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"published": true}], "snippet_links": [{"key": "proved-reserves", "type": "definition", "offset": [6, 21]}, {"key": "consistent-with", "type": "definition", "offset": [158, 173]}, {"key": "sec-rules-and-regulations", "type": "clause", "offset": [178, 203]}], "size": 1, "snippet": "means Proved Reserves which are categorized as \"Undeveloped\" in such definitions; provided, however, that all such terms shall be applied in a manner that is consistent with all SEC rules and regulations governing the use of such terms.", "hash": "fc3c44d1a6a14e374e531a9f488b6564", "id": 8}, {"samples": [{"hash": "gwPZTvjgEzc", "uri": "/contracts/gwPZTvjgEzc#pud-reserves", "label": "Production Payment Purchase and Sale Agreement (Pioneer Natural Resources Co)", "score": 18.0, "published": true}], "snippet_links": [{"key": "undeveloped-reserves", "type": "definition", "offset": [14, 34]}], "size": 1, "snippet": "means proved, undeveloped reserves of Gas or Oil.", "hash": "86b2d395545fc8397622e570f9a7a7d5", "id": 9}, {"samples": [{"hash": "5RbMvY59hPQ", "uri": "/contracts/5RbMvY59hPQ#pud-reserves", "label": "Credit Agreement (Cairn Energy Usa Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "present-value", "type": "clause", "offset": [12, 25]}, {"key": "the-original-agreement", "type": "clause", "offset": [62, 84]}], "size": 1, "snippet": "and \"SEC 10 Present Value\" are hereby added to Section 1.1 of the Original Agreement, to read as follows:", "hash": "85bbb735b6939155cdddd382aac941cd", "id": 10}], "next_curs": "ClkSU2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjULEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIVcHVkLXJlc2VydmVzIzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"title": "PUD Reserves", "size": 38, "snippet": "means Proved Reserves which are categorized as \u201cUndeveloped\u201d in the SPE/WPC Definitions.", "id": "pud-reserves", "examples": ["The Reserve Report as of December 31 of each year shall be prepared (i) with respect to PDP Reserves, by one or more Approved Petroleum Engineers and (ii) with respect to PDNP Reserves and <strong>PUD Reserves</strong>, either by Approved Petroleum Engineers or by the Borrower\u2019s internal reserve engineering staff in accordance with the procedures used in the immediately preceding December 31 Reserve Report.", "As of any date of determination, an amount equal to the sum of (i) sixty percent (60%) of the PDP Reserves Value, plus (ii) twenty-five percent (25%) of the PDNP Reserves Value, plus (iii) ten percent (10%) of the <strong>PUD Reserves</strong> Value; provided, however, that the portion of the Advance Rate Reserves Value accounted for under clauses (ii) and (iii) combined may not exceed twenty-five percent (25%) of the Advance Rate Reserves Value.", "The Reserve Report will separately report on PDP Reserves, PDNP Reserves and <strong>PUD Reserves</strong> in accordance with the requirements of Rule 4-10 of Regulation S-X of the Securities and Exchange Commission.", "Borrower may exclude any Oil and Gas Properties subject to the BTA Development Agreement that are <strong>PUD Reserves</strong> and have not yet been earned pursuant to the terms of the BTA Development Agreement so long as BO has granted a perfected first priority Lien (subject only to Excepted Liens) in the BTA Development Agreement to Agent for the benefit of the Beneficiaries)), subject in each case to proper recording thereof.", "As of the date of determination, the sum of (i) PDP Reserves Value, plus (ii) PDNP Reserves Value, and plus (iii) <strong>PUD Reserves</strong> Value.", "At no time will the Borrower or any Subsidiary hedge (i) for months 1 through 48, more than the greater of (y) 85% of anticipated monthly production from its PDP Reserves and (z) 85% of anticipated monthly production from its Proven Reserves (provided no more than 25% of anticipated monthly production from such Proven Reserves may be attributable to PDNP Reserves or <strong>PUD Reserves</strong>) and (ii) for months 49 through 60, more than 85% of anticipated monthly production from its PDP Reserves.", "Exterra and Royalco now desire to exchange with each other, on the terms and conditions set forth in this Agreement, the Shares (as defined herein), on one hand, with the right to receive consideration from Royalco in an amount equivalent to 100% of the above described Mineral Leases and PUDs. (the &quot;<strong>PUD Reserves</strong> &quot;), on the other hand.", "The Reserve Report will separately report on PDP Reserves, PDNP Reserves and <strong>PUD Reserves</strong>, and will be prepared in accordance with the requirements of Rule 4-10 of Regulation SX of the Securities and Exchange Commission.", "At no time will Borrower or any Subsidiary hedge (i) for months 1 through 48, more than 85% of anticipated monthly production from its Proven Reserves (provided no more than 25% of anticipated monthly production from such Proven Reserves may be attributable to PDNP Reserves or <strong>PUD Reserves</strong>) and (ii) for months 49 through 60, more than 85% of anticipated monthly production from its PDP Reserves.", "Exterra is relying on its own evaluation of the value of the Leases and <strong>PUD Reserves</strong>, as well as the underlying costs of development of the Leases and PUDs. Specifically, Exterra has relying on that certain third-party Engineering Report by Harper &amp; Associates, Inc., attached to this Agreement as Exhibit A (\u2587\u2587\u2587 &quot;\u2587arper Report&quot;)."], "related": [["pdp-reserves", "PDP Reserves", "PDP Reserves"], ["road-reserve", "road reserve", "road reserve"], ["required-reserves", "Required Reserves", "Required Reserves"], ["proved-undeveloped-reserves", "Proved Undeveloped Reserves", "Proved Undeveloped Reserves"], ["yield-reserve", "Yield Reserve", "Yield Reserve"]], "related_snippets": [], "updated": "2025-07-06T21:56:45+00:00"}, "json": true, "cursor": ""}}