Common use of Information Underlying Reserve Report Clause in Contracts

Information Underlying Reserve Report. The factual information underlying the estimates of reserves of the Abraxas Parties, which was supplied by the Abraxas Parties to XxXxxxxx and XxxXxxxxxxx for the purposes of preparing the Reserve Report and the estimates of pro forma net proved reserves and standardized measure attributable thereto, including, without limitation, production volumes, 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 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 Partnership Entities 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 Report; estimates of such reserves and present values as described in the Registration Statement, the Disclosure Package and the Prospectus and reflected in the Reserve Report comply in all material respects with the applicable requirements of Regulation S-X and Industry Guide 2 under the Securities Act.

Information Underlying Reserve Report. The factual information underlying the estimates of proved oil and gas reserves of the Abraxas PartiesCompany and the Subsidiaries, which was supplied by the Abraxas Parties Company and the Subsidiaries to XxXxxxxx and XxxXxxxxxxx NSAI for the purposes of preparing the Reserve Report and the estimates of pro forma net proved reserves and standardized measure attributable theretoReports, including, without limitation, production volumes, 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 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 Partnership Entities Company and the Subsidiaries 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, Pre-Pricing Prospectus, the Disclosure Package Prospectus and the any Permitted Free Writing Prospectus and as reflected in the Reserve Report; estimates of such reserves and present values as described in the Registration Statement, Pre-Pricing Prospectus, the Disclosure Package Prospectus and the any Permitted Free Writing Prospectus and reflected in the Reserve Report comply in all material respects with the applicable requirements of Regulation S-X and Industry Guide 2 under the Securities Act.

Information Underlying Reserve Report. The factual information underlying the estimates of pro forma reserves of the Abraxas PartiesPartnership Entities, which was supplied by the Abraxas Parties Partnership Entities to XxXxxxxx and XxxXxxxxxxx NSAI for the purposes of preparing the reserve reports and the letter (the “Reserve Report Letter”) of NSAI included as an annex to each of the Preliminary Prospectus and the estimates of pro forma net proved reserves and standardized measure attributable theretoProspectus, including, without limitation, production volumes, 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 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 Partnership Entities 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 General Disclosure Package and the Prospectus and as reflected in the Reserve ReportReport Letter; estimates of such reserves and present values as described in the Registration Statement, the General Disclosure Package and the Prospectus and reflected in the Reserve Report Letter comply in all material respects with the applicable requirements of Regulation S-X and Industry Guide 2 under the Securities Act.

Information Underlying Reserve Report. The factual information underlying the estimates of pro forma reserves of the Abraxas PartiesPartnership Entities, which was supplied by the Abraxas Parties Partnership Entities to XxXxxxxx and XxxXxxxxxxx NSAI for the purposes of auditing the Partnership’s internally prepared reserve report and preparing the letter (the “Reserve Report Letter”) of NSAI included as an appendix to each of the Preliminary Prospectus and the estimates of pro forma net proved reserves and standardized measure attributable theretoProspectus, including, without limitation, production volumes, 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 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 Partnership Entities 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 General Disclosure Package and the Prospectus and as reflected in the Reserve ReportReport Letter; estimates of such reserves and present values as described in the Registration Statement, the General Disclosure Package and the Prospectus and reflected in the Reserve Report Letter comply in all material respects with the applicable requirements of Regulation S-X and Industry Guide 2 under the Securities Act.

Information Underlying Reserve Report. The factual information underlying the estimates of proved oil and gas reserves of the Abraxas PartiesParent and the Subsidiaries, which was supplied by the Abraxas Parties Parent and the Subsidiaries to XxXxxxxx and XxxXxxxxxxx NSAI for the purposes of preparing auditing such proved oil and natural gas reserves included in the Reserve Report and the estimates of pro forma net proved reserves and standardized measure attributable theretoReport, including, without limitation, production volumes, 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 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 Partnership Entities Parent and the Subsidiaries 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 Pricing Disclosure Package and the Prospectus Final Offering Memorandum and as reflected in the Reserve Report; estimates of such reserves and present values as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus Final Offering Memorandum and reflected in the Reserve Report comply in all material respects with the applicable requirements of Regulation S-X and Industry Guide 2 Subpart 1200 of Regulation S-K under the Securities Act.

Information Underlying Reserve Report. The factual information underlying the estimates of proved oil and gas reserves of the Abraxas PartiesPartnership Entities, which was supplied by the Abraxas Parties Partnership Entities to XxXxxxxx and XxxXxxxxxxx NSAI for the purposes of auditing the Partnership’s internally prepared reserve report and preparing the letter (the “Reserve Report and the estimates Letter”) of pro forma net proved reserves and standardized measure attributable theretoNSAI, including, without limitation, production volumes, 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 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 Partnership Entities 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, Pre-Pricing Prospectus, the Disclosure Package Prospectus and the any Permitted Free Writing Prospectus and as reflected in the Reserve ReportReport Letter; estimates of such reserves and present values as described in the Registration Statement, Pre-Pricing Prospectus, the Disclosure Package Prospectus and the any Permitted Free Writing Prospectus and reflected in the Reserve Report Letter comply in all material respects with the applicable requirements of Regulation S-X and Industry Guide 2 under the Securities Act.