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Article: Mesa Limited Partnership announces intention to create new Hugoton Royalty Trust. (includes text of letter sent to unitholders )
- Article from:
- PR Newswire
- Article date:
- December 14, 1989
CopyrightCOPYRIGHT 1989 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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MESA LIMITED PARTNERSHIP ANNOUNCES INTENTION TO CREATE
NEW HUGOTON ROYALTY TRUST
DALLAS, Dec. 14 /PRNewswire/ -- Mesa Limited Partnership (NYSE: MLP) today announced its intention to create a new Hugoton Royalty Trust which would own royalty interests in substantially all of Mesa's Hugoton field properties. Mesa owns over 230,000 net producing acres with more than one trillion cubic feet of long-life natural gas in the Hugoton field of Kansas, the largest natural gas field in the United States.
Mesa expects that approximately $300 million of interests in the new Hugoton trust will be sold in a public offering in early 1990. ...