DALLAS, Nov. 18,
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 $0.092742 per unit, payable on December 13, 2024, to unitholders of record on
November 29, 2024. The following
table shows underlying oil and gas sales and average prices
attributable to the current month and prior month
distributions.
|
|
Underlying
Sales
|
|
|
|
|
Volumes
(a)
|
|
Average
Price
|
|
|
Oil
(Bbls)
|
|
Gas
(Mcf)
|
|
Oil
(per Bbl)
|
|
Gas
(per Mcf)
|
|
|
Current Month
Distribution
|
|
13,000
|
|
86,000
|
|
$71.39
|
|
$3.54
|
|
|
Prior Month
Distribution
|
|
12,000
|
|
82,000
|
|
$76.77
|
|
$4.46
|
|
|
(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.
|
|
|
|
|
|
|
|
|
|
|
|
Excess Costs
XTO Energy has advised the Trustee that excess costs increased by
$133,000 on properties underlying the
Texas Working Interest net profits interests. However, these excess
costs did not reduce net proceeds from the remaining conveyances.
Underlying cumulative excess costs remaining on the Texas Working
Interest net profits interests total $4,160,000, including accrued interest of
$1,088,000.
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.
View original
content:https://www.prnewswire.com/news-releases/cross-timbers-royalty-trust-declares-november-cash-distribution-302308159.html
SOURCE Cross Timbers Royalty Trust
