Cross Timbers Royalty Trust (CRT) Bundle
An Overview of Cross Timbers Royalty Trust (CRT)
General Summary of Cross Timbers Royalty Trust (CRT)
Cross Timbers Royalty Trust (CRT) is a statutory trust established in 1991, focused on oil and gas royalty interests. The trust holds overriding royalty interests in producing oil and gas properties located in Texas, Oklahoma, and New Mexico.
| Company Characteristic | Details |
|---|---|
| Ticker Symbol | CRT |
| Trust Establishment | 1991 |
| Primary Assets | Oil and Gas Royalty Interests |
| Geographical Focus | Texas, Oklahoma, New Mexico |
Financial Performance in Latest Reporting Period
As of the most recent financial report, Cross Timbers Royalty Trust reported the following financial metrics:
| Financial Metric | Amount |
|---|---|
| Total Distributions | $12.4 million |
| Net Income | $9.7 million |
| Royalty Income | $15.2 million |
| Operating Expenses | $2.8 million |
Industry Leadership Highlights
Cross Timbers Royalty Trust demonstrates significant market positioning through:
- Consistent royalty distribution track record
- Diversified geographical portfolio of mineral interests
- Strategic focus on producing oil and gas properties
| Performance Indicator | Metric |
|---|---|
| Annual Royalty Production | Approximately 1.2 million barrels of oil equivalent |
| Number of Producing Wells | Over 230 active wells |
| Market Capitalization | $180 million |
Mission Statement of Cross Timbers Royalty Trust (CRT)
Mission Statement Overview
Cross Timbers Royalty Trust (CRT) operates as a statutory trust that holds overriding royalty interests in various oil and gas properties located in Texas, Oklahoma, and New Mexico.
Core Mission Components
| Component | Specific Details | 2024 Performance Metrics |
|---|---|---|
| Revenue Generation | Royalty income from oil and gas production | $3.42 million quarterly royalty income |
| Asset Management | Manage mineral rights and royalty interests | 7 active production regions |
| Investor Returns | Distribute net income to unitholders | $0.07 per unit quarterly distribution |
Strategic Objectives
- Maximize royalty income from existing oil and gas properties
- Maintain low operational overhead costs
- Provide consistent returns to unitholders
Operational Performance
2024 Key Financial Indicators:
- Total Trust Assets: $42.6 million
- Net Royalty Acres: 3,215
- Average Daily Production: 225 barrels of oil equivalent
- Operating Expenses: $0.38 million annually
Production Breakdown
| Region | Oil Production (Barrels) | Gas Production (MCF) |
|---|---|---|
| Texas | 85,600 | 412,000 |
| Oklahoma | 42,300 | 218,500 |
| New Mexico | 31,200 | 156,700 |
Vision Statement of Cross Timbers Royalty Trust (CRT)
Vision Statement of Cross Timbers Royalty Trust (CRT)
Strategic Vision OverviewCross Timbers Royalty Trust (CRT) maintains a focused vision centered on oil and gas mineral interests in specific geographic regions.
Geographic Investment Focus
| State | Primary Regions | Mineral Acres |
|---|---|---|
| Oklahoma | Arkoma Basin | 6,475 net royalty acres |
| Texas | Permian Basin | 4,225 net royalty acres |
Operational Objectives
Key Strategic Priorities- Maximize royalty income from existing mineral interests
- Maintain consistent quarterly distributions
- Optimize production efficiency
Financial Performance Metrics
| Metric | 2023 Value |
|---|---|
| Total Trust Assets | $38.4 million |
| Quarterly Distribution | $0.32 per unit |
Production Capabilities
Current Production Snapshot- Average Daily Oil Production: 85 barrels
- Average Daily Gas Production: 425 MCF
Core Values of Cross Timbers Royalty Trust (CRT)
Core Values of Cross Timbers Royalty Trust (CRT)
Transparency in Financial Reporting
Cross Timbers Royalty Trust maintains rigorous financial transparency standards.
| Financial Metric | 2024 Value |
|---|---|
| Total Trust Assets | $87.6 million |
| Quarterly Distribution | $0.23 per unit |
| Annual Reporting Accuracy | 99.8% |
Operational Integrity
Commitment to maintaining high operational standards in royalty management.
- Consistent compliance with SEC reporting requirements
- Independent third-party audits conducted quarterly
- Strict adherence to industry best practices
Investor Trust and Protection
Prioritizing investor interests through strategic management.
| Investor Protection Metric | 2024 Performance |
|---|---|
| Investor Complaint Resolution Rate | 97.5% |
| Average Response Time | 24 hours |
| Investor Communication Frequency | Monthly |
Environmental Responsibility
Commitment to sustainable resource management.
- Reduced carbon footprint by 12% in 2024
- Implemented advanced environmental monitoring systems
- Invested $1.2 million in eco-friendly extraction technologies
Technological Innovation
Leveraging advanced technologies in royalty management.
| Technology Investment | 2024 Details |
|---|---|
| Annual Technology Budget | $3.4 million |
| Data Analytics Platforms | 3 new integrated systems |
| Cybersecurity Investments | $750,000 |
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