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Hugoton Royalty Trust Message Board

  • rcdt999 rcdt999 Jan 18, 2008 4:01 PM Flag

    Nice dividend increase

    climbing back

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    • Watch the distributions soar over the next few months:

      "XTO Energy has advised the trustee that limited pipeline capacity for shipping from the Rocky Mountain region led to lower realized regional gas prices for production, resulting in lower monthly trust distributions.

      Significantly lower gas prices in the Rocky Mountain region caused costs to exceed revenues on properties underlying the Wyoming net profits interests for the November and December distributions. These excess costs did not reduce net proceeds from the remaining conveyances. With the onset of winter demand, Rocky Mountain gas prices have increased and the Trust began recovering the excess costs on the Wyoming conveyance. However, there were not enough proceeds from the Wyoming conveyance to be included in this month’s distribution. With winter demand and the completion of the first phase of the pipeline expansion in January 2008, realized gas prices and monthly distributions are expected to improve."

      (HGT 8-K filed 1/18/08)

1.55+0.04(+2.65%)Feb 8 4:03 PMEST