# EDGAR Filing Document

**Accession Number:** 0001693206
**File Stem:** 0001493152-23-004873
**Filing Date:** 2023-2
**Character Count:** 7597
**Document Hash:** 287fe9f63fea8c10f7ca7208cea276be
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-004873.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001493152-23-004873

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEXTIER OILFIELD SOLUTIONS INC.
- **CENTRAL INDEX KEY:** 0001688476
- **STANDARD INDUSTRIAL CLASSIFICATION:** OIL, GAS FIELD SERVICES, NBC [1389]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-90043
- **FILM NUMBER:** 23628870

**BUSINESS ADDRESS:**
- **STREET 1:** 3990 ROGERDALE RD.
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77042
- **BUSINESS PHONE:** 713-325-6000

**MAIL ADDRESS:**
- **STREET 1:** 3990 ROGERDALE RD.
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77042

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Keane Group, Inc.
- **DATE OF NAME CHANGE:** 20161025
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Keane Investor Holdings LLC
- **CENTRAL INDEX KEY:** 0001693206
- **IRS NUMBER:** 352575174
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** 2121 SAGE ROAD, SUITE 370
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77056
- **BUSINESS PHONE:** 713-960-0381

**MAIL ADDRESS:**
- **STREET 1:** 2121 SAGE ROAD, SUITE 370
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77056

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**SCHEDULE 13G**

**Under the Securities Exchange Act of 1934**

**(Amendment No. 3)\***

---

| |
|:---|
| **NEXTIER OILFIELD SOLUTIONS INC.** |
| (Name of Issuer)<br>|
| **COMMON sHARES, $0.01 par value** |
| (Title of Class of Securities)<br>|
| **65290C105** |
| (CUSIP Number)<br>|
| **December 31, 2022** |
| (Date of Event Which Requires Filing of this Statement) |

---

Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

\*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

---

| | |
|:---|:---|
| CUSIP No. 65290C105 | CUSIP No. 65290C105 |
| (1) Names of Reporting Persons | (1) Names of Reporting Persons |
| Keane Investor Holdings LLC | Keane Investor Holdings LLC |
| (2) Check the Appropriate Box if a Member of a Group | (a) ☐ |
|  | (b) ☐ |
| (3) SEC Use Only | (3) SEC Use Only |
| (4) Citizenship or Place of Organization | (4) Citizenship or Place of Organization |
| Delaware | Delaware |
| Number of Shares Beneficially Owned By Each Reporting Person With | Number of Shares Beneficially Owned By Each Reporting Person With |
| (5) Sole Voting Power: | 32,330,828 \* |
| (6) Shared Voting Power: | 0\* |
| (7) Sole Dispositive Power: | 32,330,828 \* |
| (8) Shared Dispositive Power: | 0\* |
| (9) Aggregate Amount Beneficially Owned by Each Reporting Person | (9) Aggregate Amount Beneficially Owned by Each Reporting Person |
| 32,330,828 \* |  |
| (10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) | (10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) |
| ☐ |  |
| (11) Percent of Class Represented by Amount in Row (9) | (11) Percent of Class Represented by Amount in Row (9) |
| 13.2%\* |  |
| (12) Type of Reporting Person (See Instructions) | (12) Type of Reporting Person (See Instructions) |
| HC |  |

---

\* See Item 4 for additional information.

**Item 1(a). Name Of Issuer:**

NexTier Oilfield Solutions Inc., a Delaware corporation (the "<u>Company</u>")

**Item 1(b). Address of Issuer's Principal Executive Offices:**

3990 Rogerdale Rd.

Houston, TX 77042

**Item 2(a). Name of Person Filing:**

Keane Investor Holdings LLC

**Item 2(b). Address of Principal Business Office or, if None, Residence:**

c/o Cerberus Capital Management, L.P.

875 Third Avenue

New York, NY 10022

**Item 2(c). Citizenship:**

Keane Investor Holdings LLC is a limited liability company organized under the laws of the State of Delaware.

**Item 2(d). Title of Class of Securities:**

Common Shares, par value $0.01 per share (the "<u>Shares</u>")

**Item 2(e). CUSIP No.:**

65290C105

**Item 3. If This Statement Is Filed Pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the Person Filing is a:**

Not Applicable.

**Item 4. Ownership:**

As reported in the cover pages to this report, the ownership information with respect to Keane Investor Holdings LLC is as follows:

(a) Amount
 Beneficially Owned: 32,330,828
 \*

(b) Percent
 of Class: 13.2%\*

(c) Number
 of Shares as to which such person has:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) sole
 power to vote or to direct the vote: 32,330,828
 \*

(ii) shared
 power to vote or to direct the vote: 0\*

(iii) sole
 power to dispose or to direct the disposition of: 32,330,828
 \*

(iv) shared
 power to dispose or to direct the disposition of: 0\*

\*Based on the information set forth in the Quarterly Report on Form 10-Q filed by the Company with the Securities and Exchange Commission on October 26, 2022, there were 245,529,851 Shares of the Company outstanding as of October 21, 2022.

Keane Investor Holdings LLC, through one or more intermediate entities, possesses the sole power to vote and the sole power to direct the disposition of all securities of the Company beneficially owned by Keane Investor Holdings LLC. As a result, as of December 31, 2022, Keane Investor Holdings LLC is deemed to beneficially own 32,330,828 Shares, or 13.2% of the Shares deemed issued and outstanding pursuant to Rule 13d-3.

**Item 5. Ownership of Five Percent or Less of a Class:**

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: ☐

**Item 6. Ownership of More Than Five Percent on Behalf of Another Person:**

Not Applicable.

**Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person:**

Not Applicable.

**Item 8. Identification and Classification of Members of the Group:**

Not Applicable.

**Item 9. Notice of Dissolution of Group:**

Not Applicable.

**Item 10. Certification:**

Not Applicable.

**<u>SIGNATURE</u>**

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

February 14, 2023

---

| | |
|:---|:---|
| **KEANE INVESTORS HOLDINGS LLC** | **KEANE INVESTORS HOLDINGS LLC** |
| By: | */s/ Scott Wille* |
| Name: | Scott Wille |
| Title: | Authorized Person of Keane Investor Holdings LLC |

---

**Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)**