EX-99.1 2 d875049dex991.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 FEBRUARY CASH DISTRIBUTION

Dallas, Texas, February 17, 2015 – Southwest Bank, 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 $0.151698 per unit, payable on March 13, 2015, to unitholders of record on February 27, 2015. 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			21,000				136,000			$	62.59			$	5.38
Prior Month			19,000				110,000			$	74.17			$	6.61

Excess Costs

XTO Energy has advised the trustee that lower oil prices caused costs to exceed revenues on properties underlying the Texas Working Interest net profits interests. However, these excess costs did not reduce net proceeds from the remaining conveyances.

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

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Contact:		Nancy G. Willis
		Vice President
		Southwest Bank, Trustee
		Toll Free – 855-588-7839