# EDGAR Filing Document

**Accession Number:** 0001818643
**File Stem:** 0000000000-25-007925
**Filing Date:** 2025-7
**Character Count:** 5610
**Document Hash:** 4698e2d7668c9bad54d947d70a7879fd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-007925.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0000000000-25-007925

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250728

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Phoenix Energy One, LLC
- **CENTRAL INDEX KEY:** 0001818643
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 834526672
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 024-12634

**BUSINESS ADDRESS:**
- **STREET 1:** 4643 S. ULSTER STREET, SUITE 1510
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80237
- **BUSINESS PHONE:** 213-316-8720

**MAIL ADDRESS:**
- **STREET 1:** 4643 S. ULSTER STREET, SUITE 1510
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80237

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Phoenix Capital Group Holdings, LLC
- **DATE OF NAME CHANGE:** 20200717
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001193125-25-149140

## Text-Extract

```

                                                             July 28, 2025

Adam Ferrari
Chief Executive Officer
Phoenix Energy One, LLC
18575 Jamboree Road
Suite 830
Irvine, California 92612

       Re: Phoenix Energy One, LLC
           Amendment No. 1 to Offering Statement on Form 1-A
           Filed July 14, 2025
           File No. 024-12634
Dear Adam Ferrari:

     We have reviewed your amended offering statement and have the following
comments.

       Please respond to this letter by amending your offering statement and
providing the
requested information. If you do not believe a comment applies to your facts
and
circumstances or do not believe an amendment is appropriate, please tell us why
in your
response.

       After reviewing any amendment to your offering statement and the
information you
provide in response to this letter, we may have additional comments. Unless we
note
otherwise, any references to prior comments are to comments in our July 10,
2025 letter.

Amendment No. 1 to Offering Statement on Form 1-A
Provisions of Note in our Subscription Agreement, page 205

1.     We note your revised disclosure in response to prior comment 7 states
that the
       subscription agreement includes a forum selection provision that
requires any claims
       be brought in a state or federal court of competent jurisdiction in the
State of New
       York. However, your subscription agreements filed as Exhibits 4.1 and
4.2 state that
       claims may be instituted in the federal courts of the United States or
the courts of the
       State of New York. Please revise or advise.
 July 28, 2025
Page 2

General

2.     We note your responses to prior comments 2 and 6 and reissue in part. We
note your
       disclosure that you have not set a maximum period of time to decide
whether to
       accept or reject a subscription or for the closing to occur. We also
note that you
       reserve the right to terminate the offering at any time and may reject
subscriptions    in
       whole or in part, for any reason or no reason.    Further, we note that
the offering is
       contingent upon obtaining certain approval. Please revise your
disclosure to disclose
       the details of your process for accepting or rejecting subscriptions and
the mechanics
       of settlement, including how soon after receipt of a subscription you
will accept or
       reject such subscription, what factors will go into deciding whether to
accept or reject
       a subscription, what factors will go into deciding when to settle
subscriptions, how
       you will inform investors of the settlement cycle, and how soon after
you make the
       final determination to accept or reject a subscription that settlement
will occur. As it
       appears that you have an undetermined time to process subscription
requests and can
       reject a subscription for any reason, an undetermined time to have
closings, may
       terminate the offering at any time, and you will not complete this
offering unless the
       Preferred Shares are approved for listing on the NYSE American, please
provide your
       analysis as to whether your offering should be considered to be an
impermissible
       delayed offering and not a continuous offering within the meaning of
Rule
       251(d)(3)(i)(F) of Regulation A. If the offering is intended to be a
continuous offering
       within the meaning of Rule 251(d)(3)(i)(F) of Regulation A, please
revise your
       offering circular to disclose that the offering will commence within two
calendar
       days after qualification.
3.     We note your revised disclosure on the offering circular cover page that
once you
       have determined to close the offering, you will inform investors of such
closing date
       and the listing date in accordance with the terms of the subscription
agreement. Please
       expand your disclosure to specifically discuss how you will inform
investors of the
       closing.
      Please contact Timothy S. Levenberg at 202-551-3707 or Karina Dorin at
202-551-
3763 with any questions.

                                                            Sincerely,

                                                            Division of
Corporation Finance
                                                            Office of Energy &
Transportation
cc:   Ross McAloon, Esq., of Latham & Watkins LLP

```

### Attached PDF Documents

**Attachment 1:** `filename1`

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