FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response... 0.5

(Print or Type Responses)

1. Name and Address of Reporting Person * SIMPSON BOB R   2. Issuer Name and Ticker or Trading Symbol HUGOTON ROYALTY TRUST [HGT] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Dir., CEO & Chair XTO Energy (Last) (First) (Middle) 810 HOUSTON STREET 3. Date of Earliest Transaction (Month/Day/Year) 12/31/2007 (Street) FORT WORTH, TX 76102 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Units of Beneficial Interest 12/31/2007   P   10,000 A $ 22.05 510,000 D   Units of Beneficial Interest 12/31/2007   P   5,000 A $ 22.0848 515,000 D   Units of Beneficial Interest 12/31/2007   P   4,800 A $ 22.12 519,800 D   Units of Beneficial Interest 12/31/2007   P   200 A $ 22.19 520,000 D   Units of Beneficial Interest 12/31/2007   P   999 A $ 22.1969 520,999 D   Units of Beneficial Interest 12/31/2007   P   4,001 A $ 22.2431 525,000 D   Units of Beneficial Interest 12/31/2007   P   5,000 A $ 22.2478 530,000 D   Units of Beneficial Interest 12/31/2007   P   11 A $ 22.25 530,011 D   Units of Beneficial Interest 12/31/2007   P   943 A $ 22.2931 530,954 D   Units of Beneficial Interest 12/31/2007   P   4,046 A $ 22.348 535,000 D   Units of Beneficial Interest 12/31/2007   P   2,016 A $ 22.3465 537,016 D   Units of Beneficial Interest 12/31/2007   P   2,984 A $ 22.3986 540,000 D   Units of Beneficial Interest 12/31/2007   P   25,000 A $ 22.35 565,000 D   Units of Beneficial Interest 12/31/2007   P   5,000 A $ 22.3488 570,000 D   Units of Beneficial Interest 12/31/2007   P   5,000 A $ 22.3484 575,000 D   Units of Beneficial Interest 12/31/2007   P   5,000 A $ 22.3432 580,000 D   Units of Beneficial Interest 12/31/2007   P   5,000 A $ 22.3485 585,000 D   Units of Beneficial Interest 12/31/2007   P   6,700 A $ 22.41 591,700 D   Units of Beneficial Interest 12/31/2007   P   2,800 A $ 22.46 594,500 D   Units of Beneficial Interest 01/02/2008   P   300 A $ 22.5933 594,800 D   Units of Beneficial Interest 01/02/2008   P   310 A $ 22.7401 595,110 D   Units of Beneficial Interest 01/02/2008   P   4,890 A $ 22.8559 600,000 D   Units of Beneficial Interest 01/02/2008   P   5,000 A $ 22.8958 605,000 D   Units of Beneficial Interest 01/02/2008   P   2,800 A $ 22.9028 607,800 D   Units of Beneficial Interest 01/02/2008   P   2,200 A $ 22.96 610,000 D   Units of Beneficial Interest 01/02/2008   P   5,000 A $ 22.9673 615,000 D   Units of Beneficial Interest 01/02/2008   P   5,000 A $ 22.97 620,000 D   Units of Beneficial Interest 01/02/2008   P   5,000 A $ 22.9832 625,000 D   Units of Beneficial Interest 01/02/2008   P   2,800 A $ 22.9857 627,800 D   Units of Beneficial Interest 01/02/2008   P   5,000 A $ 23.05 632,000 D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
SIMPSON BOB R 810 HOUSTON STREET FORT WORTH, TX 76102			Dir., CEO & Chair XTO Energy

Signatures

Frank G. McDonald, Attorney-in-Fact for Bob R. Simpson		01/03/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Remarks: Form 1 of 2 forms reporting transactions on December 31, 2007 and January 2, 2008.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.