CROSS TIMBERS ROYALTY TRUST

Cross Timbers Royalty Trust is an express trust that holds net profits interests carved out of producing and nonproducing oil and natural gas properties. The trust receives net profits income derived from ninety percent net profits royalty interests and seventy-five percent net profits working interests. Its underlying revenue streams come from the extraction and commercial sale of natural gas and crude oil, marketed primarily under sales contracts and marketing arrangements managed by the operating parties. The trust itself conducts no commercial operations and has no employees, functioning to collect proceeds and distribute available net income to unitholders.

The underlying oil and gas properties that support the trust's net profits interests are located in Texas, Oklahoma, and New Mexico. The trust's principal executive office is situated in Dallas, Texas, where trust administrative functions and investor reporting are maintained by its corporate trustee, Argent Trust Company.

Summary of the business section of Cross Timbers Royalty Trust's latest annual report, written by StockData.