Cross Timbers Royalty Trust Declares April Cash Distribution

April 20, 2021 9:30 AM EDT

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DALLAS, April 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 $0.096485 per unit, payable on May 14, 2021, to unitholders of record on April 30, 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

23,000

104,000

$45.28

$3.93

Prior Month Distribution

11,000

91,000

$49.16

$4.57

(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 CostsXTO Energy has advised the Trustee that $3,000 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 $458,000.

XTO Energy has advised the Trustee that excess costs of $289,000, including accrued interest of $7,000, were fully recovered on the properties underlying the Oklahoma Working Interest net profits interests.

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-april-cash-distribution-301272532.html

SOURCE Cross Timbers Royalty Trust



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