Cross Timbers Royalty Trust Declares August Cash Distribution - Cross Timbers Royalty (NYSE:CRT)

DALLAS, Aug. 20, 2019 /PRNewswire/ -- Simmons Bank, as Trustee of the Cross Timbers Royalty Trust CRT, today declared a cash distribution to the holders of its units of beneficial interest of $0.071539 per unit, payable on September 16, 2019, to unitholders of record on August 30, 2019. 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 (Bbls)	Gas (Mcf)	Oil (per Bbl)		Gas (per Mcf)

Current Month Distribution	13,000	110,000	$54.34	$2.96

Prior Month Distribution	15,000	99,000	$55.56		$3.25

(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 production costs exceeded gross proceeds by $16,000 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 after the current month's distribution total $2.1 million, including accrued interest of $307,000.

For more information on the Trust, please visit our web site at www.crt-crosstimbers.com.

SOURCE Cross Timbers Royalty Trust

Market News and Data brought to you by Benzinga APIs