XTO to Retain Properties in Hugoton and Cross Timbers
XTO Energy Inc. previously announced it was considering divesting its underlying property interests in both Hugoton Royalty Trust (HGT) and Cross Timbers Royalty Trust (CRT). After a full review, the Company's Board of Directors has concluded XTO will retain ownership of these underlying property interests.
The HGT properties are primarily operated working interests in Kansas, Oklahoma and Wyoming. The CRT properties include royalty interests in Texas, Oklahoma and New Mexico, and working interests primarily operated by others in Texas and Oklahoma.
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, Louisiana and Mississippi.
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