DALLAS, Sept. 20, 2011 /PRNewswire/ -- 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 $0.133413 per unit, payable on October 17, 2011, to unitholders of record on September 30, 2011. 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.

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(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 it has deducted budgeted development costs of $500,000, production expense of $1,780,000 and overhead of $914,000 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 $850,000 to $500,000 beginning with the September 2011 distribution. The development cost deduction is expected to be maintained at $500,000 through the December 2011 distribution. The development cost deduction will continue to be evaluated and revised as necessary.

Hugoton Royalty Trust

For more information on the Trust, please visit our web site at www.hugotontrust.com.

Statements made in this press release regarding future events or conditions are forward looking statements.  Actual future results, including development costs, could differ materially due to changes in natural gas prices and other economic conditions affecting the gas industry and other factors described in Part I, Item 1A of the trust's Annual Report on Form 10-K for the year ended December 31, 2010.

SOURCE U.S. Trust