DALLAS, Feb. 18,
2025 /PRNewswire/ -- Argent Trust Company, as Trustee
of the Cross Timbers Royalty Trust (the "Trust") (NYSE: CRT), today
declared a cash distribution to the holders of its units of
beneficial interest of $0.045553 per
unit, payable on March 14, 2025, to
unitholders of record on February 28,
2025. 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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Underlying Sales
Volumes (a)
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Average
Price
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Oil
(Bbls)
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Gas
(Mcf)
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Oil
(per Bbl)
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Gas
(per Mcf)
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Current Month
Distribution
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12,000
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90,000
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$68.15
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$3.51
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Prior Month
Distribution
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13,000
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114,000
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$68.38
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$3.78
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(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.
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Excess Costs
XTO Energy has
advised the Trustee that excess costs increased by $9,000 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 $4,296,000,
including accrued interest of $1,171,000.
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.
View original
content:https://www.prnewswire.com/news-releases/cross-timbers-royalty-trust-declares-february-cash-distribution-302378442.html
SOURCE Cross Timbers Royalty Trust
