DALLAS, Aug. 19 /PRNewswire-FirstCall/ -- 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 $0.177270
per unit, payable on September 15, 2005, to unitholders of record on
August 31, 2005. 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 June.
Underlying Gas Sales
Volumes (Mcf) (A) Average Gas
Total Daily Price per Mcf
Current Month Distribution 2,488,000 83,000 $5.74
Prior Month Distribution 2,577,000 83,000 $6.34
(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.
Nine wells are currently being drilled on the underlying properties.
Budgeted development costs of $3,300,000 were deducted for this distribution.
Production expense for the month was $1,507,000 and overhead was $662,000.
For more information on the Trust, please visit our web site at
http://www.hugotontrust.com .
SOURCE Hugoton Royalty Trust
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Related links:
http://www.hugotontrust.com
CONTACT:
Nancy G. Willis, Vice President of Bank of
America, N.A., +1-877-228-5083; or Louis G. Baldwin, Executive
Vice President & Chief Financial Officer of XTO Energy, Inc.,
+1-817-870-2800, both for Hugoton Royalty Trust
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