FORT WORTH, Texas, Oct. 20, 2017 /PRNewswire/ -- Southwest 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 $0.099021 per
unit, payable on November 14, 2017,
to unitholders of record on October 31,
2017. 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
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|
|
|
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Volumes
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|
Average
Price
|
|
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Oil
(Bbls)
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|
Gas
(Mcf)
|
|
Oil
(per Bbl)
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|
Gas
(per Mcf)
|
|
|
|
|
|
|
|
|
|
Current Month
Distribution
|
|
23,000
|
|
128,000
|
|
$43.33
|
|
$3.98
|
|
|
|
|
|
|
|
|
|
Prior Month
Distribution
|
|
16,000
|
|
133,000
|
|
$43.87
|
|
$4.11
|
|
|
|
|
|
|
|
|
|
Excess Costs
XTO Energy has advised the Trustee that increased oil production in
the current month distribution led to the full recovery of excess
costs of $180,000, including accrued
interest of $63,000, on properties
underlying the Oklahoma Working Interest net profits interests. The
remaining proceeds from properties underlying the Oklahoma Working
Interest net profits interests were included in the current month's
distribution.
XTO Energy has advised the Trustee that decreased operating
expenses in the current month distribution led to the partial
recovery of excess costs of $52,000
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 totaled $2.1
million, including accrued interest of $135,000.
For more information on the Trust, please visit our web site at
www.crt-crosstimbers.com.
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content:http://www.prnewswire.com/news-releases/cross-timbers-royalty-trust-declares-october-cash-distribution-300540132.html
SOURCE Cross Timbers Royalty Trust