Common use of Independent Petroleum Engineers Clause in Contracts

Independent Petroleum Engineers. Cxxxxx, Gxxxxxxxx & Associates, Inc., whose reports are referenced in the Registration Statement, the Disclosure Package and Prospectus and who has delivered the letter referred to in Section 6(o) hereof, was, as of the date of such reports, and is, as of the date hereof, an independent reserve engineer with respect to the Partnership; and the factual information underlying the estimates of the reserves of Quest and the Partnership, which were supplied by Quest and the Partnership to Cxxxxx, Gxxxxxxxx & Associates, Inc. for the purposes of preparing the reserve reports of Quest and the Partnership referenced in the Prospectus (the “Reserve Reports”), including, without limitation, production volumes, sale prices for production, contractual pricing provisions under oil or gas sales or marketing contracts or under hedging arrangements, costs of operations and development and working interest and net revenue information relating to Quest’s and the Partnership’s ownership interests in the Assets, was true and correct in all material respects on the dates such estimates were made and such information was supplied and was prepared in accordance with customary industry practices; other than normal production of the reserves and intervening market commodity price fluctuations, the Quest Parties are not aware of any facts or circumstances that would result in a material adverse change in the reserves, or the present value of future net cash flows therefrom, as described in the Registration Statement, the Disclosure Package and the Prospectus and as reflected in the Reserve Reports; estimates of such reserves and present values as described in the Registration Statement, the Disclosure Package and the Prospectus and reflected in the Reserve Reports comply in all material respects with the applicable requirements of Regulation S-X and Industry Guide 2 under the Securities Act.

Independent Petroleum Engineers. Cxxxxx(a) Netherland, Gxxxxxxxx Xxxxxx & Associates, Inc., whose reports are report as of February 6, 2014, is referenced in the Registration Statement, the General Disclosure Package and Prospectus and who has delivered the letter referred to in Section 6(o) hereofProspectus, was, was as of the date of such reportsFebruary 6, 2014, and is, as of the date hereof, an independent reserve petroleum engineer with respect to the Partnership; and the factual Company. The information underlying the estimates of the reserves of Quest the Company and the Partnershipits subsidiaries, which were was supplied by Quest and the Partnership Company to CxxxxxNetherland, Gxxxxxxxx Xxxxxx & Associates, Inc. for the purposes of preparing reviewing the reserve reports and estimates of Quest the Company and preparing the Partnership referenced in the Prospectus letters (the “Netherland Reserve ReportsReport Letters”)) of Netherland, Xxxxxx & Associates, Inc., including, without limitation, production volumesproduction, sale costs of operation and development, current prices for production, contractual pricing provisions under oil or gas sales or marketing contracts or under hedging arrangements, costs of agreements relating to current and future operations and development and working interest and net revenue information relating to Quest’s and the Partnership’s ownership interests in the Assetssales of production, was true and correct in all material respects on the dates as of which such estimates were made and such information was supplied and was prepared in accordance with customary industry practices; other than normal production of the reserves and intervening market commodity price fluctuations, the Quest Parties are not aware of any facts or circumstances that would result in a material adverse change in the reserves, or the present value of future net cash flows therefrom, as described in the Registration Statement, the Disclosure Package and the Prospectus and as reflected in the Reserve Reports; estimates of such reserves and present values as described in the Registration Statement, the General Disclosure Package and the Prospectus and reflected in the Netherland Reserve Reports Report Letters comply in all material respects with the applicable requirements of Regulation S-X and Industry Guide 2 under the Securities Act. (b) Netherland, Xxxxxx & Associates, Inc., whose report as of June 30, 2014, is referenced in the Registration Statement, the General Disclosure Package and the Prospectus, was as of June 30, 2014, and is, as of the date hereof, an independent petroleum engineer with respect to assets (“Acquired Assets”) acquired pursuant to the Chesapeake Agreement (as defined below). To the Company’s knowledge, the information underlying the estimates of reserves of the Acquired Assets, which was supplied with regard to the Acquired Assets to Netherland, Xxxxxx & Associates, Inc. for purposes of reviewing the reserve reports and estimates relating to the Acquired Assets and preparing the letters (the “Acquired Assets Reserve Report Letters”) of Netherland, Xxxxxx & Associates, Inc., including, without limitation, production, costs of operation and development, current prices for production, agreements relating to current and future operations and sales of production, was true and correct in all material respects on the dates as of which such estimates were made and such information was supplied and was prepared in accordance with customary industry practices; estimates of such reserves and present values as described in the Registration Statement, the General Disclosure Package and the Prospectus and reflected in the Acquired Assets Reserve Report Letters comply in all material respects with the applicable requirements of Regulation S-X and Industry Guide 2 under the Act.

Independent Petroleum Engineers. CxxxxxNetherland, Gxxxxxxxx Xxxxxx & Associates, Inc., whose reports are (i) report as of December 31, 2020 regarding the reserves of the Company, is referenced in the Registration Statement, the General Disclosure Package and Prospectus the Prospectus, and who has delivered (ii) report as of December 31, 2020 regarding the letter referred to reserves of Indigo Resources, is referenced in Section 6(o) hereofthe Registration Statement, wasthe General Disclosure Package and the Prospectus, was as of the date of such reports, and is, as of the date hereof, an independent reserve petroleum engineer with respect to the Partnership; Company and the factual Indigo Resources, respectively. The information underlying the estimates of the reserves of Quest and (i) the PartnershipCompany, which were was supplied by Quest and the Partnership Company to CxxxxxNetherland, Gxxxxxxxx Xxxxxx & Associates, Inc. for the purposes of preparing reviewing the reserve reports and estimates of Quest the Company and preparing the Partnership referenced in the Prospectus letter (the “Company Reserve ReportsReport Letter”)) of Netherland, Xxxxxx & Associates, Inc., including, without limitation, production volumesproduction, sale costs of operation and development, current prices for production, contractual pricing provisions under oil or gas agreements relating to current and future operations and sales or marketing contracts or under hedging arrangementsof production, and (ii) to the knowledge of the Company Parties, Indigo Resources, which was supplied to Netherland, Xxxxxx & Associates, Inc. for purposes of reviewing the reserve reports and estimates of Indigo Resources and preparing the letter (the “Indigo Reserve Report Letter”) of Netherland, Xxxxxx & Associates, Inc., including, without limitation, production, costs of operation and development, current prices for production, agreements relating to current and future operations and development and working interest and net revenue information relating to Quest’s and the Partnership’s ownership interests in the Assetssales of production, was were each true and correct in all material respects on the dates as of which such estimates were made and such information was supplied and was prepared in accordance with customary industry practices; other than normal production of the reserves and intervening market commodity price fluctuations, the Quest Parties are not aware of any facts or circumstances that would result in a material adverse change in the reserves, or the present value of future net cash flows therefrom, as described in the Registration Statement, the Disclosure Package and the Prospectus and as reflected in the Reserve Reports; estimates of such reserves and present values as described in the Registration Statement, the General Disclosure Package and the Prospectus and reflected in the Netherland Reserve Reports Report Letter comply in all material respects with the applicable requirements of Regulation S-X and Industry Guide 2 under the Securities Act. To the knowledge of the Company Parties, the information underlying the estimates of reserves of Montage Resources, including, without limitation, production, costs of operation and development, current prices for production, agreements relating to current and future operations and sales of production, was true and correct in all material respects on the dates as of which such estimates were made; estimates of such reserves and present values as described in the General Disclosure Package and the Prospectus comply in all material respects with the applicable requirements of Regulation S-X and Industry Guide 2 under the Securities Act.

Independent Petroleum Engineers. CxxxxxNetherland, Gxxxxxxxx Xxxxxx & Associates, Inc., whose reports are dated as of February 7, 2020, is referenced in the Registration Statement, the General Disclosure Package and Prospectus and who has delivered the letter referred to in Section 6(o) hereofProspectus, was, was as of the date of such reportsDecember 31, 2020, and is, as of the date hereof, an independent reserve petroleum engineer with respect to the Partnership; and the factual Company. The information underlying the estimates of the reserves of Quest and the PartnershipCompany, which were was supplied by Quest and the Partnership Company to CxxxxxNetherland, Gxxxxxxxx Xxxxxx & Associates, Inc. for the purposes of preparing reviewing the reserve reports and estimates of Quest the Company and preparing the Partnership referenced in the Prospectus letter (the “Netherland Reserve ReportsReport Letter”)) of Netherland, Xxxxxx & Associates, Inc., including, without limitation, production volumesproduction, sale costs of operation and development, current prices for production, contractual pricing provisions under oil or gas sales or marketing contracts or under hedging arrangements, costs of agreements relating to current and future operations and development and working interest and net revenue information relating to Quest’s and the Partnership’s ownership interests in the Assetssales of production, was true and correct in all material respects on the dates as of which such estimates were made and such information was supplied and was prepared in accordance with customary industry practices; other than normal production of the reserves and intervening market commodity price fluctuations, the Quest Parties are not aware of any facts or circumstances that would result in a material adverse change in the reserves, or the present value of future net cash flows therefrom, as described in the Registration Statement, the Disclosure Package and the Prospectus and as reflected in the Reserve Reports; estimates of such reserves and present values as described in the Registration Statement, the General Disclosure Package and the Prospectus and reflected in the Netherland Reserve Reports Report Letter comply in all material respects with the applicable requirements of Regulation S-X and Industry Guide 2 under the Securities Act. To the knowledge of the Company Parties, the information underlying the estimates of reserves of Montage Resources, including, without limitation, production, costs of operation and development, current prices for production, agreements relating to current and future operations and sales of production, was true and correct in all material respects on the dates as of which such estimates were made; estimates of such reserves and present values as described in the General Disclosure Package and the Prospectus comply in all material respects with the applicable requirements of Regulation S-X and Industry Guide 2 under the Securities Act.