May 19, 2017 - 7:00 AM EDT
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Cross Timbers Royalty Trust Declares May Cash Distribution

DALLAS, May 19, 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 $0.076796 per unit, payable on June 14, 2017, to unitholders of record on May 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


114,000


$46.82


$4.74











Prior Month Distribution


14,000


135,000


$50.15


$4.43











Excess Costs

XTO Energy has advised the trustee that increased oil production in the current month distribution 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 increased costs in the current month distribution 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.

Contact:   

Nancy Willis


Vice President


Southwest Bank, Trustee


Toll Free – 855-588-7839

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cross-timbers-royalty-trust-declares-may-cash-distribution-300459643.html

SOURCE Cross Timbers Royalty Trust


Source: PR Newswire (May 19, 2017 - 7:00 AM EDT)

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