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 JANUARY CASH DISTRIBUTION

 

Dallas, Texas, January 21, 2005 – 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 $0.257322 per unit, payable on February 14, 2005, to unitholders of record on January 31, 2005. 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    217,000    $ 45.08    $ 6.14

Prior Month

    21,000    214,000    $ 48.38    $ 5.96

 

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