dividend
confidence high
sentiment negative
materiality 0.50
Cross Timbers Royalty Trust declares June distribution of $0.07704/unit; oil volumes down 19% MoM
CROSS TIMBERS ROYALTY TRUST
- Distribution of $0.07704/unit payable July 17, 2023 to holders of record June 30, 2023.
- Current month sales: oil 13,000 Bbls at $74.36/Bbl, gas 78,000 Mcf at $6.15/Mcf; prior month: 16,000 Bbls at $72.67/Bbl, 88,000 Mcf at $11.96/Mcf.
- Texas working interest excess costs increased $214,000; cumulative excess costs total $2,229,000 (including $715,000 interest).
- Oklahoma working interest: $139,000 of excess costs recovered; remaining cumulative $106,000 (including $31,000 interest).