An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Cross Timbers Royalty Trust Declares January Cash Distribution
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
DALLAS, Jan. 19, 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 $0.049268 per unit, payable on February 12, 2021, to unitholders of record on January 29, 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
12,000
173,000
$39.28
$3.57
Prior Month Distribution
14,000
88,000
$38.91
$1.63
(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 excess costs increased by $13,000 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 after the current month's distribution total $2.7 million, including accrued interest of $436,000.
XTO Energy has advised the Trustee that excess costs increased by $40,000 on properties underlying the Oklahoma 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 Oklahoma Working Interest net profits interests after the current month's distribution total $0.2 million, including accrued interest of $5,000.