About Enduro Royalty Trust (adapted from Enduro Royalty Trust prospectus):
They are a Delaware statutory trust formed in May 2011 by Enduro Sponsor 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 properties in the states of Texas, Louisiana and New Mexico held by Enduro Sponsor as of the date of the conveyance of the net profits interest to the trust.

This description is adapted from Enduro Royalty prospectus. This description is not intended to be a recommendation to buy stock from this company. To see the company's full description, view their prospectus.