SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 21, 2003
HUGOTON ROYALTY TRUST
(Exact name of registrant as specified in its charter)
Texas |
| 1-10476 |
| 58-6379215 |
(State or other jurisdiction of |
| (Commission File Number) |
| (IRS Employer |
Trust Division |
| 75202 |
Royalty Trust Group |
| (Zip Code) |
Bank of America, N.A. |
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901 Main Street, 17th Floor |
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Dallas, Texas |
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(Address of principal executive offices) |
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(214) 209-2400
(Registrant’s telephone number, including area code)
Not Applicable
(Former name, former address and former fiscal year, if changed since last report)
Item 5. Other Events.
XTO Energy has advised the Trustee that development costs for calendar year 2003 are budgeted at approximately $16 million. Based on this budget and development expenditures and deductions for 2002, XTO Energy plans to deduct development costs at a monthly rate of $1,000,000 for the February 2003 through March 2004 distributions. The development cost deduction will be periodically reevaluated and revised if necessary.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| HUGOTON ROYALTY TRUST | |
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| By: | BANK OF AMERICA, N.A., TRUSTEE FOR |
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| HUGOTON ROYALTY TRUST |
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Date: January 22, 2003 |
| By: | /s/ Nancy G. Willis |
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| Nancy G. Willis |
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| Assistant Vice President |
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| XTO ENERGY INC. | |
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| By: | /s/ Louis G. Baldwin |
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| Louis G. Baldwin |
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| Executive Vice President and |
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| Chief Financial Officer |
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