CROSS TIMBERS ROYALTY TRUST DECLARES NOVEMBER CASH DISTRIBUTION
Cross Timbers Royalty Trust announced a cash distribution of $0.161024 per unit, to be paid on December 14, 2022, for unitholders of record by November 30, 2022. The current month saw sales of 12,000 barrels of oil and 93,000 Mcf of gas, with average prices of $85.47 for oil and $10.74 for gas. Compared to the prior month, oil sales remained the same, while gas sales increased slightly from 92,000 Mcf. However, excess costs rose by $67,000 in Texas and $377,000 in Oklahoma, totaling $2.0 million and $0.7 million respectively in cumulative excess costs after the distribution.
- Distribution of $0.161024 per unit confirmed, providing cash payout to unitholders.
- Stable oil sales at 12,000 barrels month-over-month.
- Slight increase in gas sales from 92,000 to 93,000 Mcf.
- Excess costs increased by $67,000 in Texas properties, impacting future distributions.
- Excess costs rose by $377,000 in Oklahoma properties, raising concerns over profitability.
DALLAS, Nov. 18, 2022 /PRNewswire/ -- Simmons Bank, as Trustee of the Cross Timbers Royalty Trust (NYSE:CRT), today declared a cash distribution to the holders of its units of beneficial interest of
Underlying Sales | Average Price | |||||||||
Oil | Gas | Oil | Gas (per Mcf) | |||||||
Current Month Distribution | 12,000 | 93,000 | ||||||||
Prior Month Distribution | 12,000 | 92,000 | ||||||||
(a) Sales volumes are recorded in the month the Trust receives the related net profits income. | ||||||||||
Excess Costs
XTO Energy has advised the Trustee that excess costs increased by
XTO Energy has advised the Trustee that excess costs increased by
For more information on the Trust, please visit our website at www.crt-crosstimbers.com.
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SOURCE Cross Timbers Royalty Trust
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