Common use of Reserve Reports Clause in Contracts

Reserve Reports. (a) On or before April 1 and October 1 of each year, commencing April 1, 2020, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties as of the immediately preceding December 31 or June 30, respectively. The Reserve Report as of December 31 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 Reserve Report.

Reserve Reports. (a) On or before April 1 March 1st and October 1 September 1st of each year, commencing April March 1, 20202013, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or 31st and June 30, respectively30th. The Reserve Report as of December 31 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 Reserve Report.

Reserve Reports. (a) On or before April 1 1st and October 1 1st of each year, commencing April October 1, 20202010, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the oil and gas reserves attributable to the Oil and Gas Properties of the Borrower and the other Credit Parties its Restricted Subsidiaries as of the immediately preceding December 31 or and June 30, respectively. The Reserve Report as of December 31 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 Reserve Report.

Reserve Reports. (a) On or before April 1 March 1st and October 1 September 1st of each year, commencing April 1, 2020, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties as of the immediately preceding December 31 31st or June 3030th, respectivelyas applicable. The Reserve Report as of December 31 31st of each year shall be prepared or audited by one or more Approved Petroleum Engineers, independent petroleum engineers reasonably acceptable to the Agent and the June 30 30th Reserve Report of each year shall be prepared by or under the supervision of the chief engineer “Manager of Acquisitions and Planning” (or similarly titled position) of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 31st Reserve Report.

Reserve Reports. (a) On or before April 1 March 1st and October 1 September 1st of each year, commencing April September 1, 20202022, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the proved Oil and Gas Properties of the Borrower and the other Credit Loan Parties as of the immediately preceding December 31 or June 30January 1st and July 1st, respectively. The Reserve Report as of December 31 January 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 July 1 Reserve Report of each year shall be prepared by one or more Approved Petroleum Engineers or by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and and, except as otherwise specified therein, to have been prepared in all material respects in accordance with the procedures used in the immediately preceding December 31 January 1 Reserve Report.

Reserve Reports. (a) On or before April 1 March 31 and October 1 September 30 of each year, commencing April 1September 30, 20202011, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or June 30, respectivelyJanuary 1st and July 1st. The Reserve Report as of December 31 January 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 . The Reserve Report as of July 1 of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 January 1 Reserve Report.

Reserve Reports. (a) On or before April 1 March 1st and October 1 September 1st of each year, commencing April September 1, 20202012, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or June 30, respectivelyJanuary 1st and July 1st. The Reserve Report as of December 31 January 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 July 1 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 January 1 Reserve Report.

Reserve Reports. (a) On or before April 1 March 31 and October 1 September 30 of each year, commencing April 1March 31, 20202014, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or June 30, respectively. The ; and the Reserve Report as of December 31 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 Reserve Report.

Reserve Reports. (a) On or before April 1 February 1st and October 1 August 1st of each year, commencing April February 1, 20202012, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and its Subsidiaries with an “as of” date acceptable to the other Credit Parties as of the immediately preceding December 31 or June 30, respectivelyAdministrative Agent. The Reserve Report as of December 31 to be delivered by February 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 Reserve Report to be delivered by August 1 of each year shall be prepared by or under the supervision of the chief engineer or chief operating officer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 Reserve Report.

Reserve Reports. (a) On or before April 1 March 1st and October 1 September 1st of each year, commencing April March 1, 20202011, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or June 30, respectivelyJanuary 1st and July 1st. The Reserve Report as of December 31 January 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 July 1 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 January 1 Reserve Report.

Reserve Reports. (a) On or before April 1 March 1st and October 1 September 1st of each year, commencing April March 1, 20202008, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or 31st and June 30, respectively30th. The Reserve Report as of December 31 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer operating officer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 June 30 Reserve Report.

Reserve Reports. (a) On or before April 1 1st and October 1 1st of each year, commencing April October 1, 20202017, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or June 30January 1st and July 1st, respectively. The Reserve Report as of December 31 January 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 July 1 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 Reserve ReportReport prepared by an Approved Petroleum Engineer.

Reserve Reports. (a) On Commencing on November 1, 2008 and on or before each April 1 and October 1 of each year, commencing April 1, 2020year thereafter, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or June 30, respectivelyJanuary 1st and July 1st. The Reserve Report as of December 31 January 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 July 1 Reserve Report of each year shall be prepared by or under the supervision of the chief reserve engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 January 1 Reserve Report.

Reserve Reports. (a) On or before April 1 February 28th and October 1 August 31st of each year, commencing April 1August 31, 20202014, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and its Subsidiaries with an “as of” date acceptable to the other Credit Parties as of the immediately preceding December 31 or June 30, respectivelyAdministrative Agent. The Reserve Report as of December 31 to be delivered by February 28th of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 Reserve Report to be delivered by August 31st of each year shall be prepared by or under the supervision of the chief engineer or chief operating officer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 Reserve Report.

Reserve Reports. (a) On or before April 1 1st and October 1 1st of each year, commencing April 1, 2020, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or 31st and June 3030th, respectivelyas applicable. The Reserve Report as of December 31 31st of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 30th Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 31st Reserve Report.

Reserve Reports. (a) On or before April 1 and October 1 of each year, commencing April 1, 20202016, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties as of the immediately preceding December 31 or June 30, respectivelyand July 1. The Reserve Report as of December 31 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 July 1 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower or the Parent who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 Reserve Report.

Reserve Reports. (a) On or before April 1 1st and October 1 1st of each year, commencing April 1, 20202009, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or June 30, respectivelyJanuary 1st and July 1st. The Reserve Report as of December 31 January 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 July 1 Reserve Report of each year shall be prepared by or under the supervision of the chief reserve engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 Reserve Report.January 1

Reserve Reports. (a) On or before April 1 March 1st and October 1 September 1st of each year, commencing April September 1, 20202018, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties Restricted Subsidiaries as of the immediately preceding December 31 or June 30, respectivelyJanuary 1st and July 1st. The Reserve Report as of December 31 January 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 July 1 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 January 1 Reserve Report.

Reserve Reports. (a) On or before April 1 March 1st and October 1 August 1st of each year, commencing April 1, 2020, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or 31st and June 3030th, respectively. The Reserve Report as of December 31 March 1st of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 each other Reserve Report of each year delivered hereunder, shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 March 1st Reserve Report.

Reserve Reports. (a) On or before April 1 1st and October 1 1st of each year, commencing April 1, 20202010, the Borrower shall furnish to the Administrative Agent and (for distribution to the Revolving Credit Lenders Lenders) a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties Guarantors as of the immediately preceding December 31 or June 30, respectivelyJanuary 1st and July 1st. The Reserve Report as of December 31 to be delivered on or before April 1st of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 Reserve Report to be delivered on or before October 1st of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 April 1 Reserve Report.

Reserve Reports. (a) On or before April 1 March 1st and October 1 September 1st of each year, commencing April September 1, 20202014, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties Restricted Subsidiaries as of the immediately preceding December 31 or June 30, respectivelyJanuary 1st and July 1st. The Reserve Report as of December 31 January 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 July 1 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 January 1 Reserve Report.

Reserve Reports. (a) On or before April 1 March 1st and October 1 September 1st of each year, commencing April September 1, 20202010, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or 31st and June 30, respectively30th. The Reserve Report as of December 31 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower or a consulting reserve engineer who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 Reserve Report.

Reserve Reports. (a) On or before April 1 March 1st and October 1 September 1st of each year, commencing April March 1, 20202022, the Borrower shall furnish to the Administrative Agent, the Collateral Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties as of the immediately preceding December 31 or June 30, respectivelyas applicable. The Reserve Report as of December 31 of each year shall be prepared by or under the supervision of the chief enigeneer of the Borrower and audited by one or more Approved Petroleum Engineers, Engineers and the June 30 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared prepared, except as otherwise specified therein, in accordance with the procedures used in the immediately preceding December 31 Reserve Report.

Reserve Reports. (a) On or before April 1 1st and October 1 1st of each year, commencing April 1, 20202023, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the proved Oil and Gas Properties of the Borrower and the other Credit Loan Parties as of the immediately preceding December 31 or June 30January 1st and July 1st, respectively. The Reserve Report as of December 31 January 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 July 1 Reserve Report of each year shall be prepared by one or more Approved Petroleum Engineers or by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and and, except as otherwise specified therein, to have been prepared in all material respects in accordance with the procedures used in the immediately preceding December 31 January 1 Reserve Report.

Reserve Reports. (a) On or before April 1 March 3rd and October 1 September 3rd of each year, commencing April 1March 3, 20202009, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties as of the immediately preceding December 31 January 1 or June 30July 1, respectivelyas applicable. The Reserve Report as of December 31 January 1 of each year shall be prepared by Netherland, Xxxxxx & Associates, Inc. of Houston, Texas or audited by one or more Approved other independent third party Petroleum Engineers, Engineers reasonably acceptable to Agent and the June 30 Reserve Report as of July 1 of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 January 1 Reserve Report. Notwithstanding the foregoing, the Reserve Report for January 1, 2009 shall be prepared and delivered solely to the extent requested by Agent.

Reserve Reports. (a) On or before April 1 1st and October 1 1st of each year, commencing April 1, 20202019, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or 31st and June 3030th, respectivelyas applicable. The Reserve Report as of December 31 31st of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 30th Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 31st Reserve Report.

Reserve Reports. (a) On or before April 1 1st and October 1 1st of each year, commencing April October 1, 20202003, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties as of the immediately preceding December 31 or June 30, respectivelyReport. The January 1 Reserve Report as of December 31 of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate, and shall be audited by one or more Approved Petroleum Engineers, and the June 30 July 1 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 January 1 Reserve Report.

Reserve Reports. (a) On or before April 1 and October 1 of each year, commencing April 1, 20202022, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or June 30, respectively. The Reserve Report as of December 31 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the Reserve Report as of June 30 Reserve Report of each year shall be prepared either by Approved Petroleum Engineers or under the supervision of the chief engineer of the Borrower who by Borrower’s internal reserve engineering staff, which shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 Reserve Report.

Reserve Reports. (a) On or before April 1 and October 1 of each year, commencing April 1, 20202019, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or June 30, respectively. The Reserve Report as of December 31 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the Reserve Report as of June 30 Reserve Report of each year shall be prepared either by Approved Petroleum Engineers or under the supervision of the chief engineer of the Borrower who by Borrower’s internal reserve engineering staff, which shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 Reserve Report.

Reserve Reports. (a) On or before April 1 March 1st and October 1 September 1st of each year, commencing April March 1, 20202023, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties that are Qualified ECP Guarantors as of the immediately preceding December 31 or 31st and June 30, respectively30th. The Reserve Report as of December 31 31st of each year shall be audited or prepared or audited by one or more Approved Petroleum Engineers, and the June 30 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 Reserve Report.

Reserve Reports. (a) On or before April 1 1st and October 1 1st of each year, commencing April October 1, 20202011, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or 31st and June 30, respectively30th. The Reserve Report as of December 31 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 Reserve Report.

Reserve Reports. (a) On or before April 1 January 15 and October 1 July 15 of each year, commencing April 1January 15, 20202014, the Borrower shall furnish to the Administrative Agent and (for distribution to the Revolving Credit Lenders Lenders) a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties as of the immediately preceding December 31 January 1 or June 30July 1, respectivelyas applicable, of such year. The Reserve Report as of December 31 to be delivered on or before January 15 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 Reserve Report to be delivered on or before July 15 of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 January 1st Reserve Report.

Reserve Reports. (a) On or before April 1 1st and October 1 1st of each year, commencing April October 1, 20202021, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Loan Parties as of the immediately preceding December 31 or June 30January 1st and July 1st, respectively. The Reserve Report as of December 31 January 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 July 1 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 January 1 Reserve Report (or, in the case of the October 1, 2021 Reserve Report, the Initial Reserve Report).

Reserve Reports. (ac) On or before April December 1 and October June 1 of each year, commencing April June 1, 20202013, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Loan Parties as of the immediately preceding December 31 or June 30, respectivelySeptember 30 and March 31. The Reserve Report as of December September 30 of each year shall be prepared by one or more Approved Petroleum Engineers. The Reserve Report as of March 31 of each year shall be prepared or audited either by one or more Approved Petroleum EngineersEngineers or by the Borrower’s or EXCO’s internal reserve engineering staff, and the June 30 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who which shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 September 30 Reserve Report, or prior to the initial September 30 Reserve Report, the Initial Reserve Report.

Reserve Reports. (a) On or before April 1 March 1st and October 1 September 1st of each year, commencing April September 1, 20202022, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties that are Qualified ECP Guarantors as of the immediately preceding December 31 or 1st and June 30, respectively1st. The Reserve Report as of December 31 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 1 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 1 Reserve Report.

Reserve Reports. (a) On or before April 1 March 1st and October 1 September 1st of each year, commencing April March 1, 20202014, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or June 30, respectivelyJanuary 1st and July 1st. The Reserve Report as of December 31 January 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 July 1 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 January 1 Reserve Report.

Reserve Reports. (a) On or before April 1 March 1st and October 1 September 1st of each year, commencing April March 1, 20202012, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or June 30, respectively31st and July 1st. The Reserve Report as of December 31 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 July 1 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 Reserve Report.

Reserve Reports. (a) On or before April March 1 and October September 1 of each year, commencing April March 1, 20202014, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties Interests of the Borrower and the other Credit Parties as of the immediately preceding December 31 or of such year and June 30, respectively30 of such year. The Reserve Report as of December 31 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the . The Reserve Report as of June 30 Reserve Report of each year shall be prepared either by Approved Petroleum Engineers or under the supervision of the chief engineer of the Borrower who by EXCO’s internal reserve engineering staff, which shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 Reserve Report.

Reserve Reports. (a) On or before April 1 March 1st and October 1 September 1st of each year, commencing April March 1, 20202022, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the proved Oil and Gas Properties of the Borrower and the other Credit Loan Parties as of the immediately preceding December 31 or June 30January 1st and July 1st, respectively. The Reserve Report as of December 31 January 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 July 1 Reserve Report of each year shall be prepared by one or more Approved Petroleum Engineers or by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and and, except as otherwise specified therein, to have been prepared in all material respects in accordance with the procedures used in the immediately preceding December 31 January 1 Reserve Report.

Reserve Reports. (a) On or before April 1 March 1st and October 1 September 1st of each year, commencing April September 1, 20202013, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or June 30January 1st and July 1st, respectively. The Reserve Report as of December 31 January 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 July 1 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 January 1 Reserve Report.

Reserve Reports. (a) On or before April March 1, May 15, and September 1 and October 1 November 15 of each year, commencing April September 1, 20202018, the Borrower Company shall furnish to the Administrative Agent Trustee and the Revolving Credit Lenders any requesting Holders a Reserve Report evaluating the Oil and Gas Properties of the Borrower Company and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or 31, March 31, and June 30 and September 30, respectively. The Reserve Report as of December 31 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 other Reserve Report Reports of each year shall be prepared by or under the supervision of the chief engineer of the Borrower Company who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 Reserve Report.

Reserve Reports. (a) On or before April 1 March 1st and October 1 September 1st of each year, commencing April September 1, 20202015, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or June 30January 1st and July 1st, respectively. The Reserve Report as of December 31 January 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 July 1 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 Reserve ReportReport prepared by an Approved Petroleum Engineer.

Reserve Reports. (af) On or before April March 1 and October September 1 of each year, commencing April March 1, 20202014, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties Interests of the Borrower and the other Credit Parties as of the immediately preceding December 31 or of such year and June 30, respectively30 of such year. The Reserve Report as of December 31 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the . The Reserve Report as of June 30 Reserve Report of each year shall be prepared either by Approved Petroleum Engineers or under the supervision of the chief engineer of the Borrower who by EXCO’s internal reserve engineering staff, which shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 Reserve Report.

Reserve Reports. (a) On or before April 1 March 30th and October 1 September 30th of each year, commencing April 1September 30, 20202007, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or June 30, respectivelyJanuary 1st and July 1st. The Reserve Report as of December 31 January 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineerspetroleum engineers acceptable to the Administrative Agent, and the June 30 July 1 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 January 1 Reserve Report.

Reserve Reports. (a) On or before April 1 1st and October 1 1st of each year, commencing April 1, 2020, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Loan Parties as of the immediately preceding December 31 or June 30January 1st and July 1st, respectively. The Reserve Report as of December 31 January 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 July 1 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 January 1 Reserve Report.

Reserve Reports. (a) On or before April 1 and October 1 of each year, commencing April 1, 20202023, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties as of the immediately preceding December 31 or June 30, respectively. The Reserve Report as of December 31 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 Reserve Report.

Reserve Reports. (a) On or before April 1 and October 1 of each year, commencing April 1, 20202014, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 January 1 or June 30July 1, respectively. The ; and the Reserve Report as of December 31 January 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 July 1 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 January 1 Reserve Report.

Reserve Reports. (a) On or before April 1 1st and October 1 1st of each year, commencing April October 1, 20202008, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or January 1 and June 30, respectively. The Reserve Report as of December 31 January 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 January 1 Reserve Report.

Reserve Reports. (a) On or before April 1 March 3rd and October 1 September 3rd of each year, commencing April 1March 3, 20202008, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties as of the immediately preceding December 31 January 1 or June 30July 1, respectivelyas applicable. The Reserve Report as of December 31 January 1 of each year shall be prepared by Netherland, Xxxxxx & Associates, Inc. of Houston, Texas or audited by one or more Approved other independent third party Petroleum Engineers, Engineers reasonably acceptable to Agent and the June 30 Reserve Report as of July 1 of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 January 1 Reserve Report.

Reserve Reports. (a) On or before April 1 March 1st and October 1 September 1st of each year, commencing April March 1, 20202009, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties Borrower’s Subsidiaries as of the immediately preceding December 31 or June 30, respectivelyJanuary 1st and July 1st. The Reserve Report as of December 31 January 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 July 1st Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 January 1st Reserve Report.

Reserve Reports. (a) On or before April 1 March 1st and October 1 September 1st of each year, commencing April March 1, 20202006, the Borrower and Aurora shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or June 30, respectivelyJanuary 1st and July 1st. The Reserve Report as of December 31 January 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 July 1 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 January 1 Reserve Report.

Reserve Reports. (a) On or before April 1 March 1st and October 1 September 1st of each year, commencing April September 1, 20202010, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or June 30, respectivelyJanuary 1st and July 1st. The Reserve Report as of December 31 January 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 July 1 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 January 1 Reserve Report.

Reserve Reports. (a) On or before April 1 1st and October 1 1st of each year, commencing April 1, 2020, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the oil and gas reserves attributable to the Oil and Gas Properties of the Borrower and the other Credit Parties and their Restricted Subsidiaries as of the immediately preceding December 31 or and June 30, respectively. The Reserve Report as of December 31 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 Reserve Report.

Reserve Reports. (ai) On or before April 1 and October 1 of each year, year commencing April October 1, 20202011, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating dated January 1 of that year for the Oil Reserve Report due April 1 and Gas Properties dated July 1 of that year for the Borrower and the other Credit Parties as of the immediately preceding December 31 or June 30, respectivelyReserve Report due October 1. The Reserve Report as of December 31 of due each year April 1 shall be prepared or audited by one certified independent petroleum engineers or more Approved Petroleum Engineers, and other independent petroleum consultant(s) acceptable to the June 30 Agent. The Reserve Report of due each year October 1 shall be prepared by or made under the supervision of the chief engineer appropriate officer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been be prepared in accordance with the procedures used in standards of the immediately preceding December 31 Reserve ReportSociety of Petroleum Engineers.

Reserve Reports. (a) On or before April 1 March 1st and October 1 September 1st of each year, commencing April March 1, 20202011, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or 31st and June 30, respectively30th. The Reserve Report as of December 31 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer operating officer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 June 30 Reserve Report.

Reserve Reports. (a) On or before April 1 March 1st and October 1 September 1st of each year, commencing April September 1, 20202022, the Borrower Issuer shall furnish to the Administrative Agent and the Revolving Credit Lenders Holders a Reserve Report evaluating the proved Oil and Gas Properties of the Borrower and the other Credit Note Parties as of the immediately preceding December 31 or June 30January 1st and July 1st, respectively. The Reserve Report as of December 31 January 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 July 1 Reserve Report of each year shall be prepared by one or more Approved Petroleum Engineers or by or under the supervision of the chief engineer of the Borrower Issuer who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and and, except as otherwise specified therein, to have been prepared in all material respects in accordance with the procedures used in the immediately preceding December 31 January 1 Reserve Report.

Reserve Reports. (a) On or before April 1 1st and October 1 1st of each year, commencing April October 1, 20202009, the Borrower Parent Guarantor shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties as of the immediately preceding December 31 or June 30, respectivelyJanuary 1st and July 1st. The Reserve Report as of December 31 January 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 July 1 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 January 1 Reserve Report.

Reserve Reports. (a) On or before April 1 1st and October 1 1st of each year, commencing April October 1, 20202005, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties as of the immediately preceding December 31 or June 30, respectivelyReport. The January 1 Reserve Report as of December 31 of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate, and shall be audited by one or more Approved Petroleum Engineers, and the June 30 July 1 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 January 1 Reserve Report.

Reserve Reports. (a) On or before April 1 February 28th (or February 29th, as applicable) and October 1 August 31st of each year, commencing April 1February 28, 20202019, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties as of the immediately preceding December 31 or June 30, respectivelyReport. The Reserve Report as of December 31 of each year shall be have the majority of PV-10 value prepared or audited by one or more Approved Petroleum Engineers, and the Reserve Report as of June 30 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer most senior employee of the Borrower who has direct oversight for engineering and evaluation, and who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 Reserve Report.

Reserve Reports. (a) On or before April 1 1st and October 1 1st of each year, commencing April October 1, 20202007, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or June 30, respectivelyJanuary 1 and July 1. The Reserve Report as of December 31 January 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 July 1 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 January 1 Reserve Report.

Reserve Reports. (a) On or before April 1 and October 1 of each year, commencing April October 1, 20202017, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties as of the immediately preceding December 31 or June 30, respectively. The Reserve Report as of December 31 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 Reserve Report.

Reserve Reports. (a) On or before April 1 March 1st and October 1 September 1st of each year, commencing April March 1, 20202012, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or June 30, respectively31st and July 1st. The Reserve Report as of December 31 31st of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 July 1 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 Reserve Report.

Reserve Reports. (a) On or before April 1 March 1st and October 1 September 1st of each year, commencing April 1March 1st, 20202006, the Borrower shall furnish to the Administrative Agent and the Revolving Lenders (unless already furnished to the Lenders pursuant to the requirements of the Senior Credit Lenders Agreement) a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties as of the immediately preceding December 31 January 1 or June 30July 1, respectivelyas applicable. The Reserve Report as of December 31 January 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, petroleum engineers reasonably acceptable to the Administrative Agent and the June 30 July 1 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 January 1 Reserve Report.

Reserve Reports. (a) On or before April 1 March 1st and October 1 September 1st of each year, commencing April on September 1, 20202018, the Borrower shall furnish to the First Lien Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties Proved Reserves of the Borrower and the other Credit Parties Restricted Subsidiaries as of the immediately preceding December 31 or June 30, respectivelyJanuary 1st and July 1st. The Reserve Report as of December 31 January 1 of each year shall be prepared or audited by one or more Approved Petroleum Reserve Engineers, and the June 30 July 1 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 January 1 Reserve Report.

Reserve Reports. (a) On or before April 1 March 31 and October 1 September 30 of each year, commencing April 1September 30, 20202012, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or June 30, respectivelyJanuary 1st and July 1st. The Reserve Report as of December 31 January 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 . The Reserve Report as of July 1 of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 January 1 Reserve Report.

Reserve Reports. (a) On or before April 1 and October 1 of each year, commencing April 1, 2020, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties as of the immediately preceding December 31 or June 30, respectively. The Reserve Report as of December 31 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 Reserve Report.. 106

Reserve Reports. (a) On or before April 1 and October 1 of each year, commencing April 1, 2020, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties as of the immediately preceding December 31 or June 30, respectively. The Reserve Report as of December 31 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 Reserve Report.. 105

Reserve Reports. (a) On or before April 1 and October 1 of each year, commencing April 1, 20202022, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or June 30, respectively. The Reserve Report as of December 31 of each year shall be prepared or audited 101 by one or more Approved Petroleum Engineers, and the Reserve Report as of June 30 Reserve Report of each year shall be prepared either by Approved Petroleum Engineers or under the supervision of the chief engineer of the Borrower who by Borrower’s internal reserve engineering staff, which shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 Reserve Report.

Reserve Reports. (a) On or before April 1 March 1st and October 1 September 1st of each year, commencing April 1September 1st, 20202007, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or 31st and June 30, respectively30th. The Reserve Report as of December 31 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 Reserve Report.

Reserve Reports. (a) On or before April 1 March 1st and October 1 September 1st of each year, commencing April September 1, 20202007, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or June 30, respectivelyJanuary 1st and July 1st. The Reserve Report as of December 31 January 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 July 1 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 January 1 Reserve Report.

Reserve Reports. (a) On or before April 1 and October 1 of each year, commencing April October 1, 20202018, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or June 30, respectively. The Reserve Report as of December 31 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the Reserve Report as of June 30 Reserve Report of each year shall be prepared either by Approved Petroleum Engineers or under the supervision of the chief engineer of the Borrower who by Borrower’s internal reserve engineering staff, which shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 Reserve Report.

Reserve Reports. (a) On or before April 1 and October 1 of each year, commencing April 1, 20202015, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or June 30, respectivelyFebruary 1 and August 1. The Reserve Report as of December 31 August 1 of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 February 1 Reserve Report of each year shall be prepared prepared, in a form reasonably acceptable to the Administrative Agent, by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 August 1 Reserve Report.

Reserve Reports. (a) On or before April 1 1st and October 1 1st of each year, commencing April 1, 2020, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or 31st and June 3030th, respectivelyas applicable. The Reserve Report as of December 31 31st of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 30th Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 31st Reserve Report.

Reserve Reports. (a) On or before April 1 1st and October 1 1st of each year, commencing April 1, 20202018, the Borrower shall furnish to the Administrative Agent and the Revolving Credit Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the other Credit Parties its Subsidiaries as of the immediately preceding December 31 or 31st and June 3030th, respectivelyas applicable. The Reserve Report as of December 31 31st of each year shall be prepared or audited by one or more Approved Petroleum Engineers, and the June 30 30th Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects (with appropriate exceptions for projections and cost estimates) and to have been prepared in accordance with the procedures used in the immediately preceding December 31 31st Reserve Report.