0001144204-11-065724.txt : 20111121 0001144204-11-065724.hdr.sgml : 20111121 20111118105210 ACCESSION NUMBER: 0001144204-11-065724 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20111118 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20111118 DATE AS OF CHANGE: 20111118 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: 111215018 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 v241103_8k.htm FORM 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):  November 18, 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 November 18, 2011, the Registrant issued a news release announcing its monthly cash distribution to unitholders of record on November 30, 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 November 18, 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:  November 18, 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 November 18, 2011
 
 
4
 
 
 EX-99.1 2 v241103_ex99-1.htm EXHIBIT 99.1
EXHIBIT 99.1

[NEWS RELEASE LETTERHEAD OF HUGOTON ROYALTY TRUST APPEARS HERE]


HUGOTON ROYALTY TRUST
DECLARES NOVEMBER CASH DISTRIBUTION

Dallas, Texas, November 18, 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 $0.110344 per unit, payable on December 14, 2011, to unitholders of record on November 30, 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 September.

   
Underlying Gas Sales
        
   
Volumes (Mcf) (a)
    
Average Gas
  
   
Total
    
Daily
    
Price per Mcf
  
                   
Current Month Distribution
     1,792,000       60,000     $ 4.64  
                         
Prior Month Distribution
     1,827,000       59,000     $ 4.93  


(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 $1,989,000 and overhead of $899,000 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