Le Lézard
Classified in: Oil industry, Business

Cross Timbers Royalty Trust Declares July Cash Distribution



FORT WORTH, Texas, July 20, 2018 /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 $0.125057 per unit, payable on August 14, 2018, to unitholders of record on July 31, 2018. The following table shows underlying oil and gas sales and average prices attributable to the current month and prior month distributions. 



Underlying Sales





Volumes


Average Price



Oil

(Bbls)


Gas

(Mcf)


Oil

(per Bbl)


Gas

(per Mcf)










Current Month Distribution


18,000


114,000


$63.16


$3.95










Prior Month Distribution


18,000


113,000


$60.97


$4.22










Excess Costs
XTO Energy has advised the Trustee that improved oil prices led to the partial recovery of excess costs of $81,000 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 after the current month's distribution totaled $1.9 million, including accrued interest of $206,000.  

For more information on the Trust, please visit our web site at www.crt-crosstimbers.com.

 

SOURCE Cross Timbers Royalty Trust


These press releases may also interest you

at 11:30
Great Western Oil and Gas has named 20 year oil and gas industry executive Brady Parish as chief financial officer.    Prior to joining Great Western Oil and Gas, Parish was senior managing director and head of U.S. oil and gas investment banking for...

at 11:00
Landis+Gyr (SWISS: LAND.SW) has released the 4.0 version of its meter data management system (MDMS) software with added support for complex metering operations to assist utilities with advanced business process automation. This latest update of the...

at 10:17
Oseberg, a leading SaaS and data intelligence company in the oil and gas industry, announced Tuesday the release of a new State and Federal lease dataset of 97,000 Lease and Instrument records across the State of New Mexico....

at 10:07
Huaneng Power International, Inc. ("HPI", or the "Company") today announced its unaudited operating results prepared in accordance with the PRC GAAP for the nine months ended September 30, 2018. For the three quarters of 2018, the Company and its...

at 10:00
In celebration of a great American tradition and back by popular demand, CITGO Petroleum Corporation kicked off the 2018 Ultimate Road Trip Sweepstakes this fall at participating CITGO retail locations. The 12-week nationwide contest will run until...

at 10:00
Risen Energy recently announced that it has won the bid for the NHI HA 50MW solar power station project owned by Vietnam-based Bitexco Group's subsidiary Thap Cham Solar. Combined with the contracts won by the China-based PV module manufacturer for a...




News published on 20 july 2018 at 08:05 and distributed by: