Enduro Royalty Trust Announces Monthly Cash Distribution

  Enduro Royalty Trust Announces Monthly Cash Distribution

Business Wire

AUSTIN, Texas -- March 18, 2013

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

               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
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