EX-99.1 3 dex991.htm NEWS RELEASE News Release

EXHIBIT 99.1

 

[NEWS RELEASE LETTERHEAD OF CROSS TIMBERS ROYALTY TRUST APPEARS HERE]

 

CROSS TIMBERS ROYALTY TRUST

DECLARES DECEMBER CASH DISTRIBUTION

 

Dallas, Texas, December 19, 2003 – Bank of America, N.A., as Trustee of the Cross Timbers Royalty Trust (NYSE – CRT), today declared a cash distribution to the holders of its units of beneficial interest of $0.165791 per unit, payable on January 15, 2004, to unitholders of record on December 31, 2003. The following table shows underlying oil and gas sales and average prices attributable to the current month and prior month distributions:

 

       Underlying Sales
Volumes
      Average Price
       Oil
(Bbls)
      Gas
(Mcf)
     

Oil

(per Bbl)

      Gas
(per Mcf)

Current Month

      25,100      207,000      $ 27.37      $ 5.02

Prior Month

      24,100      221,000      $ 25.82      $ 5.08

 

For more information on the Trust, please visit our web site at www.crosstimberstrust.com.

 

*     *     *

 

Contact:  

Nancy G. Willis

Vice President

Bank of America, N.A.

Toll Free—877/228-5084

www.crosstimberstrust.com