Jan 19, 2021   SOURCE: PR NewsWire

Cross Timbers Royalty Trust Declares January Cash Distribution

DALLAS, Jan. 19, 2021 /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 $0.049268 per unit, payable on February 12, 2021, to unitholders of record on January 29, 2021. 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                                                                              12,000                     173,000                 $39.28              $3.57





            Prior Month Distribution                                                          14,000                                    88,000                  $38.91               $1.63





            
              (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 excess costs increased by $13,000 on properties underlying the Texas Working Interest net profits interests. However, these excess costs did not reduce net proceeds from the remaining conveyances. Underlying cumulative excess costs remaining on the Texas Working Interest net profits interests after the current month's distribution total $2.7 million, including accrued interest of $436,000.

XTO Energy has advised the Trustee that excess costs increased by $40,000 on properties underlying the Oklahoma Working Interest net profits interests. However, these excess costs did not reduce net proceeds from the remaining conveyances. Underlying cumulative excess costs remaining on the Oklahoma Working Interest net profits interests after the current month's distribution total $0.2 million, including accrued interest of $5,000.

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