Welcome to our dedicated page for Cross Timbers news (Ticker: CRT), a resource for investors and traders seeking the latest updates and insights on Cross Timbers stock.
Cross Timbers Royalty Trust (CRT) provides investors with production-based income through oil and gas interests across Texas, Oklahoma, and New Mexico. This page serves as the definitive source for CRT news and regulatory disclosures.
Access real-time updates on royalty distributions, production reports, and operational developments. Our curated news collection includes earnings announcements, working interest updates, and net profits interest calculations - all essential for evaluating this energy trust's performance.
Key coverage areas include quarterly distribution details, hydrocarbon production trends from underlying properties, and cost recovery updates from partnered operators. Bookmark this page for streamlined tracking of CRT's financial position within the evolving energy markets.
For stakeholders monitoring oil price impacts on royalty trusts or analyzing Southwest production data, this resource offers centralized access to CRT's official communications. Check regularly for unfiltered updates directly affecting unit holder distributions.
Cross Timbers Royalty Trust (NYSE: CRT) has declared an April cash distribution of $0.032110 per unit, payable on May 14, 2025, to unitholders of record on April 30, 2025.
The Trust's underlying sales showed oil volumes of 12,000 Bbls at $69.99 per barrel and gas volumes of 78,000 Mcf at $5.86 per Mcf for the current distribution, compared to prior month's 19,000 Bbls at $73.40 and 97,000 Mcf at $5.05 respectively.
XTO Energy reported a $136,000 increase in excess costs on Texas Working Interest properties, with cumulative excess costs reaching $4,567,000, including $1,223,000 in accrued interest. The Trustee is withholding $50,000 monthly to build a cash reserve of $1,500,000.
Cross Timbers Royalty Trust (NYSE: CRT) has announced its March 2025 cash distribution of $0.156725 per unit, scheduled for payment on April 14, 2025, to unitholders of record as of March 31, 2025.
The Trust reported that XTO Energy has informed about an $82,000 increase in excess costs on properties underlying the Texas Working Interest net profits interests. These excess costs did not impact net proceeds from other conveyances. The underlying cumulative excess costs for the Texas Working Interest net profits interests now stand at $4,403,000, which includes accrued interest of $1,195,000.
Cross Timbers Royalty Trust (NYSE: CRT) has announced its February 2025 cash distribution of $0.045553 per unit, payable on March 14, 2025, to unitholders of record on February 28, 2025.
The Trust reported underlying sales volumes for the current month distribution of 12,000 barrels of oil at an average price of $68.15 per barrel and 90,000 Mcf of gas at $3.51 per Mcf. These figures show a decrease from the prior month's volumes of 13,000 barrels of oil at $68.38 per barrel and 114,000 Mcf of gas at $3.78 per Mcf.
XTO Energy reported an increase of $9,000 in excess costs on Texas Working Interest properties, with cumulative excess costs totaling $4,296,000, including accrued interest of $1,171,000.
Argent Trust Company, as Trustee of the Cross Timbers Royalty Trust (NYSE: CRT), declared a cash distribution of $0.095045 per unit. This payment will be made on February 14, 2025, to unitholders of record as of January 31, 2025.
The underlying oil and gas sales volumes and average prices for the current and prior month distributions are as follows:
- Current Month Distribution: Oil - 13,000 Bbls at $68.38 per Bbl; Gas - 114,000 Mcf at $3.78 per Mcf.
- Prior Month Distribution: Oil - 13,000 Bbls at $69.15 per Bbl; Gas - 68,000 Mcf at $3.26 per Mcf.
XTO Energy reported a recovery of $24,000 in excess costs from the Texas Working Interest properties, but no remaining proceeds were available for this month's distribution. The cumulative excess costs for these properties total $4,260,000, including $1,143,000 in accrued interest.
For more information, visit the Trust's website at www.crt-crosstimbers.com.
Cross Timbers Royalty Trust (NYSE: CRT) has announced a cash distribution of $0.062265 per unit, payable on January 15, 2025, to unitholders of record on December 31, 2024. The Trust's underlying sales volumes show 13,000 barrels of oil and 68,000 Mcf of gas for the current month, with average prices of $69.15 per barrel for oil and $3.26 per Mcf for gas.
XTO Energy reported an increase in excess costs of $69,000 on Texas Working Interest net profits interests. The cumulative excess costs total $4,256,000, including accrued interest of $1,115,000. These excess costs did not impact net proceeds from other conveyances.
Cross Timbers Royalty Trust (NYSE: CRT) has declared a cash distribution of $0.092742 per unit for November, payable on December 13, 2024, to unitholders of record on November 29, 2024. The underlying sales show oil volumes of 13,000 Bbls at $71.39 per Bbl and gas volumes of 86,000 Mcf at $3.54 per Mcf. XTO Energy reported an increase in excess costs of $133,000 on Texas Working Interest properties, with cumulative excess costs totaling $4,160,000, including $1,088,000 in accrued interest.
Cross Timbers Royalty Trust (NYSE: CRT) has declared a cash distribution of $0.064592 per unit for October, payable on November 15, 2024, to unitholders of record on October 31, 2024. The Trust's underlying oil and gas sales volumes for the current month distribution were 12,000 Bbls of oil and 82,000 Mcf of gas, with average prices of $76.77 per Bbl for oil and $4.46 per Mcf for gas.
The September 2024 distribution included a $24,128 deduction related to the settlement of a royalty class action lawsuit. XTO Energy reported an increase of $125,000 in excess costs on properties underlying the Texas Working Interest net profits interests, with cumulative excess costs totaling $4,000,000, including accrued interest of $1,061,000.
Argent Trust Company, Trustee of Cross Timbers Royalty Trust (NYSE: CRT), declared a cash distribution of $0.102230 per unit, payable on October 15, 2024, to unitholders of record on September 30, 2024. The distribution reflects underlying oil and gas sales volumes and prices. The September distribution includes a $24,128 deduction related to the Chieftain settlement with XTO Energy Inc.
XTO Energy reported an increase of $124,000 in excess costs on properties underlying the Texas Working Interest net profits interests. Cumulative excess costs on these interests total $3,847,000, including accrued interest of $1,034,000. However, these excess costs did not reduce net proceeds from other conveyances.
Cross Timbers Royalty Trust (NYSE: CRT) has declared a cash distribution of $0.055175 per unit for August, payable on September 16, 2024, to unitholders of record on August 30, 2024. The Trust reported underlying oil sales of 13,000 barrels at an average price of $76.84 per barrel, and gas sales of 67,000 Mcf at an average price of $3.33 per Mcf for the current month distribution. XTO Energy recovered $26,000 of excess costs on properties underlying the Texas Working Interest net profits interests. However, cumulative excess costs on these interests still total $3,697,000, including $1,008,000 in accrued interest.
Cross Timbers Royalty Trust (NYSE:CRT) has declared a cash distribution of $0.096137 per unit for July, payable on August 14, 2024, to unitholders of record on July 31, 2024. The Trust reported underlying oil sales of 12,000 Bbls at an average price of $78.39 per Bbl, and gas sales of 186,000 Mcf at $4.03 per Mcf for the current month distribution.
XTO Energy advised of a volume correction for the prior month's Oklahoma Royalty Interest net profits interests, which did not affect cash distributions. Additionally, excess costs increased by $142,000 on Texas Working Interest properties, with cumulative excess costs totaling $3,696,000. On Oklahoma Working Interest properties, excess costs of $204,000 were fully recovered.
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