Cross Timbers Royalty Trust Declares June Cash Distribution
June 19 2009 - 9:45AM
PR Newswire (US)
DALLAS, June 19 /PRNewswire-FirstCall/ -- 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 $0.138745 per unit,
payable on July 14, 2009, to unitholders of record on June 30,
2009. 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 Gas Oil
Gas (Bbls) (Mcf) (per Bbl) (per Mcf) Current Month 18,000 169,000
$43.52 $5.16 Prior Month 17,000 163,000 $46.70 $4.93 Other XTO
Energy Inc. (XTO Energy) has advised the trustee that increased oil
prices for April production led to the partial recovery of excess
costs on properties underlying the Texas and Oklahoma Working
Interests. However, there were not enough proceeds from the
properties underlying the Texas and Oklahoma Working Interests to
be included in this month's distribution. Cross Timbers Royalty
Trust For more information on the Trust, please visit our web site
at http://www.crosstimberstrust.com/. Statements made in this press
release, including those related to future realized oil prices and
monthly distributions, are "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
that are subject to risks and uncertainties which are detailed in
Part I, Item 1A of the trust's Annual Report on Form 10-K for the
year ended December 31, 2008, which is incorporated by this
reference as though fully set forth herein. Although XTO Energy and
the trustee believe that the expectations reflected in such
forward-looking statements are reasonable, neither XTO Energy nor
the trustee can give any assurance that such expectations will
prove to be correct. DATASOURCE: U.S. Trust CONTACT: Nancy G.
Willis, Vice President of U.S. Trust, Bank of America Private
Wealth Management, Trustee, toll free, 1-877-228-5084 Web Site:
http://www.crosstimberstrust.com/
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