RE: Hugoton Royalty Trust, HGT
This is open to anyone to answer..
If the average gas price was $4.07 per Mcf. and they are able to sell it now at $7 or higher in 2001...does the surplus go straight to bottom line earnings or am I missing other costs?
Also how do they calculate the cash distributions?
Can a person estimate what forward earnings will be in 2001 based on avg. gas price?
Re: Development costs,Production expense,overhead..
Do these stay relatively flat or do they increase as
the trusts gas production increases? What I am really asking here is does this investment pay x% cash each month or quarter as well as offer capital gains by way of increasing production from properties at a high gas prices which may lift the share price?
Any comments appreciated.
-def
DALLAS, Nov 17, 2000 /PRNewswire via COMTEX/ -- Bank of America, N.A., as Trustee of the Hugoton Royalty Trust
(NYSE: HGT chart, msgs), today declared a cash distribution to the holders of its units of beneficial interest of $0.158464 per unit, payable on December 14, 2000, to unit holders of record on November 30, 2000. Gas production for the properties from which the royalty was carved, which is primarily attributable to September, totaled approximately 3,031,000 Mcf. The average gas price was $4.07 per Mcf. Development costs for the month were $2,598,000, an increase of $705,000, or 1.4 cents per unit, from development costs related to the October distribution. Production expense was $1,070,000 and overhead was $586,000.
Source: Hugoton Royalty Trust |
