CROSS TIMBERS ROYALTY TRUST DECLARES JANUARY CASH DISTRIBUTION

PR Newswire

DALLAS, Jan. 21, 2025

DALLAS, Jan. 21, 2025 /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 $0.095045 per unit, payable on February 14, 2025, to unitholders of record on January 31, 2025. 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    114,000      $68.38          $3.78 
 
 Prior Month 
  Distribution    13,000    68,000       $69.15          $3.26 
 
(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 $24,000 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 total $4,260,000, including accrued interest of $1,143,000.

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

January 21, 2025 08:00 ET (13:00 GMT)