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| 8-K - CROSS TIMBERS ROYALTY TRUST | v229013_8k.htm |
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, 2011 – 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 $0.336788 per unit, payable on August 12, 2011, to unitholders of record on July 29, 2011. The following table shows underlying oil and gas sales and average prices attributable to the current month and prior month distributions.
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Underlying Sales
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Volumes
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Average Price
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Oil
(Bbls)
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Gas
(Mcf)
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Oil
(per Bbl)
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Gas
(per Mcf)
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Current Month
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19,000 | 165,000 | $ | 94.61 | $ | 8.55 | ||||||||||
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Prior Month
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17,000 | 185,000 | $ | 103.46 | $ | 7.09 | ||||||||||
For more information on the Trust, please visit our web site at www.crosstimberstrust.com.
* * *
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Contact:
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Nancy G. Willis
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Vice President
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U.S. Trust, Bank of America
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Private Wealth Management,
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Trustee
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Toll Free – 877-228-5084
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