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) is a United States-based royalty trust whose net profits interests are derived from producing royalty, overriding royalty interests, and working interest properties. The underlying properties include producing oil and gas properties in Texas, Oklahoma, and New Mexico. This news page focuses on the trust’s recurring public updates about monthly cash distributions and related operating details.
Argent Trust Company, as Trustee of the Cross Timbers Royalty Trust, issues regular news releases announcing monthly cash distributions to holders of units of beneficial interest. Each release specifies the cash distribution per unit, the payment date, and the record date for unitholders. The announcements also provide tables of underlying oil and gas sales volumes and average realized prices for oil (per barrel) and gas (per thousand cubic feet) that are attributable to the current and prior month distributions.
In addition to distribution amounts and sales data, the trust’s news releases describe how sales volumes are recorded in the month the trust receives the related net profits income. This timing can cause month-to-month fluctuations in reported volumes. The releases also include commentary from XTO Energy to the Trustee about excess costs on properties underlying the Texas Working Interest net profits interests and the Oklahoma Working Interest net profits interests, and whether those excess costs affect net proceeds from the remaining conveyances.
Readers following CRT news can use this page to review a sequence of monthly distribution announcements, observe changes in underlying oil and gas sales volumes and prices, and monitor developments in excess costs and cash reserve practices disclosed by the Trustee. For ongoing research on Cross Timbers Royalty Trust, this news feed provides a consolidated view of the trust’s regular public communications about distributions and underlying property performance.
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.
Cross Timbers Royalty Trust (CRT) has declared a cash distribution of $0.051832 per unit for November 2020, payable on December 14, 2020. Unitholders of record by November 30, 2020 are eligible. The distribution follows reported underlying sales of 16,000 barrels of oil and 96,000 Mcf of gas for the current month, with oil averaging $39.93 per Bbl and gas $2.40 per Mcf. Increases in excess costs of $15,000 and $6,000 were reported for Texas and Oklahoma properties, respectively, bringing cumulative excess costs to $2.7 million and $0.2 million.
Simmons Bank, as Trustee of the Cross Timbers Royalty Trust (NYSE: CRT), announced a cash distribution of $0.076490 per unit, payable on November 16, 2020, to unitholders of record as of October 30, 2020. The current month saw oil sales of 20,000 Bbls and gas sales of 110,000 Mcf, with average prices at $40.32 per Bbl and $2.74 per Mcf. However, excess costs increased by $72,000 for Texas interests, totaling $2.7 million in cumulative excess costs. In contrast, Oklahoma interests had $92,000 in recovered costs, leaving $0.2 million cumulative excess costs.
Simmons Bank, Trustee of the Cross Timbers Royalty Trust (NYSE:CRT), announced a cash distribution of $0.032047 per unit to unitholders of record as of September 30, 2020. This distribution will be paid on October 15, 2020. Current month underlying oil sales reached 15,000 barrels and gas sales totaled 113,000 Mcf, with average prices of $37.97 per barrel and $1.65 per Mcf. In comparison, prior month sales were 16,000 barrels and 99,000 Mcf. Noticeably, cumulative excess costs remain at $2.6 million for Texas and $0.3 million for Oklahoma interests.