Common use of Proved Developed Producing Reserves Clause in Contracts

Proved Developed Producing Reserves. those Oil and Gas Properties designated as proved developed producing (in accordance with the Definitions for Oil and Gas Reserves approved by the Board of Directors of the Society of Petroleum Engineers, Inc. from time to time) in the Reserve Report most recently delivered to Agent pursuant to this Agreement.

Appears in 4 contracts

Samples: Credit Agreement (Parsley Energy, Inc.), Credit Agreement (Parsley Energy, Inc.), Credit Agreement (Trans Energy Inc)

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Proved Developed Producing Reserves. those Oil and Gas Properties designated as proved developed producing (in accordance with the Definitions for Oil SEC rules and Gas Reserves approved by the Board of Directors of the Society of Petroleum Engineers, Inc. from time to timeregulations) in the Reserve Report most recently delivered to Agent pursuant to this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Black Ridge Oil & Gas, Inc.)

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Proved Developed Producing Reserves. those Oil and Gas Properties designated as proved developed producing (in accordance with the Definitions for Oil and Gas Reserves approved by the Board of Directors of the Society of Petroleum Engineers, Inc. from time to time) in the Reserve Report most recently delivered to Agent Lender pursuant to this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Diversified Energy Co PLC)

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