EX-99.1 3 dex991.htm NEWS RELEASE DATED FEBRUARY 17, 2004 News Release dated February 17, 2004

EXHIBIT 99.1

 

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

 

CROSS TIMBERS ROYALTY TRUST

DECLARES FEBRUARY CASH DISTRIBUTION

 

Dallas, Texas, February 17, 2004—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 $0.162076 per unit, payable on March 12, 2004, to unitholders of record on February 27, 2004. The following table shows underlying oil and gas sales and average prices attributable to the current month and prior month distributions:

 

     Underlying
SalesVolumes
   Average Price
     Oil
(Bbls)		   Gas
(Mcf)		    
 		 Oil
(per Bbl)		    
 		 Gas
(per Mcf)
    
 
 
 

Current Month

    23,400   217,000   $ 29.54   $ 5.02

Prior Month

    23,300   213,000   $ 28.07   $ 4.86

 

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