Energy Resources 12, L.P. (the “Partnership”) was formed as a Delaware limited partnership. The initial capitalization of the Partnership of $1,000 occurred on December 30, 2016. The Partnership began offering common units of limited partner interest (the “common units”) on a best-efforts basis on May 17, 2017, the date the Securities and Exchange Commission (“SEC”) declared the offering effective. As of July 25, 2017, the Partnership completed the sale of the minimum offering of 1,315,790 common units. The subscribers to the common units were admitted as Limited Partners of the Partnership at the initial closing of the offering, and the Partnership admitted additional Limited Partners monthly through the completion of its offering on October 24, 2019. The Partnership sold approximately 11.0 million common units for gross proceeds of $218.0 million under the offering. The proceeds from the sale of common units have been used to acquire producing and non-producing oil and natural gas properties onshore in the United States and to develop those properties.
Company profile
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Sundance Energy, L.P.
SEC CIK
Corporate docs
Subsidiaries
Energy Resources 12 Operating Company, LLC ...
IRS number
814805237
Latest filings (excl ownership)
10-Q
2024 Q1
Quarterly report
15 May 24
8-K
Entry into a Material Definitive Agreement
7 May 24
8-K
Other Events
17 Apr 24
10-K
2023 FY
Annual report
15 Mar 24
8-K
Other Events
26 Jan 24
10-Q
2023 Q3
Quarterly report
13 Nov 23
10-Q
2023 Q2
Quarterly report
10 Aug 23
8-K
Other Events
21 Jun 23
8-K
Other Events
1 Jun 23
10-Q
2023 Q1
Quarterly report
15 May 23
Latest ownership filings
Financial summary
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 810.06 k | 810.06 k | 810.06 k | 810.06 k | 810.06 k | 810.06 k |
Cash burn (monthly) | 215.19 k | 1.64 mm | 372.72 k | 55.79 k | (no burn) | (no burn) |
Cash used (since last report) | 559.20 k | 4.27 mm | 968.57 k | 144.97 k | n/a | n/a |
Cash remaining | 250.85 k | -3.46 mm | -158.51 k | 665.08 k | n/a | n/a |
Runway (months of cash) | 1.2 | -2.1 | -0.4 | 11.9 | n/a | n/a |