Common use of Reserve Engineers Clause in Contracts

Reserve Engineers. The information underlying the estimates of reserves of the Company and the Underlying Properties, which was supplied by the Company to Xxxxx Xxxxx Company, L.P. (“Xxxxx Xxxxx”), independent petroleum engineers, for purposes of preparing the reserve reports and estimates of the Company and preparing the letter (the “Reserve Report Letter”) of Xxxxx Xxxxx, including, without limitation, production volumes, sales prices for production costs of operation and development, and working interest and net revenue information relating to ownership interests in the Underlying Properties, was true and correct in all material respects on the dates such estimates were made and such information was supplied and was prepared in accordance with customary industry practices; estimates of such reserves and present values as described in the Registration Statement, the Time of Sale Information and the Prospectus and reflected in the Reserve Report Letter comply in all material respects with the applicable requirements of Regulation S-X and Subpart 1200 of Regulation S-K under the Act. Xxxxx Xxxxx, whose report as of March 31, 2010 is referenced in the Prospectus, was, as of the date of such report, and is, as of the date hereof, an independent petroleum engineer with respect to the Company and the Underlying Properties.

Reserve Engineers. The information underlying the estimates of reserves reserves, future production, and income attributable to royalty interests of the Company and the Underlying PropertiesTrust, which was supplied by the Company to Xxxxx Xxxxx Company, L.P. (“Xxxxx Xxxxx”), independent petroleum engineers, for purposes of preparing the reserve reports and estimates of the Company Trust and preparing the letter (the “Reserve Report Letter”) of Xxxxx Xxxxx, including, without limitation, production volumes, sales prices for production costs of operation and development, and working interest and net revenue information relating to ownership interests in the Underlying PropertiesRoyalty Interests, was true and correct in all material respects on the dates such estimates were made and such information was supplied and was prepared in accordance with customary industry practices; estimates of such reserves and present values as described in the Registration Statement, the Time of Sale Information and the Prospectus and reflected in the Reserve Report Letter comply in all material respects with the applicable requirements of Regulation S-X and Subpart 1200 of Regulation S-K under the Act. Xxxxx Xxxxx, whose report as of March December 31, 2010 2010, is referenced in the Time of Sale Information and the Prospectus, was, as of the date of such report, and is, as of the date hereof, an independent petroleum engineer with respect to the Company and the Underlying PropertiesTrust.