Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Wowzer who wrote (46041)	6/8/1999 10:57:00 AM
From: Hrothgar	Read Replies (2) of 95453

Pure gas play prospect. I rarely post, but if you're looking for a good way to play gas the Hugoton Royalty Trust(HGT) looks good to me. The trust encompasses properties mainly in the Hugoton Gas Field in Kansas/Oklahoma. Cross Timbers Oil of Ft. Worth operates most of the wells. The production is primarily long lived gas from shallow, (less than 5000 ft.) wells with infill drilling potential. I have studied the field a bit over the past few years. It's fairly mature, but very stable with respects to production decline. It's a good direct way to play gas and pays a nice 9-10% annual yield (paid monthly) while you wait. I bought it, for what it's worth.

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