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Stock impact report

Cross Timbers Royalty Trust Declares December Cash Distribution

Cross Timbers Royalty Trust (CRT) 
US:NYSE Investor Relations: crt-crosstimbers.com
Company Research Source: PR Newswire
DALLAS, Dec. 20, 2019 /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 $0.083840 per unit, payable on January 15, 2020, to unitholders of record on December 31, 2019. The following table shows underlying oil and gas sales and average prices attributable to the current month and prior month distributions. Underlying SalesVolumes (a) Average PriceOil(Bbls)Gas(Mcf)Oil(per Bbl)Gas(per Mcf)Current Month Distribution16,000116,000$53.89$3.43Prior Month Distribution16,00092,000$53.35$3.16(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 CostsXTO Energy has advised the Trustee that excess costs increased by $60,000 on properties underlying the Texas Working Interest net profits interests.  However, these excess cost Show less Read more
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