Underlying Gas Sales Volumes (Mcf) (a) Average Gas Total Daily Price per Mcf Current Month Distribution 2,386,000 77,000 $8.22 Prior Month Distribution 2,383,000 77,000 $11.04
(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 thirteen wells are currently being
drilled on the underlying properties and that it has deducted budgeted
development costs of
Other
XTO Energy has advised the trustee that scheduled pipeline maintenance on
a major pipeline transporting gas from the Rocky Mountain region has led to
lower realized gas prices for production in this area, beginning with
For more information on the Trust, please visit our web site at http://www.hugotontrust.com.
Statements made in this press release, including those related to future
realized gas prices and monthly trust distributions, are "forward-looking
statements" within the meaning of Section 27A of the Securities Act of 1933,
as amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, that are subject to risks and uncertainties which are detailed in
Part I, Item 1A of the trust's Annual Report on Form 10-K for the year ended
SOURCE U.S. Trust