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DALLAS, Jan. 18, 2013 /PRNewswire/ -- U.S. Trust, Bank of America Private Wealth Management, 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 $0.157839 per unit, payable on February 14, 2013, to unitholders of record on January 31, 2013. The following table shows underlying oil and gas sales and average prices attributable to the current month and prior month distributions.
Underlying Sales | ||||||||
Volumes | Average Price | |||||||
Oil (Bbls) | Gas (Mcf) | Oil (per Bbl) | Gas (per Mcf) | |||||
Current Month | 18,000 | 151,000 | $ 78.01 | $ 4.53 | ||||
Prior Month | 21,000 | 174,000 | $ 85.15 | $ 5.16 |
Excess Costs
XTO Energy has advised the trustee that lower oil prices and increased costs related to the timing of cash disbursements caused costs to exceed revenues on properties underlying the Texas Working Interest net profits interests. However, these excess costs did not reduce net proceeds from the remaining conveyances.
For more information on the Trust, please visit our web site at www.crosstimberstrust.com.
SOURCE U.S. Trust
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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