EXHIBIT 99.1
[NEWS RELEASE LETTERHEAD OF CROSS TIMBERS ROYALTY TRUST APPEARS HERE]
CROSS TIMBERS ROYALTY TRUST
DECLARES DECEMBER CASH DISTRIBUTION
Dallas, Texas, December 19, 2014 – 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 $0.213050 per unit, payable on January 15, 2015, to unitholders of record on December 31, 2014. 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 | | | 21,000 | | | | 152,000 | | | $ | 81.06 | | | $ | 5.80 | |
Prior Month | | | 19,000 | | | | 126,000 | | | $ | 88.48 | | | $ | 5.92 | |
Excess Costs
XTO Energy has advised the trustee that decreased costs and increased oil production led to the partial recovery of excess costs on properties underlying the Texas Working Interest net profits interests. However after the partial recovery, there were no remaining 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 atwww.crt-crosstimbers.com.
* * *
Vice President
Southwest Bank, Trustee
Toll Free – 855-588-7839
