Common use of Reserve Data Clause in Contracts

Reserve Data. The oil and natural gas reserve estimates of the Company and its subsidiaries as of December 31, 2012, 2013 and 2014 contained in the most recent Preliminary Prospectus are derived from reports that have been audited by XxXxxxxx and XxxXxxxxxxx as set forth and to the extent indicated therein; and such estimates fairly reflect, in all material respects, the oil and natural gas reserves of the Company and its subsidiaries, at the dates indicated therein and are in accordance, in all material respects, with Commission rules and guidelines that are currently in effect for oil and gas producing companies applied on a consistent basis throughout the periods covered.

Reserve Data. The oil and natural gas reserve estimates of the Company and its subsidiaries as of December 31, 20122013, 2013 2014 and 2014 2015 contained or incorporated by reference in the most recent Preliminary Prospectus Offering Memorandum, the Time of Sale Information and the Offering Memorandum are derived from reports that have been audited by XxXxxxxx and XxxXxxxxxxx as set forth and to the extent indicated thereinXxxXxxxxxxx; and such estimates fairly reflect, in all material respects, the oil and natural gas reserves of the Company and its subsidiaries, at the dates indicated therein and are in accordance, in all material respects, with Commission rules and guidelines that are currently in effect for oil and gas producing companies applied on a consistent basis throughout the periods covered.

Reserve Data. The oil and natural gas reserve estimates of the Company and its subsidiaries as of December 31, 20122013, 2013 2014 and 2014 2015 contained in the most recent Preliminary Prospectus are derived from reports that have been audited by XxXxxxxx and XxxXxxxxxxx as set forth and to the extent indicated therein; and such estimates fairly reflect, in all material respects, the oil and natural gas reserves of the Company and its subsidiaries, at the dates indicated therein and are in accordance, in all material respects, with Commission rules and guidelines that are currently in effect for oil and gas producing companies applied on a consistent basis throughout the periods covered.

Reserve Data. The oil and natural gas reserve estimates of the Company and its subsidiaries as of December 31, 20122017, 2013 2018 and 2014 2019 contained or incorporated by reference in the most recent Preliminary Prospectus Offering Memorandum, the Time of Sale Information and the Offering Memorandum are derived from reports that have been audited by XxXxxxxx DxXxxxxx and XxxXxxxxxxx as set forth and to the extent indicated thereinMxxXxxxxxxx; and such estimates fairly reflect, in all material respects, the oil and natural gas reserves of the Company and its subsidiaries, at the dates indicated therein and are in accordance, in all material respects, with Commission rules and guidelines that are currently in effect for oil and gas producing companies applied on a consistent basis throughout the periods covered.

Reserve Data. The oil and natural gas reserve estimates of the Company and its subsidiaries as of December 31, 2012, 2013 and 2014 contained or incorporated by reference in the most recent Preliminary Prospectus Offering Memorandum, the Time of Sale Information and the Offering Memorandum are derived from reports that have been audited by XxXxxxxx and XxxXxxxxxxx as set forth and to the extent indicated thereinXxxXxxxxxxx; and such estimates fairly reflect, in all material respects, the oil and natural gas reserves of the Company and its subsidiaries, at the dates indicated therein and are in accordance, in all material respects, with Commission rules and guidelines that are currently in effect for oil and gas producing companies applied on a consistent basis throughout the periods covered.