Cross Timbers Royalty Trust Declares September Cash Distribution

<br /> Cross Timbers Royalty Trust Declares September Cash Distribution<br />

PR Newswire


DALLAS

,

Sept. 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

$0.162571

per unit, payable on

October 15, 2021

, to unitholders of record on

September 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


14,000


134,000


$68.14


$6.53


Prior Month Distribution


15,000


77,000


$62.74


$5.00



(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

$56,000

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

$496,000

.

For more information on the Trust, please visit our web site at

www.crt-crosstimbers.com

.

Cision
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SOURCE Cross Timbers Royalty Trust

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