Subject: DIV
CROSS TIMBERS ROYALTY TRUST DECLARES NOVEMBER CASH DISTRIBUTION
DALLAS, Nov. 17, 2023 /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 $0.149994 per unit, payable on December 14, 2023, to unitholders of record on November 30, 2023. 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 | 21,000 | 140,000 | $76.47 | $4.60 | ||||||
Prior Month Distribution | 14,000 | 105,000 | $75.47 | $3.97 | ||||||
(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 $179,000 of excess costs were recovered 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 total $2,349,000, including accrued interest of $798,000.
For more information on the Trust, please visit our website at www.crt-crosstimbers.com.
SOURCE Cross Timbers Royalty Trust
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