EX-99.1 2 v190944_ex99-1.htm Unassociated Document
EXHIBIT 99.1

[NEWS RELEASE LETTERHEAD OF HUGOTON ROYALTY TRUST APPEARS HERE]
 
HUGOTON ROYALTY TRUST
DECLARES JULY CASH DISTRIBUTION

 
Dallas, Texas, July 20, 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 $0.124857 per unit, payable on August 13, 2010, to unitholders of record on July 30, 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 May.

   
Underlying Gas Sales
       
   
Volumes (Mcf) (a)
   
Average Gas
 
   
Total
   
Daily
   
Price per Mcf
 
                   
Current Month Distribution
    2,075,000       67,000     $ 4.33  
                         
Prior Month Distribution
    1,973,000       66,000     $ 4.37  
                         

(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 it has deducted budgeted development costs of $500,000, production expense of $1,714,000 and overhead of $926,000 in determining the royalty payment to the Trust for the current month.

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

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Contact:
Nancy G. Willis
Vice President
U.S. Trust, Bank of America Private Wealth Management,
Trustee
(Toll Free)
877-228-5083