DALLAS, May 20, 2022 /PRNewswire/ -- 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 $0.164036 per unit, payable on June 14, 2022, to unitholders of record on May 31, 2022. The following table shows underlying oil and gas sales and average prices attributable to the current month and prior month distributions.
Current Month Distribution
Prior Month Distribution
Sales volumes are recorded in the month the Trust receives the related net profits income.
XTO Energy has advised the Trustee that $260,000 of excess costs were recovered on properties underlying the Texas Working Interest net profits interests primarily due to the timing of invoices. 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 $2.1 million, including accrued interest of $582,000.
For more information on the Trust, please visit our website at www.crt-crosstimbers.com.
SOURCE Cross Timbers Royalty Trust