| Business Summary | | Hugoton
Royalty
Trust
is
an
express
trust.
Bank
of
America
N.A.
is
now
the
trustee
of
the
trust.
The
trustee's
function
is
to
collect
the
royalty
income
from
the
net
profits
interests,
to
pay
all
trust
expenses,
and
pay
the
monthly
distribution
amount
to
unit
holders.
The
trustee's
powers
are
specified
by
the
terms
of
the
trust
indenture.
The
trust
cannot
engage
in
any
business
activity
or
acquire
any
assets
other
than
the
net
profits
interests
and
specific
short-term
cash
investments.
The
trustee
performs
all
administrative
functions. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Hugoton
Royalty
Trust
is
a
grantor
trust,
created
by
Cross
Timbers
Oil
Co.
and
owns
net
profits
interests
in
principally
natural
gas
producing
properties
located
in
the
Hugoton
area
of
KS
and
OK,
the
Anadarko
Basin
of
OK
and
the
Green
River
Basin
of
WY.
For
the
six
months
ended
6/30/01,
revenues
rose
from
$22.3
million
to
$55.5
million.
Distributable
income
rose
from
$22.2
million
to
$55.4
million.
Results
reflect
higher
oil
and
gas
prices
and
increased
interest
income. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Ron Hooper | Trustee |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|