EX-99.1 2 dex991.htm NEWS RELEASE News Release

EXHIBIT 99.1

 

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

 

CROSS TIMBERS ROYALTY TRUST

DECLARES NOVEMBER CASH DISTRIBUTION

 

Dallas, Texas, November 19, 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 $0.249191 per unit, payable on December 14, 2004, to unitholders of record on November 30, 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

    24,400    232,000    $ 41.35    $ 6.02

Prior Month

    22,800    206,000    $ 41.58    $ 6.54

 

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