DALLAS, Feb. 16,
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 $0.114156 per
unit, payable on March 14, 2024, to
unitholders of record on February 29,
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
|
|
|
|
|
Volumes
(a)
|
|
Average
Price
|
|
|
Oil
(Bbls)
|
|
Gas
(Mcf)
|
|
Oil
(per Bbl)
|
|
Gas
(per Mcf)
|
|
|
Current Month
Distribution
|
|
14,000
|
|
123,000
|
|
$73.21
|
|
$4.26
|
|
|
Prior Month
Distribution
|
|
14,000
|
|
80,000
|
|
$79.71
|
|
$4.18
|
|
|
(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 excess costs increased by
$172,000 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 $3,360,000, including accrued interest of
$860,000.
XTO Energy has advised the Trustee excess costs increased by
$17,000 on properties underlying the
Oklahoma 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
Oklahoma Working Interest net profits interests total $17,000.
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-february-cash-distribution-302063794.html
SOURCE Cross Timbers Royalty Trust
