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Enduro Royalty Trust Devotes 2014 Capex To Wolfcamp

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January 23, 2014

Enduro Royalty Trust (NYSE: NDRO) expects it capital to increase during the year. The trust will focus its 2014 capex budget on the Texas Midland Basin’s Wolfcamp project, the trust said Jan. 21.Capex monies vary. Based on properties where it owns interest, Enduro’s capex ranges from $27 to $30 million, the trust said. But based on its 80% net profits interest, the capex ranges from $22 to $24 million. Of the capex, $18 million will go to drilling projects operated by Pioneer Natural Resources in Reagan and Irion Counties, Texas.  ...

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