September 18, 2018 - 9:00 AM EDT
Print Email Article Font Down Font Up Charts

Cross Timbers Royalty Trust Declares September Cash Distribution

DALLAS, Sept. 18, 2018 /PRNewswire/ -- Simmons 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 $0.124704 per unit, payable on October 15, 2018, to unitholders of record on September 28, 2018. The following table shows underlying oil and gas sales and average prices attributable to the current month and prior month distributions.



Underlying Sales







Volumes (a) 


Average Price




Oil

(Bbls)


Gas

(Mcf)


Oil

(per Bbl)


Gas

(per Mcf)











Current Month Distribution


17,000


131,000


$62.97


$4.20











Prior Month Distribution


17,000


76,000


$61.56


$4.28




(a)

Sales volumes are recorded in the month the Trust receives the related net profits income.  Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.

Excess Costs

XTO Energy has advised the Trustee that improved oil prices led to the partial recovery of excess costs of $53,000 on properties underlying the Texas Working Interest net profits interests. However after the partial recovery, there were no remaining proceeds from the properties underlying the Texas Working Interest net profits interests to be included in this month's distribution. Underlying cumulative excess costs remaining on the Texas Working Interest net profits interests after the current month's distribution total $1.8 million, including accrued interest of $222,000.

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

 

Cision View original content:http://www.prnewswire.com/news-releases/cross-timbers-royalty-trust-declares-september-cash-distribution-300714523.html

SOURCE Cross Timbers Royalty Trust


Source: PR Newswire (September 18, 2018 - 9:00 AM EDT)

News by QuoteMedia
www.quotemedia.com

Legal Notice