Enduro Royalty Trust Announces Monthly Cash Distribution

Enduro Royalty Trust (NYSE: NDRO) announced today a cash distribution to the holders of its units of beneficial interest of $0.150535 per unit, payable on August 14, 2012, to unitholders of record on July 31, 2012. The distribution primarily represents oil production during the month of April 2012 and natural gas production during March 2012, and includes proceeds of approximately $1.2 million related to the settlement of applicable hedge contracts.

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

(Bbls)
  Natural Gas

(Mcf)
Oil

(per Bbl)
  Natural Gas

(per Mcf)
Current Month 73,609 753,823 $ 101.36 $ 2.77
Prior Month 81,730 665,676 $ 101.11 $ 3.03

The majority of the decrease in oil production is due to certain operators recording adjustments for several months of production during the current calculation period. As a result, the reported current month production is lower than prior months and production month actuals and does not accurately represent one month of oil production. The adjustments are not anticipated to impact future production levels. Oil production continues to exceed estimates due to increased capital projects in the Permian Basin and a flatter base decline on existing oil wells.

If you liked this article you might like

Exxon, Chevron Shares Climb Late as Oil Rebounds Off 2017 Low

3 Stocks With Upcoming Ex-Dividend Dates: NDRO, IRT, COKE

3 Stocks Going Ex-Dividend Tomorrow: NDRO, DCUC, WIN

Dividend Watch: 3 Stocks Going Ex-Dividend Thursday: NDRO, CLDT, CPG

Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: NDRO, TLP, EDR