Common use of Reserve Data Clause in Contracts

Reserve Data. (i) The oil and natural gas reserve estimates of the Company and its subsidiaries as of December 31, 2009, 2010, 2011, 2012 and 2013 contained and incorporated by reference in the Offering Memorandum are derived from reports that have been prepared by, or have been audited by, ▇▇▇▇▇ ▇▇▇▇▇ Company, LP, as set forth and to the extent indicated therein, and (ii) such estimates under (i) fairly reflect the oil and natural gas reserves of the Company and its subsidiaries, as applicable, 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. (ll) Independent Petroleum Engineers. ▇▇▇▇▇ ▇▇▇▇▇ Company, LP has represented to the Company that it is, the Company believes it to be, and its engineers are independent petroleum engineers with respect to the Company and for the periods set forth in the Offering Memorandum.

Reserve Data. (i) The oil and natural gas reserve estimates of the Company and its subsidiaries as of December 31, 20092015, 20102016, 20112017, 2012 2018, 2019 and 2013 2020 contained and and/or incorporated by reference in the Offering Memorandum are derived from reports that have been prepared by, or have been audited by, ▇▇▇▇▇ ▇▇▇▇▇ Company, LP, as set forth and to the extent indicated therein, and (ii) such estimates under (i) fairly reflect the oil and natural gas reserves of the Company and its subsidiaries, as applicable, 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. (ll) Independent Petroleum Engineers. ▇▇▇▇▇ ▇▇▇▇▇ Company, LP has represented to the Company that it is, the Company believes it to be, and its engineers are independent petroleum engineers with respect to the Company and for the periods set forth in the Offering Memorandum.

Reserve Data. (i) The oil and natural gas reserve estimates of the Company and its subsidiaries as of December 31, 2008, 2009, 2010, 2011, 2011 and 2012 and 2013 contained and incorporated by reference in the Offering Memorandum are derived from reports that have been prepared by, or have been audited by, ▇▇▇▇▇ ▇▇▇▇▇ Company, LP, as set forth and to the extent indicated therein, and (ii) such estimates under (i) fairly reflect the oil and natural gas reserves of the Company and its subsidiaries, as applicable, 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. (ll) Independent Petroleum Engineers. ▇▇▇▇▇ ▇▇▇▇▇ Company, LP has represented to the Company that it is, the Company believes it to be, and its engineers are independent petroleum engineers with respect to the Company and for the periods set forth in the Offering Memorandum.

Reserve Data. (i) The oil and natural gas reserve estimates of the Company and its subsidiaries as of December 31, 2007, 2008, 2009, 2010, 2011, 2012 2010 and 2013 2011 contained and incorporated by reference in the Offering Memorandum are derived from reports that have been prepared by, or have been audited by, ▇▇▇▇▇ ▇▇▇▇▇ Company, LP, as set forth and to the extent indicated therein, and (ii) such estimates under (i) fairly reflect the oil and natural gas reserves of the Company and its subsidiaries, as applicable, 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. (ll) Independent Petroleum Engineers. ▇▇▇▇▇ ▇▇▇▇▇ Company, LP has represented to the Company that it is, the Company believes it to be, and its engineers are independent petroleum engineers with respect to the Company and for the periods set forth in the Offering Memorandum.

Reserve Data. (i) The oil and natural gas reserve estimates of the Company and its subsidiaries as of December 31, 20092012, 20102013, 20112014, 2012 2015 and 2013 2016 contained and incorporated by reference in the Offering Memorandum are derived from reports that have been prepared by, or have been audited by, ▇▇▇▇▇ ▇▇▇▇▇ Company, LP, as set forth and to the extent indicated therein, and (ii) such estimates under (i) fairly reflect the oil and natural gas reserves of the Company and its subsidiaries, as applicable, 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. (ll) Independent Petroleum Engineers. ▇▇▇▇▇ ▇▇▇▇▇ Company, LP has represented to the Company that it is, the Company believes it to be, and its engineers are independent petroleum engineers with respect to the Company and for the periods set forth in the Offering Memorandum.