EX-99.1 2 d614888dex991.htm EX-99.1 EX-99.1

EXHIBIT 99.1

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

CROSS TIMBERS ROYALTY TRUST

DECLARES OCTOBER CASH DISTRIBUTION

Dallas, Texas, October 21, 2013 – U.S. Trust, Bank of America Private Wealth Management, 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 $0.246114 per unit, payable on November 15, 2013, to unitholders of record on October 31, 2013. 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

     19,000         155,000       $ 100.86       $ 6.73   

Prior Month

     16,000         169,000       $ 98.58       $ 6.72   

For more information on the Trust, please visit our web site at www.crosstimberstrust.com.

* * *

 

  Contact: Nancy G. Willis
       Vice President
       U.S. Trust, Bank of America
       Private Wealth Management,
       Trustee
       Toll Free – 877-228-5084