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8-K - FORM 8-K - CROSS TIMBERS ROYALTY TRUSTd598958d8k.htm

EXHIBIT 99.1

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

CROSS TIMBERS ROYALTY TRUST

DECLARES SEPTEMBER CASH DISTRIBUTION

Dallas, Texas, September 20, 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 $0.255779 per unit, payable on October 15, 2013, to unitholders of record on September 30, 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

     16,000         169,000       $ 98.58       $ 6.72   

Prior Month

     18,000         163,000       $ 90.47       $ 7.09   

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