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
Natural Gas(per Mcf)
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.