Ryder Scott definition
Examples of Ryder Scott in a sentence
Except for changes (including changes in Hydrocarbon commodity prices) generally affecting the oil and gas industry and normal depletion by production in the ordinary course of business, there has been no material change in the estimated volumes of Hydrocarbon reserves set forth in the Ryder Scott Report since the dates of such report.
The Company has furnished to Parent the Company's estimate of Company's and Company Subsidiaries' oil and gas reserves as of January 1, 2004, 87% of the net present value of which as determined by Ryder Scott Company, L.P. and Netherland, Sewell & Associates, Inc.
Ryder Scott Report...........................................................▇▇ SECTION 4.29.
The Company has furnished to Parent a true and com▇▇▇▇▇ ▇▇▇▇ of the Ryder Scott Company, L.P. reserve report dated as of December 31, 2003 (▇▇▇ "▇▇▇▇r Scott Report").
The Borrower agrees that the purchase price of the Main Pass Oil Operations shall reflect fair market value and shall be determined by reference to an updated reserve calculation by Ryder Scott Company or another independen▇ ▇▇▇▇ ▇▇▇▇oved by the Administrative Agent and the Co-Agent using oil and gas price assumptions agreed upon by the Borrower, the Agent and the Co-Agent.
The oil and gas properties evaluated in the Sellers Reserve Reports are referred to herein as the "SELLERS EVALUATED PROPERTIES." The Sellers have provided no false or misleading information to and have not withheld any material information from Ryder Scott Company or Netherland Sewell and Associates, with re▇▇▇▇▇ ▇▇ ▇▇e preparation of the Se▇▇▇▇▇ Reserve Reports .
All factual, non-interpretative data on which the Ryder Scott Report was based for purposes of estimating Hydrocarbon re▇▇▇▇▇▇ ▇▇▇ true and correct in all material respects.
Ryder Scott Company L.P., Petroleum Engineers (“Ryder Scott”) are independent reserve engine▇▇▇ ▇▇▇▇ ▇▇spect to the Company and its subsidia▇▇▇▇ ▇▇▇ ▇▇r the periods set forth in the Time of Sale Information and the Prospectus.
The estimates of proved reserves used by the Company in connection with the preparation of the Company Reserve Report and provided by the Company to Ryder Scott Company, L.P. and Netherland, Sewell & Associates, Inc.
All information regarding historical facts contained in the Reserve Reports or otherwise furnished by Torch to the Institutional Sellers in connection with the properties covered thereby (or furnished to Ryder Scott Company Petroleum Engineers in connection with their ▇▇▇▇▇ ▇▇ ▇he June 30 Report, to the Reserve Engineers in connection with their preparation of the January 1 Reports, or to Sellers' Financial Advisor) is accurate and complete in all material respects in accordance with industry standards.