Item 4. Controls and Procedures
Item 4. Controls and Procedures.
Evaluation of Disclosure Controls and Procedures
The Trustee conducted an
evaluation of the Trust’s disclosure controls and procedures (as defined in Rules 13a-15 and 15d-15 under the Securities Exchange
Act of 1934, as amended (the “Exchange Act”)). Based on this evaluation, the Trustee has concluded that the disclosure controls
and procedures of the Trust were effective, as of the end of the period covered by this report, in ensuring that information required
to be disclosed by the Trust in the reports that it files or submits under the Exchange Act is accumulated and communicated to the Trustee
to allow timely decisions regarding required disclosure.
Due to the nature of the
Trust as a passive entity and in light of the contractual arrangements pursuant to which the Trust was created, including the provisions
of (i) the Trust Agreement and (ii) the Conveyance, the Trustee’s disclosure controls and procedures related to the Trust
necessarily rely on (A) information provided by the Sponsor, including information relating to results of operations, the costs and
revenues attributable to the Trust’s interest under the Conveyance and other operating and historical data, plans for future operating
and capital expenditures, reserve information, information relating to projected production, and other information relating to the status
and results of operations of the Underlying Properties and the Net Profits Interest, and (B) conclusions and reports regarding reserves
by the Trust’s independent reserve engineers.
Changes in Internal Control over Financial
Reporting
As
of the end of the period covered by this report , there were no changes in the Trust’s internal control over financial reporting
that have materially affected, or are reasonably likely to materially affect, the Trust’s internal control over financial reporting.
The Trustee notes for purposes of clarification that it has no authority over, and makes no statement concerning, the internal control
over financial reporting of the Sponsor.
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PART II—OTHER
INFORMATION
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.