Enduro Royalty Trust Announces Monthly Cash Distribution

AUSTIN, Texas--(BUSINESS WIRE)--

Enduro Royalty Trust NDRO (the "Trust") today announced a cash distribution to the holders of its units of beneficial interest of $0.001016 per unit, payable on June 14, 2016 to unitholders of record on May 31, 2016. The distribution primarily represents oil production during the month of February 2016 and natural gas production during January 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			64,393			2,220			361,611			11,665			$	27.89			$	1.87
Prior Month			69,156			2,231			392,316			12,655			$	29.06			$	1.85

Oil cash receipts for the properties underlying the Trust totaled $1.8 million for the current month, a decrease of $0.2 million from the prior month calculation. The decrease was primarily due to two fewer production days in February. Natural gas cash receipts were consistent with the prior month, totaling approximately $0.7 million.

Total direct operating expenses, including lease operating expenses, production and ad valorem taxes, and gathering and transportation expenses, increased to $2.6 million as compared to $2.2 million in the prior month distribution calculation.

Actual capital costs incurred have continued to be less than projected, resulting in a capital adjustment during the current month calculation that increased net profits by $0.1 million as a result of accrual reductions related to projects where actual costs incurred were less than projected.

Total direct operating expenses and capital expenditures relate to expenses incurred during March 2016.

About Enduro Royalty Trust

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, the amount and timing of capital expenditures, and 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.

Forward-Looking Statements and Cautionary Statements

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 and expected expenses, including capital expenditures. The anticipated distribution is based, in large 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. The amount of such cash received or expected to be received by the Trust (and its ability to pay distributions) has been and will be significantly and negatively affected by prevailing low commodity prices, which have declined significantly, could decline further and could remain low for an extended period of time. 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, 2015, filed with the SEC on March 11, 2016. 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.

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