Common use of Information Underlying Reserve Report Clause in Contracts

Information Underlying Reserve Report. The information underlying the estimates of the Partnership's proved reserves that was supplied to the Reservoir Engineer for the purposes of preparing the Reserve Report and estimates of the proved reserves of the Partnership disclosed in the Registration Statement, General Disclosure Package and the Prospectus, including, production, costs of operation, and, to the Partnership Entities' knowledge, future operations and sales of production, was true and correct in all material respects on the dates such information was provided, and such information was supplied and was prepared in accordance with customary industry practices; and the estimates of such reserves and PV-10 thereof as described in the Registration Statement, General Disclosure Package and the Prospectus and reflected in the Reserve Report referenced therein have been prepared in a manner that complies with the applicable requirements of the 1933 Act Regulations. Other than normal production of the reserves, product price fluctuations, and fluctuations of demand for such products, and except as disclosed in the Registration Statement, General Disclosure Package and the Prospectus, no Legacy Party is aware of any facts or circumstances that would result in a materially adverse change in the reserves in the aggregate, or the aggregate present value of the future net cash flows therefrom as described in the Registration Statement, General Disclosure Package and the Prospectus and as reflected in the Reserve Report.

Appears in 1 contract

Samples: Underwriting Agreement (Legacy Reserves L P)

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Information Underlying Reserve Report. The factual information underlying the estimates of pro forma reserves of the Partnership's proved reserves that Partnership Entities, which was supplied by the Partnership Entities to the Reservoir Engineer NSAI for the purposes of preparing the reserve reports and the letter (the “Reserve Report and estimates Letter”) of NSAI included as an annex to each of the proved reserves of the Partnership disclosed in the Registration Statement, General Disclosure Package Preliminary Prospectus and the Prospectus, including, productionwithout limitation, production volumes, costs of operationoperation and development, andcurrent prices for production, agreements relating to the Partnership Entities' knowledge, current and future operations and sales of production, was true and correct in all material respects on the dates such information was provided, estimates were made and such information was supplied and was prepared in accordance with customary industry practices; and other than normal production of the estimates of such reserves and PV-10 thereof 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 Report 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 referenced therein have been prepared Letter comply in a manner that complies all material respects with the applicable requirements of Regulation S-X and Industry Guide 2 under the 1933 Act Regulations. Other than normal production of the reserves, product price fluctuations, and fluctuations of demand for such products, and except as disclosed in the Registration Statement, General Disclosure Package and the Prospectus, no Legacy Party is aware of any facts or circumstances that would result in a materially adverse change in the reserves in the aggregate, or the aggregate present value of the future net cash flows therefrom as described in the Registration Statement, General Disclosure Package and the Prospectus and as reflected in the Reserve ReportSecurities Act.

Appears in 1 contract

Samples: Underwriting Agreement (Pioneer Southwest Energy Partners L.P.)

Information Underlying Reserve Report. The information underlying the estimates of the Partnership's ’s proved reserves that was supplied to the Reservoir Engineer XxXxxxx for the purposes of preparing the Reserve Report and estimates of the proved reserves of the Partnership disclosed in the Registration Statement, General Disclosure Package Statement and the Prospectus, including, production, costs of operation, and, to the Partnership Entities' knowledgeknowledge of the Partnership, future operations and sales of production, was true and correct in all material respects on the dates such information was provided, and such information was supplied and was prepared in accordance with customary industry practices; and the estimates of such reserves and PV-10 standardized measure thereof as described in the Registration Statement, General Disclosure Package Statement and the Prospectus and future net cash flow reflected in the Reserve Report referenced therein have been prepared in a manner that complies with the applicable requirements of the 1933 Act Rules and Regulations. Other than normal production of the reserves, product price fluctuations, and fluctuations of demand for such products, and except as disclosed in the Registration Statement, General Disclosure Package Statement and the Prospectus, no Legacy Party is aware of any facts or circumstances that would result in a materially adverse change in the reserves in the aggregate, or the aggregate present value of the future net cash flows therefrom as described in the Registration Statement, General Disclosure Package Statement and the Prospectus and as reflected in the Reserve Report.

Appears in 1 contract

Samples: Distribution Agreement (Legacy Reserves Lp)

Information Underlying Reserve Report. The information underlying the estimates of the Partnership's ’s proved reserves that was supplied to the Reservoir Engineer for the purposes of preparing the Reserve Report and estimates of the proved reserves of the Partnership disclosed in the Registration Statement, General Disclosure Package and the Prospectus, including, production, costs of operation, and, to the Partnership Entities' knowledge, future operations and sales of production, was true and correct in all material respects on the dates such information was provided, and such information was supplied and was prepared in accordance with customary industry practices; and the estimates of such reserves and PV-10 standardized measure thereof as described in the Registration Statement, General Disclosure Package and the Prospectus and future net cash flow reflected in the Reserve Report referenced therein have been prepared in a manner that complies with the applicable requirements of the 1933 Act Regulations. Other than normal production of the reserves, product price fluctuations, and fluctuations of demand for such products, and except as disclosed in the Registration Statement, General Disclosure Package and the Prospectus, no Legacy Party is aware of any facts or circumstances that would result in a materially adverse change in the reserves in the aggregate, or the aggregate present value of the future net cash flows therefrom as described in the Registration Statement, General Disclosure Package and the Prospectus and as reflected in the Reserve Report.

Appears in 1 contract

Samples: Underwriting Agreement (Legacy Reserves L P)

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Information Underlying Reserve Report. The information underlying the estimates of the Partnership's Company’s proved reserves that was supplied to the Reservoir Engineer Xxxxx Xxxxx for the purposes of preparing the Reserve Report and estimates of the proved reserves of the Partnership Company disclosed in the Registration Statement, General Disclosure Package Statement and the Prospectus, including, including production, costs of operation, operation and, to the Partnership Entities' knowledgeknowledge of the Company, future operations and sales of production, was true and correct in all material respects on the dates such information was provided, and such information was supplied and was prepared in accordance with customary industry practices; and the estimates of such reserves and PV-10 standardized measure thereof as described in the Registration Statement, General Disclosure Package Statement and the Prospectus and future net cash flow reflected in the Reserve Report referenced therein have been prepared in a manner that complies with the applicable requirements of the 1933 Act RegulationsAct. Other than normal production of the reserves, product price fluctuations, fluctuations and fluctuations of demand for such products, and except as disclosed in the Registration Statement, General Disclosure Package Statement and the Prospectus, no Legacy Party the Company is not aware of any facts or circumstances that would result in a materially adverse change in the reserves in the aggregate, or the aggregate present value of the future net cash flows therefrom as described in the Registration Statement, General Disclosure Package Statement and the Prospectus and as reflected in the Reserve Report.

Appears in 1 contract

Samples: Distribution Agreement (Harvest Natural Resources, Inc.)

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