# EDGAR Filing Document

**Accession Number:** 0001696088
**File Stem:** 0001437749-26-002493
**Filing Date:** 2026-1
**Character Count:** 12132
**Document Hash:** f329e876616f80a7382adf5668daa87e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-26-002493.hdr.sgml**: 20260130

**ACCESSION NUMBER**: 0001437749-26-002493

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20260130

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260130

**DATE AS OF CHANGE**: 20260130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ENERGY RESOURCES 12, L.P.
- **CENTRAL INDEX KEY:** 0001696088
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 814805237
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-55916
- **FILM NUMBER:** 26581061

**BUSINESS ADDRESS:**
- **STREET 1:** 814 EAST MAIN ST.
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23219
- **BUSINESS PHONE:** (804)344-8121

**MAIL ADDRESS:**
- **STREET 1:** 814 EAST MAIN ST.
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23219

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Sundance Energy, L.P.
- **DATE OF NAME CHANGE:** 20170126

?xml version='1.0' encoding='ASCII'? eres20260129_8k.htm

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**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

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**FORM 8-K**

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**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **January 30, 2026**

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| |
|:---|
| **<u>ENERGY RESOURCES 12, L.P.</u>** |
| (Exact name of registrant as specified in its charter) |

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| | | |
|:---|:---|:---|
| **Delaware** | **000-55916** | **81-4805237** |
| (State or other jurisdiction of | (Commission File Number) | (IRS Employer |
| incorporation) |  | Identification No.) |

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| | |
|:---|:---|
| **120 W 3rd Street, Suite 220**<br> **Fort Worth, Texas** | **76102** |
| (Address of principal executive offices) | (Zip Code) |

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Registrant's telephone number, including area code: **<u>(817) 882-9192</u>**

**Not Applicable**

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(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:** 

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol** | **Name of each exchange on which registered** |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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Energy Resources 12, L.P. (the "Partnership") is filing this report in accordance with Item 8.01 of Form 8-K.

**Item 8.01** – **Other Events**

On January 30, 2026, the Partnership issued a letter to the holders of limited partner interest in the Partnership as of that date. The letter is attached as Exhibit 99.1 to this Current Report on Form 8-K.

**Item 9.01** – **Financial Statements and Exhibits**

(d) The following exhibits are being filed herewith:

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| | |
|:---|:---|
| **EXHIBIT**<br> **NUMBER** | **Description Of Exhibit** |
| 99.1 | [Letter to Limited Partners, dated January 30, 2026](ex_913803.htm) |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: January 30, 2026

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| | |
|:---|:---|
| **ENERGY RESOURCES 12, L.P.** | **ENERGY RESOURCES 12, L.P.** |
| By: | /s/ David S. McKenney  |
|  | David S. McKenney |
|  | Chief Financial Officer of Energy Resources 12 GP, LLC |

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## Exhibit 99.1

**Exhibit 99.1**

![image01.jpg](image01.jpg)

January 30, 2026

Dear Partner:

We are pleased to provide an update about Energy Resources 12, L.P. (the "Partnership", "ER12", "we", "our" or "us").

Over the last year, we have evaluated the potential for a liquidation of our assets in North Dakota via several options. During the same period, the market price for oil has significantly decreased – down nearly 20% from January 2025 to January 2026. With the uncertainty of oil markets along with the recent global events that directly add volatility to the market, we feel the best way to maximize value for our limited partners is to continue to hold our assets.

Each January, we assist David Lerner Associates and its trustee (RBC) with their FINRA requirements by calculating an estimated per unit value of the Partnership. The per unit value as of December 31, 2025 (as seen on your January statement) decreased from $10.90 to $8.26. This change is primarily the result of lower oil prices as of the date of analysis, which dropped from approximately $70 per barrel of oil at the end of December 2024 to approximately $57 per barrel of oil at the end of December 2025. Because valuations change daily based on market pricing (oil prices exceeded $65 per barrel at the date of this letter), the per unit value does not necessarily reflect a per unit value we could receive upon liquidation of our assets.

Our operators proposed to drill 12 new wells on our highly-coveted Williston Basin acreage during the fourth quarter of 2025. Progress continues on these wells and based on the best information received from our operators, these wells should be producing by the first quarter of 2026. Our proportionate share of the drilling and completion capital costs for these 12 wells is approximately $9 million. We remain committed to conserving our cash on-hand and credit facility availability to ensure we can pay for the drilling and completion costs of the new wells.

Limited partner monthly distributions remain suspended and will continue to be during this drilling program and until the credit facility is repaid. The Partnership will accumulate unpaid distributions at an annualized return of seven percent, and all accumulated distributions are required to be paid before final Payout occurs, as defined in the Partnership's limited partnership agreement. The accumulated unpaid distributions total for the period July 2025 through January 2026 is approximately $8.4 million, or $0.76 per common unit. We paid distributions of approximately $0.64 per common unit, or $7.1 million, in 2025. Since the inception of the ER12 program, we have paid approximately $122 million in distributions, or up to $12.49 per common unit, to our limited partners.

The Partnership is preparing our 2025 annual report, which we plan to file in mid-March. We continue to pay taxes on behalf of limited partners (as required by the state of North Dakota), so we intend to make a payment for tax year 2025 in early April. We paid approximately $125,000 (about $0.011 per common unit) in withholding taxes on behalf of the limited partners in April 2025 for the 2024 tax year. Your proportionate share of the 2024 tax payment will be reflected in the K-1 tax forms you receive from us, which we anticipate will be available to limited partners by mid-March as well. Please continue to consult with your tax advisor when reviewing your K-1s.

Despite lower oil market prices, we continue to operate cash-flow positive. We look forward to the completion of the new wells, which will boost our production to start 2026. If you have questions regarding the status of your investment, please contact your Investment Counselor at David Lerner Associates, Inc. We also encourage you to review all the Partnership's filings with the SEC, which are available online at *www.energyresources12.com or www.sec.gov.*

Thank you for your continued support of this investment.

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| |
|:---|
| Sincerely |
| ![image02.jpg](image02.jpg) |
| Glade M. Knight |
| Chairman and Chief Executive Officer |
| Energy Resources 12 GP, LLC |

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**Forward-Looking Statements**

Certain statements contained in this letter other than historical facts may be considered forward-looking statements. These forward-looking statements are predictions and generally can be identified by use of statements that include phrases such as "may," "believe," "expect," "anticipate," "intend," "estimate," "project," "target," "goal," "plan," "should," "will," "predict," "potential," and similar expressions that convey the uncertainty of future events or outcomes. Such statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the Partnership to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.

Such additional factors include, but are not limited to, that the Partnership's development of its oil and natural gas properties may not be successful or that its operations on such properties may not be successful; general economic, market, or business conditions; changes in laws or regulations; the risk that the wells in which the Partnership acquired an interest are productive, but do not produce enough revenue to return the investment made; the risk that the wells the Partnership drills do not find hydrocarbons in commercial quantities or, even if commercial quantities are encountered, that actual production is lower than expected on the productive life of wells is shorter than expected; current credit market conditions and the Partnership's ability to obtain long-term financing for its property acquisitions and drilling activities in a timely manner and on terms that are consistent with what the Partnership projects when it invests in a property; uncertainties concerning the price of oil and natural gas, which may decrease and remain low for prolonged periods; and the risk that any hedging policy the Partnership employs to reduce the effects of changes in the prices of its production will not be effective.

Although the Partnership believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore there can be no assurance that such statements included in this letter will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Partnership or any other person that the results or conditions described in such statements or the objectives and plans of the Partnership will be achieved. Readers should carefully review the Partnership's financial statements and the notes thereto, as well as the risk factors described in the Partnership's filings with the SEC, including, but not limited to, in the section entitled "Item 1A. Risk Factors" in the Annual Report on Form 10-K filed by the Partnership with the SEC on March 26, 2025. Any forward-looking statement that the Partnership makes speaks only as of the date of this letter, and the Partnership undertakes no obligation to publicly update or revise any forward-looking statements or cautionary factors, as a result of new information, future events, or otherwise, except as required by law.