# EDGAR Filing Document

**Accession Number:** 0001923693
**File Stem:** 0001923693-23-000001
**Filing Date:** 2023-1
**Character Count:** 22131
**Document Hash:** fedfb2a08ea3e441a7d8e8aa0f897e78
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001923693-23-000001.hdr.sgml**: 20230117

**ACCESSION NUMBER**: 0001923693-23-000001

**CONFORMED SUBMISSION TYPE**: D/A

**PUBLIC DOCUMENT COUNT**: 1

**ITEM INFORMATION**: <ITEMS>06b

**FILED AS OF DATE**: 20230117

**DATE AS OF CHANGE**: 20230117

**EFFECTIVENESS DATE**: 20230117

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MDS 2022-Shale Development, LP
- **CENTRAL INDEX KEY:** 0001923693
- **IRS NUMBER:** 873309051
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** D/A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 021-448425
- **FILM NUMBER:** 23530817

**BUSINESS ADDRESS:**
- **STREET 1:** 603 STANWIX STREET
- **STREET 2:** SUITE 1750
- **CITY:** PITTSBURGH
- **STATE:** PA
- **ZIP:** 15222
- **BUSINESS PHONE:** 742-919-8804

**MAIL ADDRESS:**
- **STREET 1:** 603 STANWIX STREET
- **STREET 2:** SUITE 1750
- **CITY:** PITTSBURGH
- **STATE:** PA
- **ZIP:** 15222

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM D

### Notice of Exempt Offering of Securities

**Notice of Amendment** (Previous Accession Number: 0001923693-22-000001)

### 1. Issuer's Identity

**CIK (Filer ID Number):** 0001923693

**Name of Issuer:** MDS 2022-Shale Development, LP

**Jurisdiction of Incorporation/Organization:** DELAWARE

**Previous Names:** None

**Year of Incorporation/Organization**

- [ ] Over Five Years Ago

- [x] Within Last Five Years (Specify Year) 2021

- [ ] Yet to Be Formed

**Entity Type**

- [ ] Corporation

- [x] Limited Partnership

- [ ] Limited Liability Company

- [ ] General Partnership

- [ ] Business Trust

- [ ] Other

### 2. Principal Place of Business and Contact Information

**Name of Issuer:** MDS 2022-Shale Development, LP

**Street Address 1:** 603 STANWIX STREET

**Street Address 2:** SUITE 1750

**City:** PITTSBURGH

**State/Province/Country:** PA

**ZIP/Postal Code:** 15222

**Phone Number of Issuer:** 742-919-8804

### 3. Related Persons

| Last Name                   | First Name   | Street Address 1               | City       | State   |   ZIP/Postal Code | Relationship                                          | Clarification of Response                                                           |
|:---|:---|:---|:---|:---|---:|:---|:---|
| MDS Energy Development, LLC | -            | 603 Stanwix Street, Suite 1750 | Pittsburgh | PA      |             15222 | [x] Executive Officer<br>[x] Director<br>[x] Promoter | Managing General Partner of the Issuer                                              |
| Snyder                      | Michael D.   | 603 Stanwix Street, Suite 1750 | Pittsburgh | PA      |             15222 | [x] Executive Officer<br>[ ] Director<br>[x] Promoter | CEO of the Managing General Partner                                                 |
| Morris                      | Randall L.   | 603 Stanwix Street, Suite 1750 | Pittsburgh | PA      |             15222 | [x] Executive Officer<br>[ ] Director<br>[ ] Promoter | COO of the Managing General Partner                                                 |
| Knapp                       | Michael S.   | 603 Stanwix Street, Suite 1750 | Pittsburgh | PA      |             15222 | [x] Executive Officer<br>[ ] Director<br>[ ] Promoter | President of the Managing General Partner                                           |
| Saadeh                      | Richard      | 603 Stanwix Street, Suite 1750 | Pittsburgh | PA      |             15222 | [x] Executive Officer<br>[ ] Director<br>[ ] Promoter | Executive VP of Development of the Managing General Partner                         |
| Soemantoro                  | Woody        | 603 Stanwix Street, Suite 1750 | Pittsburgh | PA      |             15222 | [x] Executive Officer<br>[ ] Director<br>[ ] Promoter | Executive VP of National Accounts and Due Diligence of the Managing General Partner |
| Avi                         | Zachary J.   | 603 Stanwix Street, Suite 1750 | Pittsburgh | PA      |             15222 | [x] Executive Officer<br>[ ] Director<br>[ ] Promoter | Executive VP of Investments of the Managing General Partner                         |
| Laney                       | Heather      | 603 Stanwix Street, Suite 1750 | Pittsburgh | PA      |             15222 | [x] Executive Officer<br>[ ] Director<br>[ ] Promoter | VP of Accounting and Secretary of the Managing General Partner                      |

### 4. Industry Group

| | | |
|:---|:---|:---|
| [ ] Agriculture | [ ] Health Care | [ ] Retailing |
| [ ] Banking & Financial Services | [ ] Biotechnology | [ ] Restaurants |
|   [ ] Commercial Banking | [ ] Health Insurance | [ ] Technology |
|   [ ] Insurance | [ ] Hospitals & Physicians |   [ ] Computers |
|   [ ] Investing | [ ] Pharmaceuticals |   [ ] Telecommunications |
|   [ ] Investment Banking | [ ] Other Health Care |   [ ] Other Technology |
|   [ ] Pooled Investment Fund | [ ] Manufacturing | [ ] Travel |
|     [ ] Hedge Fund | [ ] Real Estate |   [ ] Airlines & Airports |
|     [ ] Private Equity Fund |   [ ] Commercial |   [ ] Lodging & Conventions |
|     [ ] Venture Capital Fund |   [ ] Construction |   [ ] Tourism & Travel Services |
|     [ ] Other Investment Fund |   [ ] REITS & Finance |   [ ] Other Travel |
|   Is the issuer registered as an investment company? <br>  [ ] Yes [ ] No |   [ ] Residential | [ ] Other |
|   [ ] Other Banking & Financial Services |   [ ] Other Real Estate |  |
| [ ] Business Services |  |  |
| [ ] Energy |  |  |
|   [ ] Coal Mining |  |  |
|   [ ] Electric Utilities |  |  |
|   [ ] Energy Conservation |  |  |
|   [ ] Environmental Services |  |  |
|   [x] Oil & Gas |  |  |
|   [ ] Other Energy |  |  |

### 5. Issuer Size

| **Revenue Range** | **OR** | **Aggregate Net Asset Value Range** |
|:---|:---:|:---|
| [ ] No Revenues | | [ ] No Aggregate Net Asset Value |
| [ ] $1 - $1,000,000 | | [ ] $1 - $5,000,000 |
| [ ] $1,000,001 - $5,000,000 | | [ ] $5,000,001 - $25,000,000 |
| [ ] $5,000,001 - $25,000,000 | | [ ] $25,000,001 - $50,000,000 |
| [ ] $25,000,001 - $100,000,000 | | [ ] $50,000,001 - $100,000,000 |
| [ ] Over $100,000,000 | | [ ] Over $100,000,000 |
| [x] Decline to Disclose | | [ ] Decline to Disclose |
| [ ] Not Applicable | | [ ] Not Applicable |

### 6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)

| | | |
|:---|:---|:---|
| [ ] Rule 504(b)(1) (not (i), (ii) or (iii)) | [ ] Investment Company Act Section 3(c) |  |
| [ ] Rule 504(b)(1)(i) |   [ ] Section 3(c)(1) |  |
| [ ] Rule 504(b)(1)(ii) |   [ ] Section 3(c)(2) |   [ ] Section 3(c)(9) |
| [ ] Rule 504(b)(1)(iii) |   [ ] Section 3(c)(3) |   [ ] Section 3(c)(10) |
| [x] Rule 506(b) |   [ ] Section 3(c)(4) |   [ ] Section 3(c)(11) |
| [ ] Rule 506(c) |   [ ] Section 3(c)(5) |   [ ] Section 3(c)(12) |
| [ ] Securities Act Section 4(5) |   [ ] Section 3(c)(6) |   [ ] Section 3(c)(13) |
|  |   [ ] Section 3(c)(7) |   [ ] Section 3(c)(14) |

### 7. Type of Filing

**New Notice:** [ ] **Date of First Sale:** 2022-06-30

**Amendment:** [x]

### 8. Duration of Offering

Does the issuer intend this offering to last more than one year? [ ] Yes [x] No

### 9. Type(s) of Securities Offered

- [x] Equity
- [ ] Debt
- [ ] Option, Warrant or Other Right to Acquire Another Security
- [ ] Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security
- [ ] Pooled Investment Fund Interests
- [ ] Tenant-in-Common Securities
- [ ] Mineral Property Securities
- [ ] Other

### 10. Business Combination Transaction

Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer? [ ] Yes [x] No

### 11. Minimum Investment
**Minimum investment accepted from any outside investor:** $50000 USD

### 12. Sales Compensation

| Recipient Name                                     |   Recipient CRD Number | Associated BD Name   | Associated BD CRD Number   | Street 1                        | Street 2                  | City              | State   |   ZIP Code | States of Solicitation   | Foreign Solicitation   |
|:---|---:|:---|:---|:---|:---|:---|:---|---:|:---|:---|
| Coastal Equities, Inc.                             |                  23769 | None                 | None                       | 1201 N ORANGE STREET            | SUITE 729                 | Wilmington        | DE      |      19801 |  | [ ]                    |
| Aegis Capital Corp.                                |                  15007 | None                 | None                       | 1345 AVENUE OF THE AMERICAS     | 27TH FLOOR                | NEW YORK          | NY      |      10105 | All States               | [x]                    |
| ARETE WEALTH MANAGEMENT, LLC                       |                  44856 | None                 | None                       | 1115 W FULTON MARKET            | 3RD FLOOR                 | CHICAGO           | IL      |      60607 | All States               | [x]                    |
| ARKADIOS CAPITAL                                   |                 282710 | None                 | None                       | 309 EAST PACES FERRY ROAD       | SUITE 1000                | ATLANTA           | GA      |      30305 |  | [ ]                    |
| AUSDAL FINANCIAL PARTNERS, INC.                    |                   7995 | None                 | None                       | 5187 UTICA RIDGE RD             |  | DAVENPORT         | IA      |      52807 |  | [ ]                    |
| BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC. |                  13609 | None                 | None                       | 4201 42ND STREET NE             | SUITE 100                 | CEDAR RAPIDS      | IA      |      52402 |  | [ ]                    |
| CABIN SECURITIES, INC.                             |                 137608 | None                 | None                       | 6240 W 135TH STREET             | SUITE 214                 | OVERLAND PARK     | KS      |      66223 |  | [ ]                    |
| CALTON & ASSOCIATES, INC.                          |                  20999 | None                 | None                       | 2701 N ROCKY POINT DRIVE        | SUITE 1000                | TAMPA             | FL      |      33607 | All States               | [x]                    |
| CAMBRIDGE INVESTMENT RESEARCH, INC.                |                  39543 | None                 | None                       | 1776 PLEASANT PLAIN RD.         |  | FAIRFIELD         | IA      |      52556 | All States               | [x]                    |
| CENTER STREET SECURITIES, INC.                     |                  26898 | None                 | None                       | 2 INTERNATIONAL PLAZA           | SUITE 301                 | NASHVILLE         | TN      |      37217 |  | [ ]                    |
| CETERA ADVISORS LLC                                |                  10299 | None                 | None                       | 5299 DTC BLVD #800              |  | GREENWOOD VILLAGE | CO      |      80111 | All States               | [x]                    |
| CETERA ADVISOR NETWORKS LLC                        |                  13572 | None                 | None                       | 2301 ROSECRANS AVE #5100        |  | EL SEGUNDO        | CA      |      90245 | All States               | [x]                    |
| CETERA FINANCIAL SPECIALISTS LLC                   |                  10358 | None                 | None                       | 1450 AMERICAN LANE              | 6TH FLOOR, SUITE #650     | SCHAUMBURG        | IL      |      60173 | All States               | [x]                    |
| CETERA INVESTMENT SERVICES LLC                     |                  15340 | None                 | None                       | 400 FIRST ST. S. SUITE 300      |  | ST. CLOUD         | MN      |      56302 | All States               | [x]                    |
| CHAUNER SECURITIES, INC.                           |                  10075 | None                 | None                       | 666 DUNDEE ROAD, SUITE 903      |  | NORTHBROOK        | IL      |      60062 |  | [x]                    |
| CONCORDE INVESTMENT SERVICES, LLC                  |                 151604 | None                 | None                       | 19500 VICTOR PARKWAY            | SUITE 550                 | LIVONIA           | MI      |      48152 |  | [x]                    |
| CREATIVEONE SECURITIES, LLC                        |                 152974 | None                 | None                       | 6330 SPRINT PARKWAY, SUITE 400  |  | OVERLAND PARK     | KS      |      66211 |  | [ ]                    |
| DAI SECURITIES, LLC                                |                  36673 | None                 | None                       | 2200 CENTURY PARKWAY NE         | SUITE 435                 | ATLANTA           | GA      |      30345 |  | [ ]                    |
| DEMPSEY LORD SMITH, LLC                            |                 141238 | None                 | None                       | 901 N BROAD STREET              | SUITE 400                 | ROME              | GA      |      30161 |  | [ ]                    |
| EMERSON EQUITY LLC                                 |                 130032 | None                 | None                       | 155 BOVET ROAD, SUITE 725       |  | SAN MATEO         | CA      |      94402 | All States               | [x]                    |
| FIRST ALLIED SECURITIES, INC.                      |                  32444 | None                 | None                       | 655 WEST BROADWAY 12TH FLOOR    |  | SAN DIEGO         | CA      |      92101 |  | [x]                    |
| G. A. REPPLE & COMPANY                             |                  17486 | None                 | None                       | 101 NORMANDY RD                 |  | CASSELBERRY       | FL      |      32707 |  | [ ]                    |
| GRAMERCY SECURITIES, INC.                          |                   8177 | None                 | None                       | 3949 OLD POST ROAD              |  | CHARLESTON        | RI      |      02813 |  | [ ]                    |
| GREEN VISTA CAPITAL, LLC                           |                 293630 | None                 | None                       | 222 N. PARK AVENUE              |  | WINTER PARK       | FL      |      32789 |  | [ ]                    |
| IBN FINANCIAL SERVICES, INC.                       |                  42360 | None                 | None                       | 404 OLD LIVERPOOL RD            |  | LIVERPOOL         | NY      |      13088 |  | [ ]                    |
| KALOS CAPITAL, INC.                                |                  44337 | None                 | None                       | 11525 PARK WOODS CIRCLE         | SUITE 280                 | ALPHARETTA        | GA      |      30005 |  | [ ]                    |
| KCD FINANCIAL, INC.                                |                 127473 | None                 | None                       | 3061 ALLIED STREET              | SUITE B                   | GREEN BAY         | WI      |      54304 |  | [ ]                    |
| MADISON AVENUE SECURITIES, LLC                     |                  23224 | None                 | None                       | 13500 EVENING CREEK DR N        | #555                      | SAN DIEGO         | CA      |      92128 | All States               | [x]                    |
| MHL INVESTMENTS                                    |                   2535 | None                 | None                       | EVERSPIRE PLAZA                 | 6900 S. 900 E., SUITE 200 | MIDVALE           | UT      |      84047 |  | [ ]                    |
| NEWBRIDGE SECURITIES CORPORATION                   |                 104065 | None                 | None                       | 1200 NORTH FEDERAL HIGHWAY      | SUITE 400                 | Boca Raton        | FL      |      33432 |  | [ ]                    |
| NOBLES & RICHARDS, INC.                            |                 146870 | None                 | None                       | 801 EAST PLANO PARKWAY          | SUITE 220                 | PLANO             | TX      |      75074 | All States               | [x]                    |
| PATRICK CAPITAL MARKETS, LLC                       |                  16518 | None                 | None                       | 11152 SOUTH TOWNE SQUARE        |  | ST. LOUIS         | MO      |      63123 |  | [ ]                    |
| PURSHE KAPLAN STERLING INVESTMENTS                 |                  35747 | None                 | None                       | 80 STATE STREET                 |  | ALBANY            | NY      |      12207 |  | [x]                    |
| SAXONY SECURITIES, INC.                            |                 115547 | None                 | None                       | 11152 S TOWNE SQUARE            |  | ST. LOUIS         | MO      |      63123 |  | [ ]                    |
| WESTPARK CAPITAL, INC.                             |                  39914 | None                 | None                       | 1800 CENTURY PARK EAST          | SUITE 220                 | LOS ANGELES       | CA      |      90067 | All States               | [x]                    |
| AGES FINANCIAL SERVICES, LTD.                      |                  15427 | None                 | None                       | 444 WASHINGTON STREET           | SUITE 407                 | WOBURN            | MA      |      01801 | All States               | [x]                    |
| VENTURE.CO BROKERAGE SERVICES LLC                  |                 173924 | None                 | None                       | 171 BATTERY STREET, FIRST FLOOR |  | BURLINGTON        | VT      |      05401 |  | [ ]                    |

### 13. Offering and Sales Amounts

**Total Offering Amount:** $225,000,000 USD

**Total Amount Sold:** $217,493,542 USD

**Total Remaining to be Sold:** $7,506,458 USD

**Clarification of Response:** The Dealer Manager exercised the Greenshoe option; thus, the total offering amount increased from $150,000,000 to $225,000,000. The offering was terminated on December 31, 2022.

### 14. Investors

Select if securities in the offering have been or may be sold to persons who do not qualify as accredited investors, and enter the number of such non-accredited investors who already have invested in the offering: [ ] Yes [x] No

**Total Number of Investors Already Invested:** 1583

### 15. Sales Commissions & Finder's Fees Expenses

Provide separately the amounts of sales commissions and finders fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.

**Sales Commissions** $14417203 USD

**Finders' Fees** $0 USD

**Clarification of Response (if Necessary):** Of the total, $2,031,767 is designated as a marketing fee.

### 16. Use of Proceeds

Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters: **$203076339 USD**

**Clarification of Response (if necessary):** Proceeds are paid to the Managing General Partner for use in the drilling, completion, and operation of the Issuer's wells.

### Signature and Submission

Please verify the information you have entered and review the Terms of Submission below before signing and clicking SUBMIT below to file this notice.

**Terms of Submission**

In submitting this notice, each issuer named above is:

* Notifying the SEC and/or each State in which this notice is filed of the offering of securities described and undertaking to furnish them, upon written request, in the accordance with applicable law, the information furnished to offerees.

* Irrevocably appointing each of the Secretary of the SEC and, the Securities Administrator or other legally designated
officer of the State in which the issuer maintains its principal place of business and any State in which this notice is
filed, as its agents for service of process, and agreeing that these persons may accept service on its behalf, of any
notice, process or pleading, and further agreeing that such service may be made by registered or certified mail, in any
Federal or state action, administrative proceeding, or arbitration brought against the issuer in any place subject to
the jurisdiction of the United States, if the action, proceeding or arbitration (a) arises out of any activity in
connection with the offering of securities that is the subject of this notice, and (b) is founded, directly or
indirectly, upon the provisions of: (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust
Indenture Act of 1939, the Investment Company Act of 1940, or the Investment Advisers Act of 1940, or any rule or
regulation under any of these statutes, or (ii) the laws of the State in which the issuer maintains its principal place
of business or any State in which this notice is filed.

* Certifying that, if the issuer is claiming a Regulation D exemption for the offering, the issuer is not disqualified from relying on Rule 504 or Rule 506 for one of the reasons stated in Rule 504(b)(3) or Rule 506(d).

Each issuer identified above has read this notice, knows the contents to be true, and has duly caused this notice to be signed on its behalf by the undersigned duly authorized person.

For signature, type in the signer's name or other letters or characters adopted or authorized as the signer's signature.

| Issuer                         | Signature             | Name of Signer    | Title                               | Date       |
|:---|:---|:---|:---|:---|
| MDS 2022-Shale Development, LP | /s/ Michael D. Snyder | Michael D. Snyder | CEO of the Managing General Partner | 2023-01-16 |

*Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.*