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): March 20, 2003
HUGOTON ROYALTY TRUST
(Exact name of registrant as specified in its charter)
Texas |
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(State or other jurisdiction of |
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incorporation or organization) |
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Trust Division |
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Royalty Trust Group |
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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 | ||||||
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Not Applicable | ||||||
(Former name, former address and former fiscal year, if changed since last report) | ||||||
Item 5. Other Events.
XTO Energy Inc. has advised the trustee that the state district court has tentatively approved a settlement in the class action lawsuit, Booth, et al. v. Cross Timbers Oil Company. XTO Energy currently estimates that the portion related to the trust is approximately $850,000, or 2.1 cents per unit. This amount reflects the trust=s 80% share of the settlement relating to production from the underlying properties for periods since December 1, 1998, the date of creation of the trust. Assuming that the court approves the settlement at a fairness hearing in April 2003 and that no appeal is filed, and based on XTO Energy’s anticipated settlement payment date of July 2003, this amount will reduce the trust’s August 2003 distribution, which is paid to unitholders in September. The effect of the settlement on future distributions for other months will not be significant.
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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: March 20, 2003 |
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| 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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