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 (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.
Simmons Bank, as Trustee of the Cross Timbers Royalty Trust (CRT), announced a cash distribution of $0.037954 per unit, payable on September 15, 2020, to unitholders of record by August 31, 2020. Current month sales included 16,000 Bbls of oil at an average price of $31.34 and 99,000 Mcf of gas at $2.83. Prior month sales were 11,000 Bbls of oil at $16.29 and 113,000 Mcf of gas at $2.67. Excess costs increased by $78,000 for Texas and $9,000 for Oklahoma, totaling $2.6 million and $0.3 million respectively.
Simmons Bank, as Trustee of the Cross Timbers Royalty Trust (CRT), announced a cash distribution of $0.042667 per unit for June, payable on July 14, 2020. Unitholders of record by June 30, 2020 will receive this distribution. The press release detailed underlying sales volumes, with current month oil sales at 18,000 Bbls and gas at 86,000 Mcf, translating to average prices of $23.63 per Bbl for oil and $2.38 per Mcf for gas. It was noted that excess costs increased but did not affect net proceeds from conveyances.