Cross Timbers Royalty Trust Company Profile - aVenture Research
Cross Timbers Royalty Trust
Cross Timbers Royalty Trust holds conveyed net-profits interests in royalty properties, distributing monthly net-profits income to unitholders; units are NYSE-traded.
Cross Timbers Royalty Trust manages net profits interests derived from royalty and overriding royalty interest properties in Texas, Oklahoma, and New Mexico. The trust's primary assets include a 90% net profits interest in producing properties and an 11.11% nonparticipating royalty interest in nonproducing properties, primarily located in Texas and Oklahoma.
Established in February 1992, Cross Timbers Royalty Trust operates on the New York Stock Exchange. The trust's underlying properties are owned by XTO Energy Inc. Cross Timbers provides investors with exposure to oil and gas production revenues through its diverse portfolio of royalty interests across multiple states.
