8.060000 USD
0.11
1.35%
Last update Dec 15, 3:51 PM EST
Pre-market
Day range
8
8.22000
Previous close
8.17000
Open
8.10000
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Cross Timbers Royalty Trust
8.06
0.11
1.35%

Overview

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Description

Cross Timbers Royalty Trust is a financial instrument designed to manage and distribute income derived from oil and gas interests. The trust primarily functions by holding a variety of net profit interests, primarily located in regions known for their rich natural resources, such as Texas, Oklahoma, and New Mexico. A distinctive feature of this trust is its focus on providing income-generating opportunities through the extraction and sale of natural resources without operating the wells directly. In the financial market, Cross Timbers Royalty Trust plays a crucial role by offering investors exposure to the energy sector, particularly oil and gas revenues, without the complexities and direct investments in drilling operations. This trust ensures that the generated income from resource extraction is efficiently distributed to shareholders, thus serving as a bridge between natural resource production and financial market participation.

About

CEO
Employees
0
Address
3838 Oak Lawn Ave
Suite 1720
Dallas, 75219-4518, TX
United States
Phone
855 588 7839
Instrument type
Trust
Sector
Energy
Industry
Oil & Gas E&P
Country
United States
MIC code
XNYS
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