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Contact Information Enduro Royalty Trust919 Congress Ave., Ste. 500 Austin, TX 78701 TX Tel. 512-236-6599 |
Type: Public
In oil and gas, Enduro trusts. Enduro Royalty Trust is a Delaware trust formed in 2011 that owns royalty interests in oil and gas production properties in Texas, Louisiana, and New Mexico. The trust is entitled to receive 80% of net profits from the sale of oil and natural gas produced by privately held Enduro Sponsor at properties in the Permian Basin and in the East Texas/North Louisiana regions; it then makes monthly distributions to trust unitholders. Enduro Sponsor holds interests in more than 900 net producing wells that are operated by third-party oil and gas companies. Its properties have proved reserves of about 27 million barrels of oil equivalent. Enduro Royalty Trust filed to go public in 2011.
Key numbers for fiscal year ending December, 2010:
Sales: $4.0M
Net income: ($8.2)M
Officers:
President, CEO, and Manager Enduro Resource Holdings LLC: Jon S. (Jonny) Brumley
EVP, COO, and Manager Enduro Resource Holdings LLC: John W. Arms
VP and CFO Enduro Resource Holdings LLC: Kimberly A. (Kim) Weimer
Enduro Royalty Trust, a trust formed by Enduro Resource Partners to own royalty interests in producing and developmental wells in the Permian Basin of West Texas/New Mexico and the Haynesville Shale of East Texas/North Louisiana, raised $290 million by offering 13.2 million shares at $22, below the range of $23 to $25. Enduro Royalty Trust plans to list on the NYSE under the symbol NDRO. Barclays Capital, Citi, Goldman Sachs, RBC Capital Markets and Wells Fargo acted as lead managers on the deal.
http://seekingalpha.com/news-article/2241431-enduro-royalty-trust-announces-monthly-cash-distribution
http://www.iposcoop.com/index.php?option=com_content&task=view&id=2480&Itemid=134
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