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Cross Timbers Royalty Trust is a Texas-based entity that holds net profits interests in oil and gas properties primarily in Texas, Oklahoma, and New Mexico. It generates income from royalty and working interests, distributing cash to unitholders. The trust's assets include mature, depleting oil and gas reserves, with income driven by commodity prices, production volumes, and operational costs, operating within a highly regulated energy industry.
This description was generated via AI from an annual report. Updated about 1 year ago.