DALLAS, Aug. 20,
2024 /PRNewswire/ -- Argent Trust Company, as
Trustee of the Cross Timbers Royalty Trust (the "Trust") (NYSE:
CRT), today declared a cash distribution to the holders of its
units of beneficial interest of $0.055175 per unit, payable on September 16, 2024, to unitholders of record on
August 30, 2024. The following table
shows underlying oil and gas sales and average prices attributable
to the current month and prior month distributions.
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Underlying
Sales
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|
|
|
Volumes
(a)
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|
Average
Price
|
|
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Oil
(Bbls)
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|
Gas
(Mcf)
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|
Oil
(per Bbl)
|
|
Gas
(per Mcf)
|
|
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Current Month
Distribution
|
|
13,000
|
|
67,000
|
|
$76.84
|
|
$3.33
|
|
|
Prior Month
Distribution
|
|
12,000
|
|
186,000
|
|
$78.39
|
|
$4.03
|
|
|
(a)
Sales volumes are recorded in the month the Trust receives the
related net profits income. Because of this, sales volumes may
fluctuate from month to month based on the timing of cash
receipts.
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Excess Costs
XTO Energy has advised the Trustee that
$26,000 of excess costs were
recovered on properties underlying the Texas Working Interest net
profits interests. However, after the partial recovery, there were
no remaining proceeds from the properties underlying the Texas
Working Interest net profits interests to be included in this
month's distribution. Underlying cumulative excess costs remaining
on the Texas Working Interest net profits interests total
$3,697,000, including accrued
interest of $1,008,000.
For more information on the Trust, including the annual tax
information, distribution amounts, and historical press releases,
please visit our website at www.crt-crosstimbers.com.
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content:https://www.prnewswire.com/news-releases/cross-timbers-royalty-trust-declares-august-cash-distribution-302225879.html
SOURCE Cross Timbers Royalty Trust