Hugoton Royalty Trust, established in 1998, holds 80 net profits interests in gas-producing properties across Kansas, Oklahoma, and Wyoming, making it the sole asset of the trust. Monthly net profits income is distributed to unitholders based on net proceeds from working interests in these properties, with distributions calculated and paid by XTO Energy.
Units of beneficial interest in the trust were first offered in 1999 and are traded on the New York Stock Exchange under the symbol HGT. As of 2018, the trust began trading on the OTCQX Best Market under the symbol HGTXU, managed by Argent Trust Company as the trustee.
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