Enduro Royalty Trust Announces Monthly Cash Distribution

Fri Feb 15, 2013 9:15am EST

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AUSTIN, Texas--(Business Wire)--
Enduro Royalty Trust (NYSE: NDRO) (the "Trust") announced today a cash
distribution to the holders of its units of beneficial interest of $0.070519 per
unit, payable on March 14, 2013, to unitholders of record on February 28, 2013.
The distribution primarily represents oil production during the month of
November 2012 and natural gas production during October 2012. 

The following table displays underlying oil and natural gas sales volumes and
average prices attributable to the current month and prior month distributions.

                  Underlying Sales Volumes             Average Price                        
                  Oil                   Natural Gas    Oil                  Natural Gas     
                  (Bbls)                (Mcf)          (per Bbl)            (per Mcf)       
 Current Month    75,573                798,646        $       81.40        $       3.21    
 Prior Month      77,200                827,053        $       84.87        $       2.83    
                                                                                            


Proceeds from the settlement of applicable hedge contracts related to the
properties were approximately $0.9 million. 

Capital expenditures for the properties underlying the Trust during the period
were approximately $3.3 million. Capital relates to incurred expenses during
December 2012, primarily for two Permian oil wells being drilled in the Lost
Tank field in southeastern New Mexico. Enduro owns a 50% working interest in the
field and expects capital expenditures related to these two wells to total
approximately $7.3 million, of which $2.9 million was included in the current
month's capital and $3.5 million is expected to be included in next month's
capital expenditures. The wells were spud in December 2012 and are expected to
begin producing in February 2013. 

Total capital incurred during 2012 for the underlying properties was
approximately $15.8 million. In 2013, Enduro Resource Partners, the sponsor of
the Trust, expects capital to range from $22 - $24 million, focused on projects
in the Permian Basin. These projects are anticipated to grow oil production
during the year. For further information on the 2013 capital program and
projects, Enduro has prepared a presentation which will be posted on the Trust`s
website today. 

Enduro Royalty Trust is a Delaware statutory trust formed by Enduro Resource
Partners to own a net profits interest representing the right to receive 80% of
the net profits from the sale of oil and natural gas production from certain of
Enduro Resource Partners` properties in the states of Texas, Louisiana and New
Mexico. As described in the Trust`s filings with the Securities and Exchange
Commission, the amount of the periodic distributions is expected to fluctuate,
depending on the proceeds received by the Trust as a result of actual production
volumes, oil and gas prices and the amount and timing of the Trust`s
administrative expenses, among other factors. Future distributions are expected
to be made on a monthly basis. For additional information on the Trust, please
visit www.enduroroyaltytrust.com. 

This press release contains statements that are "forward-looking statements"
within the meaning of Section 21E of the Securities Exchange Act of 1934, as
amended. All statements contained in this press release, other than statements
of historical facts, are "forward-looking statements" for purposes of these
provisions. These forward-looking statements include the amount and date of any
anticipated distribution to unitholders. The anticipated distribution is based,
in part, on the amount of cash received or expected to be received by the Trust
from Enduro Resource Partners with respect to the relevant period. Any
differences in actual cash receipts by the Trust could affect this distributable
amount. Other important factors that could cause actual results to differ
materially include expenses of the Trust and reserves for anticipated future
expenses. Statements made in this press release are qualified by the cautionary
statements made in this press release. Neither Enduro Resource Partners nor the
Trustee intends, and neither assumes any obligation, to update any of the
statements included in this press release. An investment in units issued by
Enduro Royalty Trust is subject to the risks described in the Trust`s filings
with the SEC, including the risks described in the Trust`s Annual Report on Form
10-K for the year ended December 31, 2011, filed with the SEC on March 30, 2012.
The Trust`s quarterly and other filed reports are or will be available over the
Internet at the SEC`s website at http://www.sec.gov.

Enduro Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Mike Ulrich, 1-800-852-1422 



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