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 reports recurring cash distributions to holders of its units of beneficial interest. The trust's news centers on monthly distribution declarations, underlying oil and gas sales volumes, average realized prices, and timing effects from cash receipts tied to its net profits interests.
The trust's underlying interests are derived from producing royalty, overriding royalty, and working interest properties in Texas, Oklahoma, and New Mexico. Updates also describe excess costs on Texas and Oklahoma working interest net profits interests, notices from XTO Energy, and trustee actions by Argent Trust Company.
Cross Timbers Royalty Trust (NYSE: CRT) has declared a cash distribution of $0.162571 per unit for September 2021, with an ex-dividend date of September 30, 2021 and payment set for October 15, 2021. Current month distributions showed underlying sales of 14,000 Bbls of oil and 134,000 Mcf of gas. Average prices increased to $68.14 per Bbl for oil and $6.53 per Mcf for gas. However, $56,000 in excess costs were recovered, leaving cumulative excess costs of $2.7 million after the latest distribution.
Cross Timbers Royalty Trust (CRT) announced a cash distribution of $0.097254 per unit, payable on September 15, 2021, to unitholders of record as of August 31, 2021. The current month distribution is based on underlying sales of 15,000 barrels of oil and 77,000 Mcf of gas, with average prices of $62.74 per barrel and $5.00 per Mcf. Comparatively, the prior month distribution included 18,000 barrels of oil and 108,000 Mcf of gas at $57.35 and $4.55 respectively. Notably, $30,000 in excess costs were recovered, but cumulative excess costs remain at $2.7 million.
Simmons Bank, as Trustee of Cross Timbers Royalty Trust (CRT), announced a cash distribution of $0.123792 per unit, payable on August 13, 2021, to unitholders of record on July 30, 2021. The current month distribution includes sales of 18,000 Bbls of oil and 108,000 Mcf of gas, with average prices of $57.35 per Bbl and $4.55 per Mcf. Notably, $53,000 in excess costs were recovered, although there remains a cumulative excess of $2.8 million on Texas Working Interest. More information can be found at www.crt-crosstimbers.com.
Simmons Bank, Trustee of the Cross Timbers Royalty Trust (CRT), announced a cash distribution of $0.104054 per unit, payable on July 15, 2021. This distribution is for unitholders of record as of June 30, 2021. The current month saw oil sales of 13,000 Bbls and gas sales of 47,000 Mcf, with average prices of $78.77 per Bbl for oil and $7.15 per Mcf for gas. Meanwhile, XTO Energy reported an increase in excess costs by $77,000, though these did not affect net proceeds, which remain at $2.8 million.
Simmons Bank, Trustee of the Cross Timbers Royalty Trust (NYSE:CRT), announced a cash distribution of $0.077704 per unit, payable on June 14, 2021. Unitholders of record on May 28, 2021 will receive this payout. Current month underlying sales included 13,000 barrels of oil and 67,000 Mcf of gas, with average prices of $57.03 per barrel and $5.46 per Mcf. In contrast, prior month sales were 23,000 barrels and 104,000 Mcf, showing a decline. Additionally, $31,000 of excess costs were recovered, leaving cumulative excess costs of $2.7 million.
Simmons Bank, as Trustee of the Cross Timbers Royalty Trust (CRT), announced a cash distribution of $0.096485 per unit, payable on May 14, 2021, to unitholders of record by April 30, 2021. Current month sales included 23,000 barrels of oil and 104,000 Mcf of gas, with average prices at $45.28 per barrel and $3.93 per Mcf. In contrast, the prior month reflected lower sales at 11,000 barrels and 91,000 Mcf. Additionally, XTO Energy reported excess costs recovered totaling $3,000, impacting current distributions.
Simmons Bank, as Trustee of the Cross Timbers Royalty Trust (NYSE: CRT), announced a cash distribution of $0.037301 per unit, payable on April 14, 2021. Unitholders of record by March 31, 2021 will be eligible for this payment. Current month distributions include sales of 11,000 Bbls of oil and 91,000 Mcf of gas, with average prices of $49.16 per Bbl for oil and $4.57 per Mcf for gas. Previous month sales were 12,000 Bbls and 175,000 Mcf with lower average prices. There are outstanding cumulative excess costs amounting to $2.7 million in Texas and $0.3 million in Oklahoma.
On February 16, 2021, Simmons Bank, as Trustee of Cross Timbers Royalty Trust (CRT), announced a cash distribution of $0.086656 per unit, payable on March 12, 2021, to unitholders of record as of February 26, 2021. The current month's reported volumes include 12,000 Bbls of oil and 175,000 Mcf of gas, with average prices of $43.96 per Bbl and $3.79 per Mcf. Cumulative excess costs total $2.7 million for Texas and $0.3 million for Oklahoma, impacting future distributions.
Cross Timbers Royalty Trust (CRT) has declared a cash distribution of $0.049268 per unit for January 2021, payable on February 12, 2021, to unitholders of record on January 29, 2021. The current month's distribution reflects 12,000 barrels of oil and 173,000 Mcf of gas sold at average prices of $39.28 per barrel and $3.57 per Mcf. Notably, excess costs increased by $13,000 in Texas and $40,000 in Oklahoma, but did not affect net proceeds. Cumulative excess costs total $2.7 million for Texas and $0.2 million for Oklahoma.
On December 18, 2020, Simmons Bank, as Trustee of the Cross Timbers Royalty Trust (CRT), announced a cash distribution of $0.062137 per unit, payable on January 15, 2021, to unitholders of record by December 31, 2020. The report highlights underlying oil sales of 14,000 Bbls and gas sales of 88,000 Mcf for the current month, with average prices of $38.91 per barrel and $1.63 per Mcf. Additionally, excess costs increased by $22,000 for Texas properties, totaling $2.7 million in cumulative excess costs.