EX-99.1 2 dex991.htm PRESS RELEASE Press Release

EXHIBIT 99.1

 

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

 

CROSS TIMBERS ROYALTY TRUST

DECLARES MAY CASH DISTRIBUTION

 

Dallas, Texas, May 18, 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 $0.198580 per unit, payable on June 14, 2004, to unitholders of record on May 28, 2004. 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

    23,200    202,000    $ 33.47    $ 5.88

Prior Month

    22,800    256,000    $ 31.99    $ 5.42

 

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