UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 18, 2013
Enduro Royalty Trust
(Exact name of registrant as specified in its charter)
Delaware | 1-35333 | 45-6259461 | ||
(State or other jurisdiction | (Commission | (IRS Employer | ||
of incorporation ) | File Number) | Identification No.) |
The Bank of New York Mellon Trust Company, N.A., Trustee Global Corporate Trust 919 Congress Avenue |
||
Austin, Texas | 78701 | |
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: (800) 852-1422
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 2.02 Results of Operations and Financial Condition.
On November 18, 2013, Enduro Royalty Trust issued a press release announcing Enduro Royalty Trusts distribution to be made in December 2013. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.
Pursuant to General Instruction B.2 of Form 8-K and Securities and Exchange Commission Release No. 33-8176, the press release attached as Exhibit 99.1 is not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, but is instead furnished for purposes of that instruction.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit 99.1 | Enduro Royalty Trust Press Release dated November 18, 2013. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Enduro Royalty Trust | ||||||
By: The Bank of New York Mellon Trust Company, N.A., as | ||||||
Trustee | ||||||
Date: November 18, 2013 | By: | /s/ Mary Jo Davis | ||||
Mary Jo Davis | ||||||
Vice President |
EXHIBIT INDEX
Exhibit |
Description | |
99.1 | Enduro Royalty Trust Press Release dated November 18, 2013. |
Exhibit 99.1
Enduro Royalty Trust
Announces Monthly Cash Distribution
AUSTIN, Texas(BUSINESS WIRE)November 18, 2013
Enduro Royalty Trust (NYSE: NDRO) (the Trust) announced today a cash distribution to the holders of its units of beneficial interest of $0.152342 per unit, payable on December 13, 2013, to unitholders of record on November 29, 2013. The distribution primarily represents oil production during the month of August 2013 and natural gas production during July 2013.
The following table displays underlying oil and natural gas sales volumes and average prices attributable to the current and prior month distributions.
Underlying Sales Volumes | Average Price | |||||||||||||||
Oil (Bbls) |
Natural Gas (Mcf) |
Oil (per Bbl) |
Natural Gas (per Mcf) |
|||||||||||||
Current Month |
71,530 | 566,590 | $ | 105.10 | $ | 3.77 | ||||||||||
Prior Month |
74,378 | 571,741 | $ | 102.24 | $ | 3.95 |
Capital expenditures for the properties underlying the Trust during the period were approximately $0.4 million, which relates to expenses incurred during September 2013. Proceeds from the settlement of hedge contracts for the properties underlying the Trust were approximately $0.5 million, which primarily related to settlements of September 2013 natural gas hedges.
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 Trusts 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 and the amount and timing of the Trusts 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.
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. The anticipated distribution is based, in 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. Any differences in actual cash receipts by the Trust could affect this distributable amount. 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
Enduro Royalty Trust
Monthly Cash Distribution
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 Trusts filings with the SEC, including the risks described in the Trusts Annual Report on Form 10-K for the year ended December 31, 2012, filed with the SEC on March 18, 2013. The Trusts quarterly and other filed reports are or will be available over the Internet at the SECs website at http://www.sec.gov.
Contact
Enduro Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Mary Jo Davis, 1 (713) 483-6792
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