other material
confidence high
sentiment neutral
materiality 0.30
Cross Timbers Royalty Trust declares April distribution of $0.135867/unit
CROSS TIMBERS ROYALTY TRUST
- Distribution of $0.135867 per unit payable May 14, 2024 to unitholders of record April 30, 2024.
- Underlying sales: oil 14,000 Bbls at $72.14/bbl, gas 255,000 Mcf at $3.71/Mcf.
- Gas volumes increased from prior month due to out-of-period revenues from non-operated Oklahoma Royalty Interest properties.
- Texas Working Interest excess costs increased $106,000; cumulative excess costs $3,505,000 including accrued interest.
- Oklahoma Working Interest excess costs partially recovered $215,000; cumulative $515,000 including interest.