0001144204-11-022906.txt : 20110419 0001144204-11-022906.hdr.sgml : 20110419 20110419121934 ACCESSION NUMBER: 0001144204-11-022906 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110419 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110419 DATE AS OF CHANGE: 20110419 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: 11767368 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 v219086_8k.htm Unassociated Document
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):  April 19, 2011

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.)
 
U.S. Trust, Bank of America
Private Wealth Management
Trustee
P.O. Box 830650
Dallas, Texas
75283-0650
(Address of Principal Executive Offices) (Zip Code)
 
(877) 228-5083
(Registrant’s 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 April 19, 2011, the Registrant issued a news release announcing its monthly cash distribution to unitholders of record on April 29, 2011.  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 April 19, 2011
 
 
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
  
       
       
Date:  April 19, 2011
By:
/s/ Nancy G. Willis  
    Nancy G. Willis  
   
Vice President
  
       
 
 
 
EXXON MOBIL CORPORATION
  
       
       
 
By:
/s/ Len M. Fox  
    Len M. Fox  
   
Assistant Controller
  
       
 
 
3
 
 
EXHIBIT INDEX


Exhibit Number and Description

99.1
News Release dated April 19, 2011
 
 
4
 
EX-99.1 2 v219086_ex99-1.htm Unassociated Document
EXHIBIT 99.1

[NEWS RELEASE LETTERHEAD OF HUGOTON ROYALTY TRUST APPEARS HERE]


HUGOTON ROYALTY TRUST
DECLARES APRIL CASH DISTRIBUTION

Dallas, Texas, April 19, 2011 – 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 $0.102412 per unit, payable on May 13, 2011, to unitholders of record on April 29, 2011. 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
     1,657,000       59,000     $ 4.89  
                         
Prior Month Distribution
     1,852,000       60,000     $ 4.67  


 
(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 $850,000, production expense of $1,769,000 and overhead of $900,000 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.
 
Statements made in this press release regarding future events or conditions are forward looking statements.  Actual future results, including development costs, could differ materially due to changes in natural gas prices and other economic conditions affecting the gas industry and other factors described in Part I, Item 1A of the trust's Annual Report on Form 10-K for the year ended December 31, 2010.
 
*          *          *
 
Contact:
Nancy G. Willis
Vice President
U.S. Trust, Bank of America Private
Wealth Management,
Trustee
(Toll Free)
877-228-5083