Proved Reserves Clause Samples

Proved Reserves. Estimates of proved reserves and present values for the year ended December 31, 2013, as described in the Registration Statement and the Prospectus, comply in all material respects with the applicable requirements of Regulation S-X and Subpart 1200 of Regulation S-K under the Securities Act.

Proved Reserves. Permit the aggregate Proved Reserves of the Borrower and its Subsidiaries as of June 30, 1999 to be less than 325 BCFE.

Proved Reserves. Estimates of proved reserves and present values with respect to the Breitburn Entities for the year ended December 31, 2014, as described in the Breitburn SEC Documents, comply in all material respects with the applicable requirements of Regulation S-X and Subpart 1200 of Regulation S-K under the Securities Act.

Proved Reserves. Those quantities of crude oil, natural gas, and natural gas liquids which, upon analysis of geologic and engineering data, appear with reasonable certainty to be recoverable in the future from known oil and gas reservoirs under existing economic and operating conditions. Proved Reserves are limited to those quantities of oil and gas which can be reasonably expected to be recoverable commercially at current prices and costs, under existing regulatory practices and with existing conventional equipment and operating methods. Depending upon their status of development, such Proved Reserves are subdivided into the following classifications: A. PROVED DEVELOPED RESERVES. These are crude oil, natural gas and natural gas liquids reserves which can be expected to be recovered through existing ▇▇▇▇▇ with existing equipment and operating methods. This classification includes: 1. PROVED DEVELOPED PRODUCING RESERVES. These are Proved Developed Reserves which are expected to be produced from existing completion intervals now open for production in existing ▇▇▇▇▇; and

Proved Reserves. Proved reserves are those reserves that can be estimated with a high degree of certainty to be recoverable. It is likely that the actual remaining quantities recovered will exceed the estimated proved reserves. Probable Reserves; Probable reserves are those additional reserves that are less certain to be recovered than proved reserves. It is equally likely that the actual remaining quantities recovered will be greater or less than the sum of the estimated proved plus probable reserves.

Proved Reserves those Oil and Gas Properties of the Loan Parties designated as proved (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 Lender pursuant to this Agreement.

Proved Reserves. Total proved reserves for crude oil, synthetic oil, natural gas liquids and natural gas as of December 31, 2016 are presented in the following table.

Proved Reserves those Oil and Gas Properties designated as proved (in accordance with SEC rules and regulations) in the Reserve Report most recently delivered to Agent pursuant to this Agreement.