CROSS TIMBERS ROYALTY TRUST DECLARES JANUARY CASH DISTRIBUTION

CROSS TIMBERS ROYALTY TRUST DECLARES JANUARY CASH DISTRIBUTION

PR Newswire

DALLAS, Jan. 19, 2024

DALLAS, Jan. 19, 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 $0.115323 per unit, payable on February 14, 2024, to unitholders of record on January 31, 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


14,000


80,000


$79.71


$4.18


Prior Month Distribution


19,000


118,000


$84.61


$5.24


(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 excess costs increased by $52,000 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 $3,165,000, including accrued interest of $837,000.

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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