DALLAS, Sept. 18 /PRNewswire-FirstCall/ -- 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 $0.092712 per unit, payable on October 15, 2009, to unitholders of record on September 30, 2009. 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 July. Underlying Gas Sales Volumes (Mcf) (a) Average Gas -------------------- Total Daily Price per Mcf ----- ----- ------------- Current Month Distribution 2,171,000 70,000 $3.30 Prior Month Distribution 2,133,000 71,000 $3.08 ------------------------ (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 four wells are currently being drilled on the underlying properties and that it has deducted budgeted development costs of $500,000, production expense of $1,341,000 and overhead of $910,000 in determining the royalty payment to the Trust for the current month. Development Costs XTO Energy has advised the trustee that it decreased the monthly development cost deduction from $1 million to $500,000 beginning with the September 2009 distribution and expects it to remain at that level through the December 2009 distribution. The development cost deduction will continue to be evaluated and revised as necessary. The monthly deduction is based on the current level of development expenditures, budgeted future development costs and the cumulative actual costs under or over the previous deductions. Other Effective October 5, 2009, American Stock Transfer & Trust Company (AST) will serve as the new transfer agent and registrar for Hugoton Royalty Trust. Beginning October 5th, unitholders with registered ownership accounts can contact AST with questions relating to transfers of ownership and instruction, a change of address, direct deposit of distribution checks, and any other account related questions. A dedicated toll free number to call AST will be provided to registered unitholders as soon as it becomes available. 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 development activities, annual and monthly development costs 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 December 31, 2008, which is incorporated by reference as though fully set forth herein. Although XTO Energy and the trustee believe that the expectations reflected in such forward-looking statements are reasonable, neither XTO Energy nor the trustee can give any assurance that such expectations will prove to be correct. DATASOURCE: U.S. Trust CONTACT: Nancy G. Willis, Vice President of U.S. Trust, Bank of America Private Wealth Management, Trustee, 1-877-228-5083; or Louis G. Baldwin, Executive Vice President & Chief Financial Officer of XTO Energy Inc., +1-817-870-2800

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