Market Overview

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
$0.023001 per unit, payable on June 14, 2017 to unitholders of record on
May 31, 2017. The distribution primarily represents oil production
during the month of February 2017 and natural gas production during
January 2017.

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 57,714 2,061 305,783     9,864 $ 50.05 $ 3.48
Prior Month 62,978 2,032 306,811 9,897 $ 49.07 $ 3.05

Oil cash receipts for the properties underlying the Trust totaled $2.9
million for the current month, a decrease of $0.2 million from the prior
month calculation primarily as a result of three fewer days of
production in February compared to January. Natural gas cash receipts
increased from $0.9 million in the prior distribution period to $1.1
million in the current month due to a 14 percent increase in the
realized wellhead price as compared to the prior month. The increase in
realized wellhead price was driven by increases in futures pricing for
January, which is the basis upon which a significant portion of the East
Texas / North Louisiana gas volumes are sold.

Total direct operating expenses, including lease operating expenses,
production and ad valorem taxes, and gathering and transportation
expenses, increased $0.5 million to $2.4 million. The increase in direct
operating expenses is primarily due to lower than normal ad valorem tax
expenses in the prior distribution period. The prior month distribution
included ad valorem accrual adjustments resulting from actual 2016 ad
valorem taxes that were approximately $0.3 million lower than
anticipated. Capital expenditures decreased $0.1 million from the
previous period's $0.6 million. Total direct operating expenses and
capital expenditures relate to expenses incurred during March 2017.

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

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, 2016, filed with the SEC on March
15, 2017. The Trust's quarterly and other filed reports are or will be
available over the Internet at the SEC's website at

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