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 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.
Argent Trust Company, as Trustee of Cross Timbers Royalty Trust (NYSE:CRT), declared a cash distribution of $0.030174 per unit, payable on July 15, 2024, to unitholders of record on June 28, 2024.
For June, oil sales volumes were 12,000 Bbls at $84.42 per Bbl, and gas sales volumes were 10,000 Mcf at $8.14 per Mcf. In contrast, May saw 17,000 Bbls of oil at $76.32 per Bbl and 70,000 Mcf of gas at $4.64 per Mcf.
XTO Energy reported a volume correction for Oklahoma Royalty Interest net profits interests, adjusting gas sales to 22,000 Mcf for June and 58,000 Mcf for May, with average prices of $3.57 and $5.65 per Mcf, respectively. Excess costs increased by $21,000 for Texas Working Interests and $48,000 for Oklahoma Working Interests, without impacting net proceeds.
Cross Timbers Royalty Trust (NYSE: CRT) declared a cash distribution of $0.058252 per unit, payable on June 14, 2024, to unitholders recorded on May 31, 2024. Underlying oil and gas sales for the current month include 17,000 Bbls of oil at $76.32 per Bbl and 70,000 Mcf of gas at $4.64 per Mcf. Prior month sales were 14,000 Bbls of oil at $72.14 per Bbl and 255,000 Mcf of gas at $3.71 per Mcf. XTO Energy reported $46,000 and $366,000 of excess costs recovered from Texas and Oklahoma Working Interests, respectively, but no proceeds included in this month's distribution due to cumulative excess costs of $3,484,000 and $153,000 remaining.
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