EXHIBIT 99.1
[NEWS RELEASE LETTERHEAD OF HUGOTON ROYALTY TRUST APPEARS HERE]
HUGOTON ROYALTY TRUST
DECLARES APRIL CASH DISTRIBUTION
Dallas, Texas, April 19, 2005 – Bank of America, N.A., as Trustee of the Hugoton Royalty Trust (NYSE – HGT), today declared a cash distribution to the holders of its units of beneficial interest of $0.163129 per unit, payable on May 13, 2005, to unitholders of record on April 29, 2005. The following table shows underlying gas sales and average prices attributable to the current month and prior month distributions. Underlying gas sales volumes attributable to the current month distribution were primarily produced in February.
| | Underlying Gas Sales | | | |
| | Volumes (Mcf) (a) | | Average Gas | |
| | Total | | Daily | | Price per Mcf | |
| | | | | | | |
Current Month Distribution | | 2,292,000 | | 82,000 | | $ | 5.57 | |
| | | | | | | |
Prior Month Distribution | | 2,508,000 | | 81,000 | | $ | 5.67 | |
(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.
Five wells are currently being drilled on the underlying properties. Budgeted development costs of $2,400,000 were deducted for this distribution. Production expense for the month was $1,487,000 and overhead was $617,000.
For more information on the Trust, please visit our web site at www.hugotontrust.com.
* * *
Contacts: | Nancy G. Willis | Louis G. Baldwin |
| Vice President | Executive Vice President & |
| Bank of America, N.A. | Chief Financial Officer |
| (Toll Free) | XTO Energy, Inc. |
| 877/228 5083 | 817/870 2800 |
