Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - CROSS TIMBERS ROYALTY TRUST | d487968d8k.htm |
EXHIBIT 99.1
[NEWS RELEASE LETTERHEAD OF CROSS TIMBERS ROYALTY TRUST APPEARS HERE]
CROSS TIMBERS ROYALTY TRUST
DECLARES FEBRUARY CASH DISTRIBUTION
Dallas, Texas, February 15, 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 $0.154675 per unit, payable on March 14, 2013, to unitholders of record on February 28, 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 |
14,000 | 147,000 | $ | 77.45 | $ | 6.89 | ||||||||||
| Prior Month |
18,000 | 151,000 | $ | 78.01 | $ | 4.53 | ||||||||||
Excess Costs
XTO Energy has advised the trustee that decreased costs led to the partial recovery of excess costs on properties underlying the Texas Working Interest net profits interests. However, there were not enough proceeds from the properties underlying the Texas Working Interest net profits interests to be included in this month’s distribution.
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