dividend
confidence high
sentiment negative
materiality 0.40
Cross Timbers Royalty Trust declares $0.064592/unit October distribution; oil and gas volumes drop sharply
CROSS TIMBERS ROYALTY TRUST
- Distribution of $0.064592/unit payable Nov 15, 2024 to holders of record Oct 31, 2024.
- Current month sales: 12,000 Bbls oil at $76.77/Bbl, 82,000 Mcf gas at $4.46/Mcf vs prior month 16,000 Bbls at $77.46/Bbl, 138,000 Mcf at $3.29/Mcf.
- September distribution included a $24,128 deduction for Chieftain litigation settlement production cost.
- Excess costs on Texas Working Interest increased $125k; cumulative excess costs total $4M including $1.061M accrued interest.