DALLAS, Jan. 20, 2015 /PRNewswire/ -- Southwest 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 $0.160251 per unit, payable on February 13, 2015, to unitholders of record on January 30, 2015. The following table shows underlying oil and gas sales and average prices attributable to the current month and prior month distributions.
Underlying Sales Volumes Average Price ------- ------------- Oil Gas Oil Gas (Bbls) (Mcf) (Bbls) (Mcf) ----- ---- ----- ---- Current Month Distribution 19,000 110,000 $74.17 $6.61 Prior Month Distribution 21,000 152,000 $81.06 $5.80
Excess Costs
XTO Energy has advised the trustee that lower oil prices and increased costs caused costs to exceed revenues on properties underlying the Texas Working Interest net profits interests. However, these excess costs did not reduce net proceeds from the remaining conveyances.
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