Common use of Reserve Report Clause in Contracts

Reserve Report. The factual, non-interpretive data relating to the Oil and Gas Properties of Parent on which the reserve report prepared by ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇▇▇▇, referred to in Parent’s Annual Report on Form 10-K for the fiscal year ended December 31, 2014 (the “Parent Reserve Report”) was based was accurate in all material respects at the time such data was provided to ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇▇▇▇. With respect to the proved reserves reflected in the Parent Reserve Report, the Parent Reserve Report conforms in all material respects to the guidelines with respect thereto of the SEC. Except for changes (including changes in Hydrocarbon commodity prices) generally affecting the oil and gas industry and normal depletion by production, there has been no change in respect of the matters addressed in the Parent Reserve Report that would, individually or in the aggregate, reasonably be expected to have a Parent Material Adverse Effect.

Reserve Report. The factual, non-interpretive data relating to the Oil and Gas Properties of Parent on which the reserve report prepared by ▇▇▇▇▇▇▇▇ Parent and ▇▇▇▇▇▇▇▇▇▇▇, audited by its independent reserve engineers referred to in Parent’s Annual Report on Form 10-K for the fiscal year ended December 31, 2014 2018 (the “Parent Reserve Report”) was based was accurate in all material respects at the time such data was provided to ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇▇▇▇of preparation of Parent Reserve Report. With respect to the proved reserves reflected in the Parent Reserve Report, the Parent Reserve Report conforms in all material respects to the guidelines with respect thereto of the SEC. Except for changes (including changes in Hydrocarbon commodity prices) generally affecting the oil and gas industry and normal depletion by production, there has been no change in respect of the matters addressed in the Parent Reserve Report that wouldwould reasonably be expected, individually or in the aggregate, reasonably be expected to have a Parent Material Adverse Effect.

Reserve Report. The factual, non-interpretive data relating to the Oil and Gas Properties of Parent the Company on which the reserve report prepared by ▇▇▇▇▇▇▇▇ the Company and ▇▇▇▇▇▇▇▇▇▇▇, audited by its independent reserve engineers referred to in Parentthe Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2014 2018 (the “Parent Company Reserve Report”) was based was accurate in all material respects at the time such data was provided to ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇▇▇▇of preparation of the Company Reserve Report. With respect to the proved reserves reflected in the Parent Company Reserve Report, the Parent Company Reserve Report conforms in all material respects to the guidelines with respect thereto of the SEC. Except for changes (including changes in Hydrocarbon commodity prices) generally affecting the oil and gas industry and normal depletion by production, there has been no change in respect of the matters addressed in the Parent Company Reserve Report that wouldwould reasonably be expected, individually or in the aggregate, reasonably be expected to have a Parent Company Material Adverse Effect.