SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

SIMPSON BOB R

(Last)

(First)

(Middle)

810 HOUSTON STREET

(Street)

FORT WORTH

76102

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
HUGOTON ROYALTY TRUST [ HGT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Dir., CEO & Chair XTO Energy

3. Date of Earliest Transaction (Month/Day/Year)
02/11/2008

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Units of Beneficial Interest	02/11/2008		P		2,440	A	$26.1909	702,440	D
Units of Beneficial Interest	02/11/2008		P		4,975	A	$26.25	707,415	D
Units of Beneficial Interest	02/11/2008		P		2,500	A	$26.2404	709,915	D
Units of Beneficial Interest	02/11/2008		P		85	A	$26.39	710,000	D
Units of Beneficial Interest	02/11/2008		P		2,500	A	$26.3963	712,500	D
Units of Beneficial Interest	02/11/2008		P		3,123	A	$26.4	715,623	D
Units of Beneficial Interest	02/11/2008		P		2,500	A	$26.3172	718,123	D
Units of Beneficial Interest	02/11/2008		P		1,877	A	$26.3554	720,000	D
Units of Beneficial Interest	02/11/2008		P		2,500	A	$26.4412	722,500	D
Units of Beneficial Interest	02/11/2008		P		5,614	A	$26.45	728,114	D
Units of Beneficial Interest	02/11/2008		P		700	A	$26.47	728,814	D
Units of Beneficial Interest	02/12/2008		P		1,186	A	$26.2474	730,000	D
Units of Beneficial Interest	02/12/2008		P		2,500	A	$26.276	732,500	D
Units of Beneficial Interest	02/12/2008		P		2,500	A	$26.2744	735,000	D
Units of Beneficial Interest	02/12/2008		P		2,500	A	$26.248	737,500	D
Units of Beneficial Interest	02/12/2008		P		175	A	$26.19	737,675	D
Units of Beneficial Interest	02/12/2008		P		7,325	A	$26.25	745,000	D
Units of Beneficial Interest	02/12/2008		P		2,500	A	$26.2704	747,500	D
Units of Beneficial Interest	02/12/2008		P		2,500	A	$26.272	750,000	D
Units of Beneficial Interest	02/12/2008		P		2,500	A	$26.2572	752,500	D
Units of Beneficial Interest	02/12/2008		P		2,500	A	$26.2692	755,000	D
Units of Beneficial Interest	02/12/2008		P		5,000	A	$26.28	760,000	D
Units of Beneficial Interest	02/12/2008		P		2,500	A	$26.3476	762,500	D
Units of Beneficial Interest	02/12/2008		P		2,500	A	$26.3352	765,000	D
Units of Beneficial Interest	02/12/2008		P		5,000	A	$26.35	770,000	D
Units of Beneficial Interest	02/12/2008		P		2,500	A	$26.286	772,500	D
Units of Beneficial Interest	02/12/2008		P		2,500	A	$26.2568	775,000	D
Units of Beneficial Interest	02/12/2008		P		2,500	A	$26.2768	777,500	D
Units of Beneficial Interest	02/12/2008		P		2,500	A	$26.2698	780,000	D
Units of Beneficial Interest	02/12/2008		P		539	A	$26.26	780,539	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

Remarks:

Part 1 of 2

	Frank G. McDonald, Attorney-in-Fact for Bob R. Simpson	02/13/2008
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.