HUGOTON ROYALTY TRUST

Hugoton Royalty Trust is an express trust that holds eighty percent net profits interests in predominantly natural gas-producing properties. The trust receives net profits income derived from the sale of oil and natural gas production after deducting applicable taxes, development costs, and production expenses. It does not actively operate oil and gas fields, acquire new operational assets, or employ personnel, as all administrative and managerial duties are conducted by its corporate trustee. Revenue collected from these interests is designated for distribution to holders of its units of beneficial interest.

The underlying oil and natural gas properties associated with the trust are located across Kansas, Oklahoma, and Wyoming. Production and operational activities across these working interests are managed by third-party operators rather than the trust itself. The principal executive office of the trust is situated in Dallas, Texas, where it is administered under the direction of its corporate trustee.

Summary of the business section of Hugoton Royalty Trust's latest annual report, written by StockData.