Enduro Royalty Trust Announces Monthly Cash Distribution

Enduro Royalty Trust (NYSE: NDRO) (the "Trust") today announced a cash distribution to the holders of its units of beneficial interest of $0.028057 per unit, payable on December 14, 2016 to unitholders of record on November 30, 2016. The distribution primarily represents oil production during the month of August 2016 and natural gas production during July 2016.

The following table displays underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month net profits interest calculations.
    Underlying Sales Volumes       Average Price
Oil       Natural Gas Oil     Natural Gas
Bbls     Bbls/D Mcf     Mcf/D (per Bbl) (per Mcf)
Current Month 61,254 1,976 334,973 10,806 $ 41.85 $ 2.47
Prior Month 63,585 2,051 349,412 11,647 $ 41.83 $ 2.04
 

Oil cash receipts for the properties underlying the Trust totaled $2.6 million for the current month, a decrease of $0.1 million from the prior month calculation. The decrease was due to variances in oil production volumes resulting from natural production declines along with payment timing differences related to non-operated wells. Average oil NYMEX pricing remained consistent for the respective periods with August average oil prices at $45.01 per Bbl compared to $45.08 per Bbl in July. Natural gas cash receipts increased from $0.7 million in the prior distribution period to $0.8 million due to a 21 percent increase in the realized wellhead price as compared to the prior month. This increase in realized wellhead price was driven by a seven percent increase in NYMEX pricing, from $2.61 per Mcf to $2.79 per Mcf, combined with a narrowing of the differential from 22 percent to 12 percent.

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