Enduro Royalty Trust Announces Monthly Cash Distribution

Mon Mar 18, 2013 9:15am EDT

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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 $0.056553 per
unit, payable on April 12, 2013, to unitholders of record on March 28, 2013. The
distribution primarily represents oil production during the month of December
2012 and natural gas production during November 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    77,391                755,408        $       77.66        $       3.54    
 Prior Month      75,573                798,646        $       81.40        $       3.21    
                                                                                            


Average oil prices decreased compared to the prior month due to the impact of
wider than historical basis differentials in the Permian Basin. Basis
differentials were wider than normal through February 2013 but have narrowed to
return to normal levels in March 2013. Proceeds from the settlement of
applicable hedge contracts related to the properties underlying the Trust were
approximately $1.0 million. 

Capital expenditures for the properties underlying the Trust during the period
were approximately $3.8 million. Capital relates to expenses incurred during
January 2013, primarily for two Permian oil wells being drilled in the Lost Tank
field in southeastern New Mexico, in which Enduro owns a 50% working interest.
Capital expenditures for these two wells are expected to total approximately
$7.3 million, of which $2.9 million was included in the previous month`s
capital, $3.2 million is included in the current month`s capital expenditures,
and the remainder is expected to be incurred in March. The wells were spud in
December 2012 and are expected to be completed and producing within the next two
months. Capital remains consistent with expectations for the 2013 capital
program of $22 - $24 million for the underlying properties ($18 - $19 million
net to the Trust's 80% net profits interest) as discussed in the prior month's
release and the February 2013 presentation included on the Trust's website. 

Enduro Royalty Trust`s 2012 tax information booklet is complete and available on
the Trust`s website. 

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 



Copyright Business Wire 2013

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