EX-99.1 2 dex991.htm NEWS RELEASE DATED AUGUST 19, 2005 News Release dated August 19, 2005

EXHIBIT 99.1

 

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

 

CROSS TIMBERS ROYALTY TRUST

DECLARES AUGUST CASH DISTRIBUTION

 

Dallas, Texas, August 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 $0.275024 per unit, payable on September 15, 2005, to unitholders of record on August 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

    23,000    202,000    $ 50.59    $ 7.16

Prior Month

    19,900    162,000    $ 44.32    $ 7.85

 

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