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Article: Cross Timbers Oil Company Files Hugoton Royalty Trust Offering.
- Article from:
- PR Newswire
- Article date:
- December 7, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FORT WORTH, Texas, Dec. 7 /PRNewswire/ -- Cross Timbers Oil Company (NYSE: XTO) today announced that is has filed a registration statement with the Securities and Exchange Commission for the offering by the Company of 6,000,000 units of beneficial interest (15%) of its recently formed Hugoton Royalty Trust. Goldman Sachs & Co., Lehman Brothers, Bear, Stearns & Co., Inc., Dain Rauscher Wessels, Donaldson, Lufkin & Jenrette and A.G. Edwards & Sons, Inc. will act as underwriters for the offering.
Bob R. Simpson, Chairman and Chief Executive Officer stated, "The formation and initial public offering of the Hugoton Royalty Trust is our first step in preparing to ...