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
$0.059578 per unit, payable on May 14, 2018 to unitholders of record on
April 30, 2018. The distribution primarily represents oil production
during the month of January 2018 and natural gas production during
December 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 59,699 1,926 397,208   12,813 $ 60.77 $ 2.87
Prior Month 58,843 1,898 480,736 16,025 $ 55.79 $ 2.73

Oil cash receipts for the properties underlying the Trust totaled $3.6
million for the current month, an increase of $0.3 million from the
prior month distribution period as a result of an increase in the
realized wellhead price compared to the prior month. The realized
wellhead price increased $4.98 per Bbl as a result of a 9.5% increase in
the NYMEX oil price to $63.61.

Natural gas cash receipts decreased from $1.3 million in the prior
distribution period to $1.1 million in the current month due to a
decrease in natural gas volumes, partially offset by an increase in the
realized natural gas price. In the prior month distribution calculation,
natural gas volumes included multiple periods of natural gas receipts
from one well in the Haynesville from the time it came online in
September 2017 through November 2017.

Total direct operating expenses, including lease operating expenses,
production and ad valorem taxes, and gathering and transportation
expenses, were $2.3 million, a decrease of $0.5 million from the prior
month. Capital expenditures increased the net profits attributable to
underlying properties by $50,000 due to actual expenditures in prior
months being lower than anticipated, resulting in capital adjustments
during the current month that increased net profits. Total direct
operating expenses and capital expenditures relate to expenses incurred
in February 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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