FORT WORTH, Texas, May 12 /PRNewswire-FirstCall/ -- XTO Energy Inc. today distributed a dividend of .059609 units of Hugoton Royalty Trust for each issued and outstanding share of XTO Energy's common stock held as of the April 26, 2006 record date with an ex-dividend date of April 24, 2006. The distribution is a qualified dividend for tax purposes. The basis of the HGT units received is $28.305 per unit, which is the average of the high and low NYSE price traded for the units on May 12, 2006. Cash paid in lieu of fractional shares is based on the net proceeds received by XTO from the third party sale of fractional and unallocated units. The total taxable dividend is the sum of the basis of the units and the cash received.
XTO Energy Inc. is a domestic energy producer engaged in the acquisition, development and discovery of quality, long-lived oil and natural gas properties in the United States. Its properties are concentrated in Texas, New Mexico, Arkansas, Oklahoma, Kansas, Wyoming, Colorado, Alaska, Utah, Mississippi and Louisiana.
This release can be found at http://www.xtoenergy.com/ .
