Oil and Natural Gas Reserves. The oil and natural gas reserve estimates of the Partnership Properties and the WHT Properties contained in the General Disclosure Package and the Offering Memorandum are derived from reports that have been prepared by Netherland, Xxxxxx & Associates, Inc., and such estimates fairly reflect, in all material respects, the oil and natural gas reserves attributable to such properties at the dates indicated therein and are in accordance, in all material respects, with Commission guidelines applied on a consistent basis throughout the periods involved.
Oil and Natural Gas Reserves. The oil and natural gas reserve estimates of the Partnership Properties, the WHT Properties and the Cinco Properties contained in the General Disclosure Package and the Offering Memorandum are derived from reports that have been prepared by Netherland, Xxxxxx & Associates, Inc. (“NSAI”), Xxxxxx Xxxxxxxxx & Associates, Inc. (“Xxxxxx Xxxxxxxxx”), Xxxxx Xxxxx Company, L.P. (“Xxxxx Xxxxx”), X.X. Xxx Xxxxxx & Co. (“Von Gonten”) or Xxxxxx and Xxxxx, LTD (“Xxxxxx and Xxxxx”), and such estimates fairly reflect, in all material respects, the oil and natural gas reserves attributable to such properties at the dates indicated therein and are in accordance, in all material respects, with Commission guidelines applied on a consistent basis throughout the periods involved.
Oil and Natural Gas Reserves. The following table sets forth certain unaudited pro forma information concerning the Partnership's pro forma combined estimated net proved oil and natural gas reserves as of December 31, 2015 and 2016, after giving effect to the Noble Acquisition as if it occurred on January 1, 2016. There are numerous uncertainties inherent in estimating the quantities of proved reserves and projecting future rates of production and timing of development expenditures. The following reserve data represents estimates only and should not be construed as being exact: Crude Oil (MBbl) Partnership Historical Noble Acquisition PartnershipPro Forma Net proved reserves at December 31, 2015 15,842 1,450 17,292 Revisions of previous estimates 3,007 2,986 5,993 Purchases of minerals in place 1,322 — 1,322 Extensions, discoveries, and other additions 1,877 — 1,877 Production (3,680 ) (600 ) (4,280 ) Net proved reserves at December 31, 2016 18,368 3,836 22,204 Net Proved Developed Reserves December 31, 2015 15,497 1,450 16,947 December 31, 2016 18,150 3,836 21,986 Net Proved Undeveloped Reserves December 31, 2015 345 — 345 December 31, 2016 218 — 218 Natural Gas (MMcf) Partnership Historical (1) Noble Acquisition PartnershipPro Forma Net proved reserves at December 31, 2015 203,675 12,434 216,109 Revisions of previous estimates 29,024 12,855 41,879 Purchases of minerals in place 5,683 — 5,683 Extensions, discoveries, and other additions 79,455 — 79,455 Production (47,498 ) (2,589 ) (50,087 ) Net proved reserves at December 31, 2016 270,339 22,700 293,039 Net Proved Developed Reserves December 31, 2015 174,555 12,434 186,989 December 31, 2016 223,057 22,700 245,757 Net Proved Undeveloped Reserves December 31, 2015 29,120 — 29,120 December 31, 2016 47,282 — 47,282
Oil and Natural Gas Reserves. The oil and natural gas reserve estimates of the Partnership Properties (other than the Merit Properties, the Xxxx Xxxx Properties and the MRD Properties) contained in the General Disclosure Package and the Offering Memorandum are derived from reports that have been prepared by Netherland, Xxxxxx & Associates, Inc. (“NSAI”), the oil reserve estimates of the Merit Properties contained in the General Disclosure Package and the Offering Memorandum are derived from reports that have been prepared by internal reserve engineers of the Partnership and audited by Xxxxx Xxxxx Company, L.P. (“Xxxxx Xxxxx”), and the oil and natural gas reserve estimates of the Xxxx Xxxx Properties and the MRD Properties contained in the General Disclosure Package and the Offering Memorandum are derived from reports that have been prepared by internal reserve engineers of the Partnership; such estimates fairly reflect, in all material respects, the oil and natural gas reserves attributable to such properties at the dates indicated therein and are in accordance, in all material respects, with Commission guidelines applied on a consistent basis throughout the periods involved.
Oil and Natural Gas Reserves. The Company currently does not have any oil or natural gas reserve estimates.
Oil and Natural Gas Reserves. The oil and natural gas reserve estimates of the MRD Properties contained in the General Disclosure Package and the Offering Memorandum are derived from reports that have been prepared, and audits that have been completed, by Netherland, Xxxxxx & Associates, Inc. (“NSAI”), and such estimates fairly reflect, in all material respects, the oil and natural gas reserves attributable to such properties at the dates indicated therein and are in accordance, in all material respects, with Commission guidelines applied on a consistent basis throughout the periods involved.
