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
$0.040499 per unit, payable on April 13, 2018 to unitholders of record
on March 29, 2018. The distribution primarily represents oil production
during the month of December 2017 and natural gas production during
November 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 58,843 1,898 480,736   16,025 $ 55.79 $ 2.73
Prior Month 62,006 2,067 410,091 13,229 $ 53.29 $ 2.87

Oil cash receipts for the properties underlying the Trust remained
consistent with the prior month at $3.3 million. An increase in oil cash
receipts as a result of a $2.50 per Bbl increase in the realized
wellhead price was offset by reduced sales volumes during the period.
Sales volumes declined due to payment timing differences, while the
realized wellhead price increased as a result of a 2.3% increase in the
NYMEX price to $58.10.

Natural gas cash receipts increased from $1.2 million in the prior
distribution period to $1.3 million in the current month due to an
increase in natural gas volumes, partially offset by a decrease in the
realized natural gas price. Natural gas volumes increased primarily due
to production volumes from four gross (0.4 net) wells in the
Haynesville, which began production in September 2017. Enduro did not
receive revenues for one of these wells until the current month and, as
a result, prior month distribution calculations did not include the
associated natural gas receipts or sales volumes with respect to this
well. As a result, the current period includes all sales volumes from
this well from the time it came online in September 2017 through
November 2017. Sales volumes related to these 4 gross wells included in
the current month distribution calculation were 6,065 Mcf/D. Excluding
the additional months of production from the well described above, sales
volumes associated with these 4 gross wells for November 2017 would have
been 4,735 Mcf/D.

Total direct operating expenses, including lease operating expenses,
production and ad valorem taxes, and gathering and transportation
expenses, were $2.8 million, an increase of $0.1 million from the prior
month. Capital expenditures for the current month distribution
calculation were $33,000, or $0.1 million less than the prior month.
Total direct operating expenses and capital expenditures relate to
expenses incurred in January 2018.

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, 2017, filed with the SEC on March
12, 2018. 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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