SEC Info℠ | Home | Search | My Interests | Help | Sign In | Please Sign In | ||||||||||||||||||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 9/20/22 Cross Timbers Royalty Trust 8-K:2,9 9/20/22 2:25K Donnelley … Solutions/FA |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 16K 2: EX-99.1 Miscellaneous Exhibit HTML 9K
EX-99.1 |
EXHIBIT 99.1
[NEWS RELEASE LETTERHEAD OF CROSS TIMBERS ROYALTY TRUST APPEARS HERE]
CROSS TIMBERS ROYALTY TRUST
DECLARES SEPTEMBER CASH DISTRIBUTION
Dallas, Texas, September 20, 2022 – Simmons 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 $0.200401 per unit, payable on October 17, 2022, to unitholders of record on September 30, 2022. 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 | 107,000 | $ | 104.88 | $ | 9.55 | ||||||||||
Prior Month Distribution |
13,000 | 107,000 | $ | 108.03 | $ | 9.42 |
(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 $45,000 of excess costs were recovered 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 total $2.0 million, including accrued interest of $614,000.
For more information on the Trust, please visit our website at www.crt-crosstimbers.com.
* * *
Contact: | Nancy Willis Vice President Simmons Bank, Trustee 855-588-7839 |
This ‘8-K’ Filing | Date | Other Filings | ||
---|---|---|---|---|
10/17/22 | None on these Dates | |||
9/30/22 | ||||
Filed on / For Period end: | 9/20/22 | |||
List all Filings |