January 20, 2017 - 9:20 AM EST
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Cross Timbers Royalty Trust Declares January Cash Distribution

DALLAS, Jan. 20, 2017 /PRNewswire/ -- Southwest 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 $0.079287 per unit, payable on February 14, 2017, to unitholders of record on January 31, 2017. The following table shows underlying oil and gas sales and average prices attributable to the current month and prior month distributions.



Underlying Sales






Volumes


Average Price



Oil

(Bbls)


Gas

(Mcf)


Oil

(per Bbl)


Gas

(per Mcf)









Current Month Distribution


17,000


156,000


$43.10


$3.67









Prior Month Distribution


18,000


176,000


$44.29


$2.95

 

Excess Costs

XTO Energy has advised the trustee that improved oil prices led to the partial recovery of excess costs on properties underlying the Oklahoma Working Interest net profits interests. However after the partial recovery, there were no remaining proceeds from the properties underlying the Oklahoma Working Interest net profits interests to be included in this month's distribution.

XTO Energy has advised the trustee that continued lower oil prices caused costs to exceed revenues on properties underlying the Texas Working Interest net profits interests. However, these excess costs did not reduce net proceeds from the remaining conveyances.

For more information on the Trust, please visit our web site at www.crt-crosstimbers.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cross-timbers-royalty-trust-declares-january-cash-distribution-300394172.html

SOURCE Cross Timbers Royalty Trust


Source: PR Newswire (January 20, 2017 - 9:20 AM EST)

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