#USA #Dallas #Oil and Gas #cash distribution #Cross Timbers

Cross Timbers Royalty Trust Declares March Cash Distribution

On March 21, 2025, Argent Trust Company, acting as the Trustee for the Cross Timbers Royalty Trust (Trust), announced a cash distribution amounting to $0.156725 per unit for its unitholders. This significant announcement is set against the backdrop of fluctuating oil and gas prices, which have shown notable trends in sales and pricing over recent months.

Distribution Details

The declared distribution will be payable on April 14, 2025, to those unitholders recorded by the cut-off date of March 31, 2025. This cash distribution reflects positive underlying sales trends for both oil and gas, reinforcing the Trust's commitment to delivering returns to its stakeholders.

Underlying Sales Performance

In examining the latest figures, the current month's distribution shows:

• - Oil Sales: 19,000 barrels at an average price of $73.40 per barrel
• - Gas Sales: 97,000 thousand cubic feet (Mcf) at an average price of $5.05 per Mcf

In comparison, the prior month witnessed:

• - Oil Sales: 12,000 barrels at an average price of $68.15 per barrel
• - Gas Sales: 90,000 Mcf at an average price of $3.51 per Mcf

This improvement in both sales volume and pricing underscores a favorable trend in the oil and gas markets that directly benefits unitholders of the Trust.

Financial Considerations

However, it's important to note that the Trust has faced some challenges. XTO Energy has notified the Trustee about an increase in certain excess costs, which rose by $82,000 for the properties linked to the Texas Working Interest net profits interests. Despite these challenges, the excess costs did not impact the net proceeds from the existing conveyances significantly. The cumulative excess costs related to the Texas Working Interest now total $4,403,000, including accrued interest amounting to $1,195,000.

Transparency and Investor Information

For those interested in the Trust's financial landscape, additional information regarding annual tax figures, previous distribution amounts, and press releases can be accessed on their official website at www.crt-crosstimbers.com. This commitment to transparency is a vital component of maintaining investor trust and ensuring that stakeholders have access to relevant information leading up to their investments.

As an investment vehicle, the Cross Timbers Royalty Trust continues to navigate the complexities of the energy sector while aiming to reward its investors. The March 2025 cash distribution, alongside the positive sales figures, reflects the Trust's resilience and specialized focus within the oil and gas industry.

Conclusion

In the evolving landscape of energy markets, distributions such as these are crucial signals of the Trust's operational health. For unitholders, this cash distribution represents not just a return on investment but also a sign of the Trust's ability to adapt and thrive amidst varying market conditions.