Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - CROSS TIMBERS ROYALTY TRUST | d555759d8k.htm |
EXHIBIT 99.1
[NEWS RELEASE LETTERHEAD OF CROSS TIMBERS ROYALTY TRUST APPEARS HERE]
CROSS TIMBERS ROYALTY TRUST
DECLARES JUNE CASH DISTRIBUTION
Dallas, Texas, June 18, 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 $0.199172 per unit, payable on July 15, 2013, to unitholders of record on June 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 |
19,000 | 112,000 | $ | 86.69 | $ | 6.38 | ||||||||||
| Prior Month |
18,000 | 124,000 | $ | 85.68 | $ | 6.42 | ||||||||||
Excess Costs
XTO Energy has advised the trustee that increased oil prices 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 |