Cross Timbers Royalty Trust Declares October Cash Distribution

DALLAS, Oct. 19, 2018 /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 $0.124040 per unit, payable on November 15, 2018, to unitholders of record on October 31, 2018. The following table shows underlying oil and gas sales and average prices attributable to the current month and prior month distributions.

                      Underlying Sales


                         Volumes (a)      Average Price



                    
            Oil        
          Gas         
        Oil          Gas
                   
            (Bbls)     
          (Mcf)      
       (per Bbl)      (per
                                                                             Mcf)





     Current
      Month
      Distribution              17,000           113,000             $61.54    $4.54




     Prior
      Month
      Distribution              17,000           131,000             $62.97    $4.20



                            (a)               Sales volumes are
                                               recorded in the
                                               month the Trust
                                               receives the
                                               related net
                                               profits income.
                                               Because of this,
                                               sales volumes
                                               may fluctuate
                                               from month to
                                               month based on
                                               the timing of
                                               cash receipts.

Excess Costs
XTO Energy has advised the Trustee that improved oil prices led to the partial recovery of excess costs of $43,000 on properties underlying the Texas Working Interest net profits interests. 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 $1.8 million, including accrued interest of $230,000.

For more information on the Trust, please visit our web site at www.crt-crosstimbers.com.

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SOURCE Cross Timbers Royalty Trust