Cross Timbers Royalty Trust Declares August Cash Distribution

Aug 21, 2015, 10:45 ET from Cross Timbers Royalty Trust

DALLAS, Aug. 21, 2015 /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 $0.099341 per unit, payable on September 15, 2015, to unitholders of record on August 31, 2015. 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

(Bbls)

Gas

(Mcf)

Current Month Distribution

21,000

147,000

$54.88

$3.82

Prior Month Distribution

17,000

142,000

$54.17

$3.93

Excess Costs

XTO Energy has advised the trustee that increased oil production and decreased costs led to the partial recovery of excess costs on properties underlying the Oklahoma Working Interest net profits interests. However after the partial recovery, there were no remaining proceeds from the properties underlying the Oklahoma Working Interest net profits interests to be included in this month's distribution.

XTO Energy has advised the trustee that decreased costs led to the partial recovery of excess costs 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.

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

 

SOURCE Cross Timbers Royalty Trust



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