 DALLAS, July 2, 2021 PRNewswire -- Simmons Bank, as trustee the Trustee, of Hugoton Royalty Trust OTCQB:HGTXU the Trust, announced today that it has entered into a purchase and sale agreement with XTO Energy Inc. XTO Energy pursuant to which XTO Energy would, subject to the terms and conditions in the purchase and sale agreement, acquire for 6,600,000 in cash the net overriding royalty interest created pursuant to the net overriding royalty conveyances held by the Trust and certain other assets constituting substantially all of the assets of the Trust. The consummation of the sale of the assets is subject to the satisfaction of customary closing conditions, including either approval of the sale from holders of units of beneficial interest in the Trust Units holding Units representing eighty percent 80 or more of all the Units outstanding or a final judicial determination authorizing the Trustee to consummate the sale of the assets. 