-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, N3OXHK9cfABSFz91rgMVZ2IkYbRN0KmjknQbIN6wlM4y0pQp4QPD0fs4Anf1xLy8 zMNmkph93IF+Orv9hYcN8g== 0001104659-04-028047.txt : 20040920 0001104659-04-028047.hdr.sgml : 20040920 20040920170222 ACCESSION NUMBER: 0001104659-04-028047 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040920 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20040920 DATE AS OF CHANGE: 20040920 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HUGOTON ROYALTY TRUST CENTRAL INDEX KEY: 0000862022 STANDARD INDUSTRIAL CLASSIFICATION: OIL ROYALTY TRADERS [6792] IRS NUMBER: 586379215 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10476 FILM NUMBER: 041037887 BUSINESS ADDRESS: STREET 1: C/O NATIONS BANK, N.A. TRUSTEE STREET 2: 901 MAIN ST., 17TH FLOOR CITY: DALLAS STATE: TX ZIP: 75202 BUSINESS PHONE: 2145082400 8-K 1 a04-10735_18k.htm 8-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

 

FORM 8 -K

 

CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934

 

Date of report (Date of earliest event reported):  September 20, 2004

 

HUGOTON ROYALTY TRUST

(Exact Name of Registrant as Specified in Its Charter)

 

 

 

Texas

(State or Other Jurisdiction of Incorporation)

 

 

 

1-10476

 

58-6379215

(Commission File Number)

 

(IRS Employer Identification No.)

 

 

 

Trust Division
Royalty Trust Group
Bank of America, N.A.
901 Main Street, 17th Floor
P.O. Box 830650
Dallas, Texas 75283-0650

 

75202

(Address of Principal Executive Offices)

 

(Zip Code)

 

 

 

(877) 228-5083

(Registrants Telephone Number, Including Area Code)

 

 

 

NONE

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

Item 2.02.      Results of Operations and Financial Condition.

 

On September 20, 2004, the Registrant issued a news release announcing its monthly cash distribution to unitholders of record on September 30, 2004.  A copy of the news release is furnished as Exhibit 99.1.

 

The information in this Current Report, including the news release attached hereto, is being furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities of that Section.

 

Item 9.01.      Financial Statements and Exhibits.

 

(c)           Exhibits.

 

99.1 News Release dated September 20, 2004

 

2

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

 

HUGOTON ROYALTY TRUST

 

 

 

 

 

 

 

 

 

By:

BANK OF AMERICA, N.A., TRUSTEE FOR
HUGOTON ROYALTY TRUST

 

 

 

 

 

 

 

 

 

 

 

 

Date:  September 20, 2004

 

 

By:

/s/ Nancy G. Willis

 

 

 

 

 

Nancy G. Willis

 

 

 

 

 

Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

XTO ENERGY INC.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/ Bennie G. Kniffen

 

 

 

 

 

Bennie G. Kniffen

 

 

 

 

 

Senior Vice President and Controller

 

 

3

 

EXHIBIT INDEX

 

Exhibit Number and Description

 

99.1         News Release dated September 20, 2004

 

4

 EX-99.1 2 a04-10735_1ex99d1.htm EX-99.1

EXHIBIT 99.1

 

[NEWS RELEASE LETTERHEAD OF HUGOTON ROYALTY TRUST APPEARS HERE]

 

HUGOTON ROYALTY TRUST
DECLARES SEPTEMBER CASH DISTRIBUTION

 

Dallas, Texas, September 20, 2004 – Bank of America, N.A., as Trustee of the Hugoton Royalty Trust (NYSE – HGT), today declared a cash distribution to the holders of its units of beneficial interest of $0.205306 per unit, payable on October 15, 2004, to unitholders of record on September 30, 2004.  The following table shows underlying gas sales and average prices attributable to the current month and prior month distributions.  Underlying gas sales volumes attributable to the current month distribution were primarily produced in July.

 

 

 

Underlying Gas Sales
Volumes (Mcf)

 

Average Gas

 

 

 

Total

 

Daily

 

Price per Mcf

 

 

 

 

 

 

 

 

 

Current Month Distribution

 

2,558,000

 

83,000

 

 

$  5.60

 

 

 

 

 

 

 

 

 

Prior Month Distribution

 

2,468,000

 

82,000

 

 

$  5.77

 

 

Seven wells are currently being drilled on the underlying properties. Budgeted development costs of $1,700,000 were deducted for this distribution. Production expense for the month was $1,442,000 and overhead was $656,000.

 

Development Costs

 

XTO Energy has advised the Trustee that it plans to drill an additional five wells on the underlying properties in Oklahoma by year end. Because of this, XTO Energy will increase the monthly development cost deduction from $1,700,000 to $2,000,000 beginning with the October 2004 distribution. This increased monthly deduction is expected to be maintained through the March 2005 distribution, and is based on estimated development expenditures for the remainder of 2004. This deduction will be evaluated and revised as necessary.

 

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

 

*          *          *

 

Contacts:

 

Nancy G. Willis 
Vice President 
Bank of America, N.A. 
(Toll Free) 
877/228-5083

 

Louis G. Baldwin 
Executive Vice President &
Chief Financial Officer 
XTO Energy, Inc. 
817/870-2800

 

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