DALLAS, May 19 TX-US-Trust-Bank-of
DALLAS, May 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 $0.426042 per unit, payable on June 13, 2008, to
unitholders of record on May 30, 2008. The following table shows underlying
oil and gas sales and average prices attributable to the current month and
prior month distributions.
Underlying Sales
VolumesAverage Price
Oil Gas OilGas
(Bbls) (Mcf) (per Bbl) (per Mcf)
Current Month 17,000 159,000$96.94 $9.20 (a)
Prior Month20,000 165,000$84.42 $9.00
(a) Excludes $315,527 related to lawsuit settlement proceeds for the
underpayment of royalties on certain San Juan Basin properties, which
increases the average price to $11.42 per Mcf.
The May 2008 distribution includes lawsuit settlement proceeds related to
the underpayment of royalties on certain San Juan Basin properties. Based on
the information received by XTO Energy, the current month distribution
includes additional royalties in the amount of $545,590, or approximately
$0.09 per unit. Of this amount, $230,063, or approximately $0.04 per unit, is
interest income.
For more information on the Trust, please visit our web site at
http://www.crosstimberstrust.com.
SOURCE U.S. Trust, Bank of America Private Wealth Management
