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 $0.082400 per unit, payable on September 16, 2013, to unitholders of record on August 30, 2013.
Yes I was close but to my suprise NG prices were significantly higher than I expected, and production costs were also much higher. Nest month NG prices should fall significantly.
I did correctly predict an increase in development costs. Do not equate the increase in development costs with faster development, instead it is a result of actual costs exceeding budgeted costs for many months.