Argent Trust Company Declares Cash Distribution for Cross Timbers Royalty Trust
On February 18, 2025, Argent Trust Company, acting as trustee for the Cross Timbers Royalty Trust (CRT), announced a cash distribution of $0.045553 per unit to its unitholders. This distribution is payable on March 14, 2025, to those unitholders of record on February 28, 2025.
Underlying Sales and Average Prices
The following table provides details on the underlying oil and gas sales and average prices for the current month and prior month distributions:
| Current Month | Prior Month | |
|---|---|---|
| Oil Sales | 1,100,000 barrels | 1,050,000 barrels |
| Natural Gas Sales | 6,500,000 Mcf | 6,200,000 Mcf |
| Average Oil Price | $65.00 per barrel | $62.00 per barrel |
| Average Natural Gas Price | $3.20 per Mcf | $3.10 per Mcf |
Impact on Unitholders
The cash distribution announced by Argent Trust Company represents a small increase from the prior month’s distribution. For an investor holding 100 units of CRT, this distribution would amount to approximately $45.55. Although this may not seem like a significant amount, it represents a return on investment for those who have invested in the trust.
Impact on the World
The energy sector, specifically oil and gas production, plays a vital role in the global economy. The distribution announced by Argent Trust Company is a reflection of the current market conditions for oil and natural gas. With oil prices remaining relatively high, many energy companies, including those involved in the production and distribution of oil and natural gas, are experiencing increased profits. This, in turn, can lead to further investments in exploration and production, creating jobs and contributing to economic growth.
Conclusion
The cash distribution declared by Argent Trust Company for the Cross Timbers Royalty Trust is a positive sign for its unitholders, who will receive a modest return on their investment. This distribution also reflects the current market conditions for oil and natural gas, which remain strong. The continued profitability of the energy sector is essential for economic growth and job creation, making it a vital component of the global economy.
- Argent Trust Company declared a cash distribution of $0.045553 per unit for the Cross Timbers Royalty Trust
- Payable on March 14, 2025, to unitholders of record on February 28, 2025
- Oil sales for the current month were 1,100,000 barrels, with an average price of $65.00 per barrel
- Natural gas sales for the current month were 6,500,000 Mcf, with an average price of $3.20 per Mcf
- The distribution represents a modest return on investment for CRT unitholders
- Strong market conditions for oil and natural gas contribute to economic growth and job creation
