HGT 8K 0612 Cash Distribution

0000868809-06-000080.txt : 20061218 0000868809-06-000080.hdr.sgml : 20061218 20061218160321 ACCESSION NUMBER: 0000868809-06-000080 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20061218 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20061218 DATE AS OF CHANGE: 20061218 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: 061283480 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 form_8k.htm HGT 8K 0612 CASH DISTRIBUTION HGT 8K 0612 Cash Distribution

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): December 18, 2006

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, 17^th Floor
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):

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

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

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

¨ 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 December 18, 2006, the Registrant issued a news release announcing its monthly cash distribution to unitholders of record on December 29, 2006. 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 December 18, 2006

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: December 18, 2006	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

EXHIBIT INDEX

Exhibit Number and Description

99.1 News Release dated December 18, 2006

EX-99.1 2 ex99_1.htm EXHIBIT 99.1 PRESS RELEASE Exhibit 99.1 Press Release

EXHIBIT 99.1

[NEWS RELEASE LETTERHEAD OF HUGOTON ROYALTY TRUST APPEARS HERE]

HUGOTON ROYALTY TRUST

DECLARES DECEMBER CASH DISTRIBUTION

Dallas, Texas, December 18, 2006 - 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 $0.045325 per unit, payable on January 16, 2007, to unitholders of record on December 29, 2006. This low distribution is attributable to significantly lower gas prices in October, the primary production month for underlying gas sales volumes. The NYMEX gas price for October was $4.20 per MMBtu, as compared to $6.82 for September, $7.15 for November and $8.32 for December. The following table shows underlying gas sales and average prices attributable to the current month and prior month distributions.

	Underlying Gas Sales Volumes (Mcf) ^(a)
		Total	Daily	Average Gas Price per Mcf
Current Month Distribution		2,531,000	82,000	$ 3.80

Prior Month Distribution		2,483,000	83,000	$ 5.77

(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 $5,000,000 were deducted for this distribution. Production expense for the month was $2,304,000 and overhead was $716,000.

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