EX-99.1 2 ex99_1.htm EHIBIT 99.1 PRESS RELEASE Ehibit 99.1 Press Release
EXHIBIT 99.1


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


CROSS TIMBERS ROYALTY TRUST
DECLARES AUGUST CASH DISTRIBUTION

 
    Dallas, Texas, August 21, 2006 - Bank of America, N.A., 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 $0.343833 per unit, payable on September 15, 2006, to unitholders of record on August 31, 2006. 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                    
    
18,200
    
289,000
  
$
64.82
  
$
7.26
  
                           
Prior Month
    
24,600
    
186,000
  
$
63.85
  
$
7.51
  
                       
    
    The current month distribution include gas sales volumes of approximately 66,000 Mcf related to production from prior periods.
    
Other
    XTO Energy announced on January 27, 2006 that, in connection with its distribution of Hugoton Royalty Trust (HGT) units to stockholders, it would consider divesting its underlying property interests in both HGT and Cross Timbers Royalty Trust (CRT).  XTO Energy has advised the Trustee, that after a full review, it has decided to retain ownership of these underlying property interests.
 
    For more information on the Trust, please visit our web site at www.crosstimberstrust.com.
 
* * *

Contact:
Nancy G. Willis
Vice President
Bank of America, N.A.
Toll Free - 877/228-5084
www.crosstimberstrust.com