DALLAS, Sept. 20, 2021 /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 $0.162571 per unit, payable on October 15, 2021, to unitholders of record on
September 30, 2021. 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
|
|
134,000
|
|
$68.14
|
|
$6.53
|
|
|
|
|
|
|
|
|
|
|
|
|
Prior Month
Distribution
|
|
15,000
|
|
77,000
|
|
$62.74
|
|
$5.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(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 $56,000 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 after the current
month's distribution total $2.7
million, including accrued interest of $496,000.
For more information on the Trust, please visit our web site at
www.crt-crosstimbers.com.
View original
content:https://www.prnewswire.com/news-releases/cross-timbers-royalty-trust-declares-september-cash-distribution-301380305.html
SOURCE Cross Timbers Royalty Trust