CRT Profile
CRT - Cross Timbers Royalty Trust is a trust that receives royalties on oil and gas properties in the United States. The trust was formed in 1991 and is based in Texas.
The trust has interests in various oil and gas properties in Texas, Oklahoma, and New Mexico. The properties are operated by various companies, including Chevron, ConocoPhillips, and Devon Energy. The trust receives royalties based on the production of oil and gas from these properties.
The trust's distributions to unitholders are affected by a variety of factors, including the price of oil and gas, the level of production from the properties, and the trust's expenses. The trust is required to distribute all of its net income to unitholders on a quarterly basis.
Investors in CRT should be aware that the trust has a finite life and will terminate on December 31, 2021. After that date, the trust will sell its remaining assets and distribute the proceeds to unitholders. The trust's final distribution will depend on the trust's net income and expenses during its final period of operation.
Investors in CRT should also be aware that the trust's distributions are subject to fluctuations based on the production and price of oil and gas. As such, the trust's distributions may not be consistent from quarter to quarter, and may be lower in periods of lower production or lower prices for oil and gas.
Overall, CRT is a unique investment opportunity that provides exposure to the oil and gas industry through a trust structure. Investors should carefully consider the risks and uncertainties associated with investing in CRT, including the potential for fluctuations in distributions and the trust's finite life.
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