Initial Reserve Report definition

Initial Reserve Report means the report prepared by or under the supervision of the chief engineer of the Borrower with respect to certain Oil and Gas Properties of the Borrower and its Restricted Subsidiaries as of December 31, 2018.
Initial Reserve Report means the report prepared as of December 31, 2016 by Netherland, ▇▇▇▇▇▇ & Associates, Inc. with respect to the Oil and Gas Properties of the Credit Parties to which Proved Reserves are attributed.
Initial Reserve Report has the meaning specified in Section 6.11.

Examples of Initial Reserve Report in a sentence

  • The Administrative Agent shall have received (i) the Initial Reserve Report and (ii) a Reserve Report Certificate with respect to the Oil and Gas Properties covered by the Initial Reserve Report and covering only the matters described in Section 8.12(d)(A), Section 8.12(d)(B), Section 8.12(d)(C) and Section 8.12(d)(E) with respect thereto.


More Definitions of Initial Reserve Report

Initial Reserve Report means the report of the Borrower, dated as of February 2, 2010, with respect to certain Oil and Gas Properties of the Borrower and its Subsidiaries as of December 31, 2009.
Initial Reserve Report means the Reserve Report with respect to the value of certain Oil and Gas Properties of the Borrower and its Restricted Subsidiaries as of July 1, 2011.
Initial Reserve Report means the report with respect to certain Oil and Gas Properties of the Company and the Subsidiaries prepared by NSAI with an “as of” date of March 31, 2023.
Initial Reserve Report means the Reserve Report prepared by ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇▇▇▇ and delivered to the Administrative Agent with an effective date as of December 31, 2010, with respect to the Oil and Gas Properties of Borrower and its Subsidiaries, a true and correct copy of which has been delivered to the Administrative Agent and the Lenders.
Initial Reserve Report means collectively, the report of ▇.▇. ▇▇▇ ▇▇▇▇▇▇ & Co. and the report of ▇▇▇▇▇▇▇ Petroleum Consultants, Ltd., each dated as of January 1, 2015, with respect to certain Oil and Gas Properties of the Borrower and its Subsidiaries.
Initial Reserve Report means the report of Netherland, ▇▇▇▇▇▇ & Associates, Inc. dated as of January 20, 2009, with respect to certain Oil and Gas Properties of the Borrower and its Subsidiaries as of December 31, 2008.
Initial Reserve Report means the reserve engineers’ report evaluating the Proved Developed Producing Reserves of the Credit Parties prepared by the internal engineers of the Borrower as of December 1, 2020, delivered to the Administrative Agent prior to the date hereof.