Nov 19, 2018   SOURCE: PR NewsWire

Cross Timbers Royalty Trust Declares November Cash Distribution

DALLAS, Nov. 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 $0.144509 per unit, payable on December 14, 2018, to unitholders of record on November 30, 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                18,000           131,000           $60.94    $4.13




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




                            (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 $46,000 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 $238,000.

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