 per unit, payable
on February 12, 2010, to unitholders of record on January 29, 2010. 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 November.
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Underlying
Gas Sales
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Volumes
(Mcf) (a)
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Average
Gas
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Total
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Daily
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Price
per Mcf
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Current
Month Distribution
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2,094,000
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70,000
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$4.75
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Prior
Month Distribution
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2,166,000
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70,000
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$3.94
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__________
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(a)
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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.
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XTO
Energy has advised the trustee that it has deducted budgeted development costs
of $500,000, production expense of $1,780,000 and overhead of $910,000 in
determining the royalty payment to the Trust for the current month.
Other
XTO Energy has advised the trustee that
increased gas prices led to the full recovery of excess costs and accrued
interest on properties underlying the Kansas net profits interests, which is
again contributing to the current month distribution.
For more information on the Trust,
please visit our web site at www.hugotontrust.com.
[NEWS
RELEASE LETTERHEAD OF HUGOTON ROYALTY TRUST APPEARS HERE]
* * *
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Contacts:
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Nancy
G. Willis
Vice
President
U.S.
Trust, Bank of America
Private
Wealth Management,
Trustee
(Toll
Free)
877-228-5083
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Louis
G. Baldwin
Executive
Vice President &
Chief
Financial Officer
XTO
Energy Inc.
817-870-2800
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