Cross Timbers Royalty Trust Declares February Cash Distribution

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Feb 17, 2015, 10:45 ET

DALLAS, Feb. 17, 2015 /PRNewswire/ -- Southwest Bank, 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 $0.151698 per unit, payable on March 13, 2015, to unitholders of record on February 27, 2015. 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 (Bbls)	Gas (Mcf)

Current Month Distribution	21,000	136,000	$62.59	$5.38

Prior Month Distribution	19,000	110,000	$74.17	$6.61

Excess Costs

XTO Energy has advised the trustee that lower oil prices caused costs to exceed revenues on properties underlying the Texas Working Interest net profits interests. However, these excess costs did not reduce net proceeds from the remaining conveyances.

For more information on the Trust, please visit our web site at www.crt-crosstimbers.com.

SOURCE Cross Timbers Royalty Trust