Common use of Undeveloped Acreage Clause in Contracts

Undeveloped Acreage. Hydrocarbon Interests not classified as Proved Reserves in the most recently delivered Reserve Report. Unless otherwise qualified, all references to Undeveloped Acreage in this Agreement shall refer to Undeveloped Acreage of the Loan Parties or their Subsidiaries.

Appears in 2 contracts

Sources: Credit Agreement (Trans Energy Inc), Credit Agreement (Trans Energy Inc)