#USA #Dallas #cash distribution #Cross Timbers #Argent Trust

Cross Timbers Royalty Trust Declares July Cash Distribution

The Cross Timbers Royalty Trust, managed by Argent Trust Company, recently made an announcement regarding a cash distribution for the month of July 2026. This declaration involves a disbursement amounting to $0.061397 per unit of beneficial interest, intended for distribution to unitholders on record as of July 31, 2026. The payment is scheduled to be made on August 14, 2026.

Oil and Gas Sales Performance

In examining the underlying performance metrics that formed the basis of this cash distribution, the Trust reported on the volumes of oil and gas sold. For the current month of July, the recorded sales consisted of:

• - Oil: 6,000 barrels
• - Gas: 75,000 thousand cubic feet (Mcf)

The average price received per barrel of oil was approximately $109.21, while gas fetched an average of $4.84 per Mcf.

For comparison, the previous month of June showed significantly higher volumes sold, with 9,000 barrels of oil and 27,000 Mcf of gas. The average prices in June were also lower, at $88.05 for oil and $4.30 for gas. It is important to note that fluctuations in sale volumes can occur due to the timing of cash receipts, and thus sales may vary from month to month.

Excess Costs and Financial Considerations

The Trust received recent communications from XTO Energy regarding excess costs related to the properties governed by the Texas Working Interest net profits interests. It was noted that excess costs have increased by $2,000 for the current month. However, this increase did not have an adverse impact on the net proceeds from these properties.

Cumulatively, the underlying excess costs associated with the Texas Working Interest now total $5,987,000, inclusive of $1,693,000 in accrued interest. This indicates the importance of monitoring operational costs against profit generation.

Additionally, XTO Energy reported a recovery of $54,000 of excess costs linked to the Oklahoma Working Interest; unfortunately, no proceeds from these properties contributed to this month's distribution. The total excess costs for the Oklahoma Working Interest now stand at $794,000, which includes $30,000 in accrued interest.

Future Insights and Resources

For those stakeholders and interested parties looking for further details regarding the Trust’s operational performance, annual tax information, and historical press releases, a comprehensive resource is available at the Trust’s website: www.crt-crosstimbers.com. Keep an eye on this resource for the latest updates or announcements that may affect future distributions.

In summary, the announcement of cash distributions and the associated operational metrics reflect the ongoing performance of the Cross Timbers Royalty Trust, highlighting both successes and challenges with its oil and gas interests. Stakeholders and investors should consider these factors as they assess the Trust's value and operational strategy moving forward.