ENDURO ROYALTY TRUST (NYSE:NDRO) announced today a cash distribution to the holders of its units of beneficial interest of $0.314703 per unit, payable on December 14, 2011, to unitholders of record on November 30, 2011. The Trust’s first distribution relates to net profits generated during the calculation period from July 1, 2011 through September 30, 2011 as provided in the conveyance of net profits interest to the Trust. The distribution primarily represents production during the months of June and July 2011 and only a portion of oil production related to August 2011, while expenses are included for the full three months in the calculation period.
The following table displays underlying oil and natural gas sales volumes and average prices attributable to the three-month period.
|Underlying Sales Volumes||Average Price|
|Oil||Natural Gas||Oil||Natural Gas|
|(Bbls)||(Mcf)||(per Bbl)||(per Mcf)|
|Current Three-Month Calculation Period||220,481||1,413,458||$||89.39||$||4.63|
Capital expenditures included in the net profits calculation during the period were approximately $3.2 million.
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