Profile: Enduro Royalty Trust (NDRO.N)

NDRO.N on New York Stock Exchange

8.80USD
30 Oct 2014
Price Change (% chg)

$-0.01 (-0.15%)
Prev Close
$8.81
Open
$8.85
Day's High
$8.90
Day's Low
$8.80
Volume
6,812
Avg. Vol
17,890
52-wk High
$14.63
52-wk Low
$8.38

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Enduro Royalty Trust (the Trust) is a statutory trust. On May 13, 2011, the Trust was formed by Enduro Resource Partners LLC (Enduro Sponsor) 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 properties in the states of Texas, Louisiana and New Mexico (the Underlying Properties) held by Enduro Sponsor as of the date of the conveyance of the net profits interest to the trust. The business and affairs of the Trust will be managed by The Bank of New York Mellon Trust Company, N.A., as trustee (the Trustee). In addition, Wilmington Trust Company will act as Delaware trustee (the Delaware Trustee) of the Trust.

The Trust will enter into an administrative services agreement with Enduro pursuant to which Enduro will provide the Trust with certain accounting, bookkeeping, and informational services related to the Net Profits Interest. Enduro Sponsor is a privately-held limited liability company engaged in the production and development of oil and natural gas from properties located in Texas, Louisiana and New Mexico.

Company Address

Enduro Royalty Trust

Global Corporate Trust
Suite 500, 919 Congress Avenue
AUSTIN   TX   78701
P: +1512.2366599

Company Web Links

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