-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, G1ORVnZGXgovHI8d5E71OzjMMdjfD7V52F6MD/Uq6PUiX+V3kY5Vf857SIeCDx5/ UhPPM5ra8Zasue0wVo2FHA== 0000950134-04-016498.txt : 20041105 0000950134-04-016498.hdr.sgml : 20041105 20041105110719 ACCESSION NUMBER: 0000950134-04-016498 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041104 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041105 DATE AS OF CHANGE: 20041105 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WILLIAMS COAL SEAM GAS ROYALTY TRUST CENTRAL INDEX KEY: 0000895007 STANDARD INDUSTRIAL CLASSIFICATION: OIL ROYALTY TRADERS [6792] IRS NUMBER: 756437433 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11608 FILM NUMBER: 041121488 BUSINESS ADDRESS: STREET 1: NATIONSBANK OF TEXAS N A (TRUST DIV) STREET 2: 901 MAIN ST STE 1700 CITY: DALLAS STATE: TX ZIP: 75202 BUSINESS PHONE: 2145082364 MAIL ADDRESS: STREET 1: NATIONSBANK PLAZA STREET 2: 901 MAIN STREET SUITE 1700 CITY: DALLAS STATE: TX ZIP: 75202 8-K 1 d19817e8vk.htm FORM 8-K e8vk
Table of Contents



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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 4, 2004

WILLIAMS COAL SEAM GAS ROYALTY TRUST

(Exact name of Registrant as specified in its charter)
         
Delaware   001-11608   75-6437433
(State or other jurisdiction of   (Commission   (I.R.S. Employer
incorporation or organization)   File Number)   Identification No.)
         
Trust Division        
Royalty Trust Group        
Bank of America, N.A.        
901 Main Street, 17th Floor        
Dallas, Texas       75202
(Address of principal executive offices)       (Zip Code)

Registrant’s Telephone Number, including area code: (214) 209-2400

Not Applicable
(Former name, former address and former fiscal year, 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))



 


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Item 2.02. Results of Operations And Financial Condition.
Item 9.01. Financial Statements and Exhibits.
SIGNATURES
EXHIBIT INDEX
Press Release


Table of Contents

Item 2.02. Results of Operations And Financial Condition.

     On November 4, 2004, the Registrant issued a press release announcing its quarterly cash distribution to unitholders of record on November 15, 2004. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

     This Report on Form 8-K is being furnished pursuant to Item 2.02, Results of Operations and Financial Condition. The information furnished is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

Item 9.01. Financial Statements and Exhibits.

     (c) Exhibits

    99.1   Press Release dated November 4, 2004.

 


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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 thereunto duly authorized.
         
  Williams Coal Seam Gas Royalty Trust

By: Bank of America, N.A., Trustee
 
 
    By:   /s/ RON E. HOOPER    
      Ron E. Hooper   
      Senior Vice President and Administrator   
 

Date: November 5, 2004

 


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EXHIBIT INDEX

     
Exhibit    
Number
  Description
99.1
  Press Release dated November 4, 2004.

 

EX-99.1 2 d19817exv99w1.htm PRESS RELEASE exv99w1
 

Exhibit 99.1

WILLIAMS COAL SEAM GAS ROYALTY TRUST

PRESS RELEASE

Williams Coal Seam Gas Royalty Trust Announces Quarterly Cash Distribution

     DALLAS, TEXAS, November 4, 2004 — Bank of America, N.A., as trustee of Williams Coal Seam Gas Royalty Trust, today announced a quarterly cash distribution to the holders of its units of beneficial interest of $0.372400 per unit, payable November 29, 2004 to unitholders of record on November 15, 2004.

     The Trust owns net profits interests in certain proved coal seam gas properties owned by Williams Production Company (WPC) and located in the San Juan Basin of northwestern New Mexico (the “Working Interest Properties”) and southwestern Colorado, including WPC’s 35 percent net profits interest in 5,348 gross acres in La Plata County, Colorado (the “Farmout Properties”). The distribution per unit decreased from $0.405316 to $0.372400 primarily as the result of the inclusion in the previous quarter of approximately $.03 per unit of prior period adjustments that did not re-occur in this quarter.

     WPC reported that production attributable to its gross interests in the properties burdened by the Trust’s net profits interests was 4.5 trillion British thermal units (TBtu) during the period associated with this quarterly cash distribution compared to 4.7 TBtu during the preceding period. When prior period adjustments are excluded, production in the current quarter was 4.5 TBtu compared to a similar 4.6 TBtu in the preceding quarter. The net contract price per MMBtu for this quarter was $2.38 per MMBtu as compared to $2.34 per MMBtu for previous quarter. WPC also reported approximately 246 infill wells have been drilled and of those, 179 wells are producing as of 10/31/2004, but are not yet in pay status to the Trust. This will occur after payout has been reached.

     The Trust is a grantor trust formed by The Williams Companies, Inc., parent company of WPC, and was designed to provide unitholders with quarterly cash distributions and tax credits under Section 29 of the Internal Revenue Code, which has expired as of 12/31/2002, from certain coal seam gas properties. The units are listed on The New York Stock Exchange under the symbol “WTU”.

     For more information on Williams Coal Seam Gas Royalty Trust, please visit our website at
http://www.wtu-williamscoalseamgastrust.com/.

* * *

CONTACT:

Ron E. Hooper, Senior Vice President
Bank of America, N.A., Trustee
(800) 365-6544

 

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