EX-99.1 2 ex99_1.htm EHIBIT 99.1 PRESS RELEASE Ehibit 99.1 Press 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 19, 2007 - 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 $0.225083 per unit, payable on February 14, 2007, to unitholders of record on January 31, 2007. 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                    
    
20,000
    
204,000
  
$
52.75
  
$
6.20
 
                           
Prior Month
    
21,000
    
193,000
  
$
53.81
  
$
       7.15 (a)
  
                                    
(a)  
Excludes $323,771 related to lawsuit settlement proceeds for the underpayment of royalties on certain San Juan Basin properties, which increases the
average price to $9.02 per Mcf.
 
 
 
         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