PR Newswire
DALLAS
,
July 19, 2022
/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
$0.191690
per unit, payable on
August 12, 2022
, to unitholders of record on
July 29, 2022
. The following table shows underlying oil and gas sales and average prices attributable to the current month and prior month distributions.
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net profits income. Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts. |
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Prior Month Distribution
XTO Energy has advised the Trustee that out of period gas revenues attributable to non-operated properties in the New Mexico Royalty Interest net profits interests contributed to a higher cash distribution in the prior month.
Excess Costs
XTO Energy has advised the Trustee that
$99,000
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
$2.1 million
, including accrued interest of
$597,000
.
For more information on the Trust, please visit our website at
www.crt-crosstimbers.com
.
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https://www.prnewswire.com/news-releases/cross-timbers-royalty-trust-declares-july-cash-distribution-301588961.html
SOURCE Cross Timbers Royalty Trust
