Yaupon Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
AES CORP	COM	00130H105	6,753,908	384,400	SH		SOLE		384,400	0	0
AIR PRODS & CHEMS INC	COM	009158106	8,876,920	34,400	SH		SOLE		34,400	0	0
AIR PRODS & CHEMS INC	COM	009158106	28,385,500	110,000	SH	Call	SOLE		110,000	0	0
ALLETE INC	COM NEW	018522300	4,523,430	72,549	SH		SOLE		72,549	0	0
AMEREN CORP	COM	023608102	26,701,236	375,492	SH		SOLE		375,492	0	0
ATMOS ENERGY CORP	COM	049560105	17,397,764	149,145	SH		SOLE		149,145	0	0
ATMUS FILTRATION TECHNOLOGIE	COM	04956D107	4,242,172	147,400	SH		SOLE		147,400	0	0
AVISTA CORP	COM	05379B107	34,610,000	1,000,000	SH	Put	SOLE		1,000,000	0	0
CADELER A S	SPON ADR	12738K109	1,782,286	71,206	SH		SOLE		71,206	0	0
CENOVUS ENERGY INC	COM	15135U109	44,140,082	2,245,172	SH		SOLE		2,245,172	0	0
CENTERPOINT ENERGY INC	COM	15189T107	9,136,002	294,900	SH		SOLE		294,900	0	0
CENTURY ALUM CO	COM	156431108	1,075,551	64,212	SH		SOLE		64,212	0	0
CHAMPIONX CORPORATION	COM	15872M104	16,072,444	483,964	SH		SOLE		483,964	0	0
CHEVRON CORP NEW	COM	166764100	54,747,000	350,000	SH	Put	SOLE		350,000	0	0
CIVITAS RESOURCES INC	COM NEW	17888H103	6,758,343	97,947	SH		SOLE		97,947	0	0
CLEAN ENERGY FUELS CORP	COM	184499101	6,547,831	2,452,371	SH		SOLE		2,452,371	0	0
CLEARWAY ENERGY INC	CL C	18539C204	2,599,437	105,283	SH		SOLE		105,283	0	0
CMS ENERGY CORP	COM	125896100	27,295,279	458,513	SH		SOLE		458,513	0	0
CONSOL ENERGY INC NEW	COM	20854L108	2,550,750	25,000	SH		SOLE		25,000	0	0
CORE & MAIN INC	CL A	21874C102	7,341,000	150,000	SH		SOLE		150,000	0	0
COTERRA ENERGY INC	COM	127097103	17,319,818	649,412	SH		SOLE		649,412	0	0
CSX CORP	COM	126408103	4,667,245	139,529	SH		SOLE		139,529	0	0
DARLING INGREDIENTS INC	COM	237266101	7,527,797	204,838	SH		SOLE		204,838	0	0
DEVON ENERGY CORP NEW	COM	25179M103	18,245,303	384,922	SH		SOLE		384,922	0	0
DOMINION ENERGY INC	COM	25746U109	25,766,013	525,837	SH		SOLE		525,837	0	0
DOW INC	COM	260557103	10,610,000	200,000	SH	Put	SOLE		200,000	0	0
DTE ENERGY CO	COM	233331107	25,188,724	226,905	SH		SOLE		226,905	0	0
EATON CORP PLC	SHS	G29183103	7,838,750	25,000	SH	Put	SOLE		25,000	0	0
ENPHASE ENERGY INC	COM	29355A107	12,174,591	122,100	SH	Put	SOLE		122,100	0	0
ENTERGY CORP NEW	COM	29364G103	17,986,807	168,101	SH		SOLE		168,101	0	0
EOG RES INC	COM	26875P101	50,348,000	400,000	SH	Put	SOLE		400,000	0	0
EQUITRANS MIDSTREAM CORP	COM	294600101	23,710,891	1,826,725	SH		SOLE		1,826,725	0	0
EVERGY INC	COM	30034W106	27,993,056	528,470	SH		SOLE		528,470	0	0
EXPRO GROUP HOLDINGS NV	COM	N3144W105	1,579,669	68,921	SH		SOLE		68,921	0	0
EXXON MOBIL CORP	COM	30231G102	16,222,480	140,918	SH		SOLE		140,918	0	0
FIRST SOLAR INC	COM	336433107	11,515,370	51,075	SH		SOLE		51,075	0	0
FIRST SOLAR INC	COM	336433107	12,670,852	56,200	SH	Call	SOLE		56,200	0	0
FIRSTENERGY CORP	COM	337932107	16,911,513	441,900	SH		SOLE		441,900	0	0
FLUENCE ENERGY INC	COM CL A	34379V103	3,991,356	230,182	SH		SOLE		230,182	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	4,424,398	91,037	SH		SOLE		91,037	0	0
GE VERNOVA INC	COM	36828A101	36,338,853	211,876	SH		SOLE		211,876	0	0
GENERAC HLDGS INC	COM	368736104	5,037,582	38,100	SH		SOLE		38,100	0	0
GFL ENVIRONMENTAL INC	SUB VTG SHS	36168Q104	26,566,338	682,413	SH		SOLE		682,413	0	0
GOODYEAR TIRE & RUBR CO	COM	382550101	5,849,711	515,393	SH		SOLE		515,393	0	0
GULFPORT ENERGY CORP	COMMON SHARES	402635502	9,519,040	63,040	SH		SOLE		63,040	0	0
HALLIBURTON CO	COM	406216101	20,268,000	600,000	SH	Put	SOLE		600,000	0	0
HESS CORP	COM	42809H107	50,268,620	340,758	SH		SOLE		340,758	0	0
HUDBAY MINERALS INC	COM	443628102	12,290,705	1,358,089	SH		SOLE		1,358,089	0	0
IDACORP INC	COM	451107106	18,630,000	200,000	SH	Put	SOLE		200,000	0	0
KINETIK HOLDINGS INC	COM NEW CL A	02215L209	11,015,912	265,828	SH		SOLE		265,828	0	0
LANDBRIDGE COMPANY LLC	CL A	514952100	11,575,000	500,000	SH		SOLE		500,000	0	0
LIBERTY ENERGY INC	COM CL A	53115L104	4,989,806	238,861	SH		SOLE		238,861	0	0
MARATHON PETE CORP	COM	56585A102	22,646,426	130,542	SH		SOLE		130,542	0	0
MATADOR RES CO	COM	576485205	6,664,412	111,819	SH		SOLE		111,819	0	0
MDU RES GROUP INC	COM	552690109	4,490,239	178,894	SH		SOLE		178,894	0	0
MOSAIC CO NEW	COM	61945C103	17,855,894	617,851	SH		SOLE		617,851	0	0
NATIONAL FUEL GAS CO	COM	636180101	28,389,762	523,893	SH		SOLE		523,893	0	0
NATIONAL FUEL GAS CO	COM	636180101	16,257,000	300,000	SH	Call	SOLE		300,000	0	0
NEXTDECADE CORP	COM	65342K105	32,250,581	4,061,786	SH		SOLE		4,061,786	0	0
NEXTDECADE CORP	COM	65342K105	11,559,846	1,455,900	SH	Call	SOLE		1,455,900	0	0
NISOURCE INC	COM	65473P105	29,429,127	1,021,490	SH		SOLE		1,021,490	0	0
OPAL FUELS INC	CLASS A COM	68347P103	2,446,225	598,099	SH		SOLE		598,099	0	0
OSISKO GOLD ROYALTIES LTD	COM	68827L101	15,569,780	999,000	SH		SOLE		999,000	0	0
OVINTIV INC	COM	69047Q102	8,560,524	182,644	SH		SOLE		182,644	0	0
PAR PAC HOLDINGS INC	COM NEW	69888T207	13,052,912	516,947	SH		SOLE		516,947	0	0
PBF ENERGY INC	CL A	69318G106	5,995,302	130,276	SH		SOLE		130,276	0	0
PERMIAN RESOURCES CORP	CLASS A COM	71424F105	18,625,456	1,153,279	SH		SOLE		1,153,279	0	0
PG&E CORP	COM	69331C108	8,614,764	493,400	SH		SOLE		493,400	0	0
PHILLIPS 66	COM	718546104	63,004,171	446,300	SH	Put	SOLE		446,300	0	0
PNM RES INC	COM	69349H107	10,502,036	284,146	SH		SOLE		284,146	0	0
PNM RES INC	COM	69349H107	18,480,000	500,000	SH	Call	SOLE		500,000	0	0
PORTLAND GEN ELEC CO	COM NEW	736508847	64,860,000	1,500,000	SH	Put	SOLE		1,500,000	0	0
PPL CORP	COM	69351T106	24,718,879	893,992	SH		SOLE		893,992	0	0
PRIMORIS SVCS CORP	COM	74164F103	27,199,529	545,190	SH		SOLE		545,190	0	0
PUBLIC SVC ENTERPRISE GRP IN	COM	744573106	13,713,728	186,075	SH		SOLE		186,075	0	0
SAIA INC	COM	78709Y105	24,188,790	51,000	SH	Put	SOLE		51,000	0	0
SEADRILL 2021 LTD	COM	G7997W102	6,166,456	119,737	SH		SOLE		119,737	0	0
SELECT SECTOR SPDR TR	SBI INT-UTILS	81369Y886	20,442,000	300,000	SH	Put	SOLE		300,000	0	0
SEMPRA	COM	816851109	27,257,622	358,370	SH		SOLE		358,370	0	0
SHELL PLC	SPON ADS	780259305	36,959,047	512,040	SH		SOLE		512,040	0	0
SILVERBOW RES INC	COM	82836G102	5,984,366	158,191	SH		SOLE		158,191	0	0
SOLID POWER INC	CLASS A COM	83422N105	3,078,525	1,865,773	SH		SOLE		1,865,773	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	285,715,500	525,000	SH	Put	SOLE		525,000	0	0
SPIRE INC	COM	84857L101	6,855,506	112,885	SH		SOLE		112,885	0	0
SUNCOR ENERGY INC NEW	COM	867224107	36,356,011	954,226	SH		SOLE		954,226	0	0
TALOS ENERGY INC	COM	87484T108	25,515,000	2,100,000	SH	Put	SOLE		2,100,000	0	0
TAMBORAN RES CORP	COM	87507T101	2,925,000	130,000	SH		SOLE		130,000	0	0
TARGA RES CORP	COM	87612G101	38,634,000	300,000	SH	Put	SOLE		300,000	0	0
TC ENERGY CORP	COM	87807B107	46,543,853	1,228,070	SH		SOLE		1,228,070	0	0
TECK RESOURCES LTD	CL B	878742204	31,899,819	665,967	SH		SOLE		665,967	0	0
TECK RESOURCES LTD	CL B	878742204	19,160,000	400,000	SH	Call	SOLE		400,000	0	0
TRANSALTA CORP	COM	89346D107	11,205,511	1,580,764	SH		SOLE		1,580,764	0	0
UGI CORP NEW	COM	902681105	2,290,000	100,000	SH		SOLE		100,000	0	0
UGI CORP NEW	COM	902681105	6,870,000	300,000	SH	Call	SOLE		300,000	0	0
VALERO ENERGY CORP	COM	91913Y100	6,944,468	44,300	SH		SOLE		44,300	0	0
VEREN INC	COM NEW	92340V107	7,945,627	1,007,342	SH		SOLE		1,007,342	0	0
WARRIOR MET COAL INC	COM	93627C101	4,197,869	66,877	SH		SOLE		66,877	0	0
WEX INC	COM	96208T104	3,056,905	17,257	SH		SOLE		17,257	0	0
XPO INC	COM	983793100	10,615,000	100,000	SH	Put	SOLE		100,000	0	0