Oil and Natural Gas Reserves Sample Clauses

Oil and Natural Gas Reserves. The oil and natural gas reserve estimates of the Partnership Properties and the WHT Properties contained in the General Disclosure Package and the Offering Memorandum are derived from reports that have been prepared by Netherland, Xxxxxx & Associates, Inc., and such estimates fairly reflect, in all material respects, the oil and natural gas reserves attributable to such properties at the dates indicated therein and are in accordance, in all material respects, with Commission guidelines applied on a consistent basis throughout the periods involved.
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Oil and Natural Gas Reserves. The oil and natural gas reserve estimates of the MRD Properties contained in the General Disclosure Package and the Offering Memorandum are derived from reports that have been prepared, and audits that have been completed, by Netherland, Xxxxxx & Associates, Inc. (“NSAI”), and such estimates fairly reflect, in all material respects, the oil and natural gas reserves attributable to such properties at the dates indicated therein and are in accordance, in all material respects, with Commission guidelines applied on a consistent basis throughout the periods involved.
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Oil and Natural Gas Reserves. The oil and natural gas reserve estimates of the Partnership Properties, the WHT Properties and the Cinco Properties contained in the General Disclosure Package and the Offering Memorandum are derived from reports that have been prepared by Netherland, Xxxxxx & Associates, Inc. (“NSAI”), Xxxxxx Xxxxxxxxx & Associates, Inc. (“Xxxxxx Xxxxxxxxx”), Xxxxx Xxxxx Company, L.P. (“Xxxxx Xxxxx”), X.X. Xxx Xxxxxx & Co. (“Von Gonten”) or Xxxxxx and Xxxxx, LTD (“Xxxxxx and Xxxxx”), and such estimates fairly reflect, in all material respects, the oil and natural gas reserves attributable to such properties at the dates indicated therein and are in accordance, in all material respects, with Commission guidelines applied on a consistent basis throughout the periods involved.
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Oil and Natural Gas Reserves. The following table sets forth certain unaudited pro forma information concerning the Partnership's pro forma combined estimated net proved oil and natural gas reserves as of December 31, 2015 and 2016, after giving effect to the Noble Acquisition as if it occurred on January 1, 2016. There are numerous uncertainties inherent in estimating the quantities of proved reserves and projecting future rates of production and timing of development expenditures. The following reserve data represents estimates only and should not be construed as being exact: Crude Oil (MBbl) Partnership Historical Noble Acquisition PartnershipPro Forma Net proved reserves at December 31, 2015 15,842 1,450 17,292 Revisions of previous estimates 3,007 2,986 5,993 Purchases of minerals in place 1,322 — 1,322 Extensions, discoveries, and other additions 1,877 — 1,877 Production (3,680 ) (600 ) (4,280 ) Net proved reserves at December 31, 2016 18,368 3,836 22,204 Net Proved Developed Reserves December 31, 2015 15,497 1,450 16,947 December 31, 2016 18,150 3,836 21,986 Net Proved Undeveloped Reserves December 31, 2015 345 — 345 December 31, 2016 218 — 218 Natural Gas (MMcf) Partnership Historical (1) Noble Acquisition PartnershipPro Forma Net proved reserves at December 31, 2015 203,675 12,434 216,109 Revisions of previous estimates 29,024 12,855 41,879 Purchases of minerals in place 5,683 — 5,683 Extensions, discoveries, and other additions 79,455 — 79,455 Production (47,498 ) (2,589 ) (50,087 ) Net proved reserves at December 31, 2016 270,339 22,700 293,039 Net Proved Developed Reserves December 31, 2015 174,555 12,434 186,989 December 31, 2016 223,057 22,700 245,757 Net Proved Undeveloped Reserves December 31, 2015 29,120 — 29,120 December 31, 2016 47,282 — 47,282
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Oil and Natural Gas Reserves. The oil and natural gas reserve estimates of the Partnership Properties (other than the Merit Properties, the Xxxx Xxxx Properties and the MRD Properties) contained in the General Disclosure Package and the Offering Memorandum are derived from reports that have been prepared by Netherland, Xxxxxx & Associates, Inc. (“NSAI”), the oil reserve estimates of the Merit Properties contained in the General Disclosure Package and the Offering Memorandum are derived from reports that have been prepared by internal reserve engineers of the Partnership and audited by Xxxxx Xxxxx Company, L.P. (“Xxxxx Xxxxx”), and the oil and natural gas reserve estimates of the Xxxx Xxxx Properties and the MRD Properties contained in the General Disclosure Package and the Offering Memorandum are derived from reports that have been prepared by internal reserve engineers of the Partnership; such estimates fairly reflect, in all material respects, the oil and natural gas reserves attributable to such properties at the dates indicated therein and are in accordance, in all material respects, with Commission guidelines applied on a consistent basis throughout the periods involved.
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Oil and Natural Gas Reserves. The Company currently does not have any oil or natural gas reserve estimates.
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Related to Oil and Natural Gas Reserves

  • Oil and Gas Operations (a) All wxxxx included in the Oil and Gas Interests of the Company have been drilled and (if completed) completed, operated and produced in accordance with generally accepted oil and gas field practices and in compliance in all respects with applicable oil and gas leases and applicable laws, rules and regulations, except where any failure or violation could not reasonably be expected to have a Material Adverse Effect on the Company; and

  • Mineral Reserves and Resources The estimated proven and probable mineral reserves and estimated indicated, measured and inferred mineral resources disclosed in the Company Reports since July 1, 2006 have been prepared and disclosed in all material respects in accordance with National Instrument 43-101, Disclosure for Mineral Projects. There has been no material reduction in the aggregate amount of estimated mineral reserves or estimated mineral resources of the Company and its Subsidiaries, taken as a whole, from the amounts disclosed in the most recent Company Reports regarding same.

  • Oil and Gas Matters (a) Except as has not had and would not reasonably be expected to have a Company Material Adverse Effect, and except for property (i) sold or otherwise disposed of in the ordinary course of business since the date specified in the reserve report prepared by the Company Reserve Engineer relating to the Company’s interests referred to therein and dated as of December 31, 2021 (the “Company Reserve Report”) or (ii) reflected in the Company Reserve Report or in the Company SEC Documents as having been sold or otherwise disposed of (other than transactions effected after the date hereof in accordance with Section 6.1(b)(v)), the Company and its Subsidiaries have good and defensible title to all Oil and Gas Properties forming the basis for the reserves reflected in the Company Reserve Report and in each case as attributable to interests owned by the Company and its Subsidiaries, free and clear of any Encumbrances, except for Permitted Encumbrances. For purposes of the foregoing sentence, “good and defensible title” means that the Company’s or one and/or more of its Subsidiaries’, as applicable, title (as of the date hereof and as of the Closing) to each of the Oil and Gas Properties held or owned by them (or purported to be held or owned by them) beneficially or of record with any applicable Governmental Entity that (1) entitles the Company (and/or one or more of its Subsidiaries, as applicable) to receive (after satisfaction of all Production Burdens applicable thereto), not less than the net revenue interest share shown in the Company Reserve Report of all Hydrocarbons produced from such Oil and Gas Properties throughout the productive life of such Oil and Gas Properties (other than decreases in connection with operations in which the Company and/or its Subsidiaries may be a non-consenting co-owner, decreases resulting from reversion of interests to co-owners with respect to operations in which such co-owners elected not to consent, decreases resulting from the establishment of pools or units, and decreases required to allow other working interest owners to make up past underproduction or pipelines to make up past under deliveries, in each case, to the extent occurring after the date of the Company Reserve Report) and (2) obligates the Company (and/or one or more of its Subsidiaries, as applicable) to bear a percentage of the costs and expenses for the maintenance and development of, and operations relating to, such Oil and Gas Properties, of not greater than the working interest shown on the Company Reserve Report for such Oil and Gas Properties (other than any positive difference between such percentage and the applicable working interest shown on the Company Reserve Report for such Oil and Gas Properties that are accompanied by a proportionate (or greater) increase in the net revenue interest in such Oil and Gas Properties).

  • Oil and Gas Properties The Borrower will and will cause each Subsidiary to, at its own expense, do or cause to be done all things reasonably necessary to preserve and keep in good repair, working order and efficiency all of its Oil and Gas Properties and other material Properties including, without limitation, all equipment, machinery and facilities, and from time to time will make all the reasonably necessary repairs, renewals and replacements so that at all times the state and condition of its Oil and Gas Properties and other material Properties will be fully preserved and maintained, except to the extent a portion of such Properties is no longer capable of producing Hydrocarbons in economically reasonable amounts. The Borrower will and will cause each Subsidiary to promptly: (i) pay and discharge, or make reasonable and customary efforts to cause to be paid and discharged, all delay rentals, royalties, expenses and indebtedness accruing under the leases or other agreements affecting or pertaining to its Oil and Gas Properties, (ii) perform or make reasonable and customary efforts to cause to be performed, in accordance with industry standards, the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in its Oil and Gas Properties and other material Properties, (iii) cause each Subsidiary to do all other things necessary to keep unimpaired, except for Liens described in Section 9.02, its rights with respect to its Oil and Gas Properties and other material Properties and prevent any forfeiture thereof or a default thereunder, except to the extent a portion of such Properties is no longer capable of producing Hydrocarbons in economically reasonable amounts and except for dispositions permitted by Sections 9.16 and 9.17. The Borrower will and will cause each Subsidiary to operate its Oil and Gas Properties and other material Properties or cause or make reasonable and customary efforts to cause such Oil and Gas Properties and other material Properties to be operated in a safe, careful, and efficient manner in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance in all material respects with all Governmental Requirements, including the Environmental Laws.

  • Notice of Sales of Oil and Gas Properties In the event the Borrower or any Subsidiary intends to sell, transfer, assign or otherwise dispose of any Oil or Gas Properties or any Equity Interests in any Subsidiary in accordance with Section 9.12, prior written notice of such disposition, the price thereof and the anticipated date of closing and any other details thereof requested by the Administrative Agent or any Lender.

  • Financial Attributes of Non-Wholly Owned Subsidiaries When determining the Applicable Margin and compliance by the Borrower with any financial covenant contained in any of the Loan Documents, only the Ownership Share of the Borrower of the financial attributes of a Subsidiary that is not a Wholly Owned Subsidiary shall be included when including financial information from a Subsidiary that is not a Wholly Owned Subsidiary.

  • Gas Contracts No Credit Party, as of the date hereof or as disclosed to the Administrative Agent in writing, (a) is obligated in any material respect by virtue of any prepayment made under any contract containing a “take-or-pay” or “prepayment” provision or under any similar agreement to deliver Hydrocarbons produced from or allocated to any of the Borrower’s and its Subsidiaries’ Oil and Gas Properties at some future date without receiving full payment therefor at the time of delivery or (b) except as has been disclosed to the Administrative Agent, has produced gas, in any material amount, subject to balancing rights of third parties or subject to balancing duties under Legal Requirements.

  • Mission Block Fuel The block fuel for a stage length of 2,050 nautical miles in still air (representative of a route with a 4.4 hour flight time from a sea level airport) with a zero fuel weight of 154,221 kilograms, using the conditions and operating rules defined below, shall not be more than the following guarantee value: NOMINAL: [*] Kilograms TOLERANCE: [*] Kilograms GUARANTEE: [*] Kilograms Conditions and operating rules:

  • Additional Resources In accordance with Section 7.07 below and except as specifically provided in a Transition Service Schedule for a specific Service, in providing the Services, a Service Provider shall not be obligated to: (i) hire any additional employees; (ii) maintain the employment of any specific employee; (iii) purchase, lease or license any additional facilities, equipment or software; or (iv) pay any costs related to the transfer or conversion of the Service Recipient’s data to the Service Provider or any alternate supplier of Services.

  • Information Systems Acquisition Development and Maintenance a. Client Data – Client Data will only be used by State Street for the purposes specified in this Agreement.

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