CROSS TIMBERS ROYALTY TRUST DECLARES DECEMBER CASH DISTRIBUTION

PR Newswire

DALLAS, Dec. 20, 2024

DALLAS, Dec. 20, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Cross Timbers Royalty Trust (the "Trust") $(CRT)$, today declared a cash distribution to the holders of its units of beneficial interest of $0.062265 per unit, payable on January 15, 2025, to unitholders of record on December 31, 2024. 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       Gas          Oil            Gas 
                   (Bbls)     (Mcf)     (per Bbl)      (per Mcf) 
                 ---------  --------  -------------  ------------- 
 
 Current Month 
  Distribution    13,000     68,000      $69.15          $3.26 
 
 Prior Month 
  Distribution    13,000     86,000      $71.39          $3.54 
 
(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 excess costs increased by $69,000 on properties underlying the Texas Working Interest net profits interests. However, these excess costs did not reduce net proceeds from the remaining conveyances. Underlying cumulative excess costs remaining on the Texas Working Interest net profits interests total $4,256,000, including accrued interest of $1,115,000.

For more information on the Trust, including the annual tax information, distribution amounts, and historical press releases, please visit our website at www.crt-crosstimbers.com.

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SOURCE Cross Timbers Royalty Trust

/CONTACT: Nancy Willis, Director of Royalty Trust Services, Argent Trust Company, Trustee, 855-588-7839

(END) Dow Jones Newswires

December 20, 2024 08:00 ET (13:00 GMT)