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 JUNE CASH DISTRIBUTION

 

Dallas, Texas, June 20, 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 $0.259953 per unit, payable on July 15, 2005, to unitholders of record on June 30, 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

   24,700    167,000    $ 48.45    $ 7.59

Prior Month

   23,100    222,000    $ 49.21    $ 6.20

 

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