XTO Energy (XTO Quote) said it will retain its property interests underlying the Hugoton (HGT Quote) and Cross Timbers (CRT Quote) royalty trusts.
The Fort Worth, Texas, company had said in January it would seek a buyer for those properties in what it called a tax-efficient transaction. The Hugoton properties are primarily operated working interests in Kansas, Oklahoma and Wyoming. The Cross Timbers properties include royalty interests in Texas, Oklahoma and New Mexico, and working interests primarily operated by others in Texas and Oklahoma.- Loading Comments...
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