DALLAS, Aug. 20, 2021 /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 $0.097254 per unit, payable on September 15, 2021, to unitholders of record on
August 31, 2021. 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
|
|
15,000
|
|
77,000
|
|
$62.74
|
|
$5.00
|
|
|
|
|
|
|
|
|
|
|
Prior Month
Distribution
|
|
18,000
|
|
108,000
|
|
$57.35
|
|
$4.55
|
|
|
|
(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 $30,000 of excess costs were recovered 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 $2.7
million, including accrued interest of $488,000.
For more information on the Trust, please visit our web site at
www.crt-crosstimbers.com.
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SOURCE Cross Timbers Royalty Trust