secwatch.observer — SEC 8-K summary
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Issuer:     CROSS TIMBERS ROYALTY TRUST (CRT)
CIK:        0000881787
Form:       8-K
Filed at:   2022-12-19T23:59:59+00:00
Accession:  0001193125-22-308309
Event type: dividend
Sentiment:  negative
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cross Timbers Royalty Trust declares Dec. cash distribution of $0.150335/unit; excess costs persist
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- Cash distribution $0.150335/unit payable Jan 17, 2023 to holders of record Dec 30, 2022.
- Underlying sales: 14,000 Bbls oil & 101,000 Mcf gas; avg oil $84.61/bbl, gas $10.44/Mcf.
- XTO recovered $214k excess costs on Texas properties but no proceeds; cumulative excess $1.8M.
- Argent Trust Company to succeed Simmons Bank as trustee effective Dec 30, 2022 (court order).
- Prior month distribution: 12,000 Bbls oil & 93,000 Mcf gas; avg oil $85.47, gas $10.74.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/881787/000119312522308309/0001193125-22-308309-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/881787/000119312522308309/d437589d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-308309

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