Jun 20, 2017   SOURCE: PR NewsWire

Cross Timbers Royalty Trust Declares June Cash Distribution

DALLAS, June 20, 2017 /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 $0.085327 per unit, payable on July 17, 2017, to unitholders of record on June 30, 2017. 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
     Distribution            20,000         133,000      $47.01    $3.87


    Prior Month
     Distribution            17,000         114,000      $46.82    $4.74

Excess Costs

XTO Energy has advised the trustee that increased oil production in the current month distribution led to the partial recovery of excess costs on properties underlying the Oklahoma Working Interest net profits interests. However after the partial recovery, there were no remaining proceeds from the properties underlying the Oklahoma Working Interest net profits interests to be included in this month's distribution.

XTO Energy has advised the trustee that continued lower oil prices in relation to operating expenses 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.

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SOURCE Cross Timbers Royalty Trust