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 JULY CASH DISTRIBUTION

 

Dallas, Texas, July 19, 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 $0.219330 per unit, payable on August 12, 2005, to unitholders of record on July 29, 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

   19,900    162,000    $ 44.32    $ 7.85

Prior Month

   24,700    167,000    $ 48.45    $ 7.59

 

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