# EDGAR Filing Document

**Accession Number:** 0001696088
**File Stem:** 0001437749-25-035029
**Filing Date:** 2025-11
**Character Count:** 11167
**Document Hash:** 26103b5f30ddf38e417be6da2b41e044
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-25-035029.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001437749-25-035029

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20251114

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**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:** 251482151

**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'? eres20250910_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): **November 14, 2025**

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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. is filing this report in accordance with Item 8.01 of Form 8-K.

**Item 8.01** – **Other Events**

On November 14, 2025, 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 | [<u>Letter to Limited Partners, dated November 14, 2025</u>](ex_860501.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: November 14, 2025

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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)

November 14, 2025

Dear Partner:

We last communicated to our Energy Resources 12, L.P. (the "Partnership", "ER12", "we", "our" or "us") limited partners in July 2025, so we wanted to provide another update on recent Partnership events.

I Currently outstanding indebtedness:

In August 2025, we worked with our lender to extend the maturity date to March 1, 2027. After a $0.6 million principal payment in September, our credit facility has an outstanding balance of approximately $5.8 million and remains collateralized by the Partnership's assets.

II Recently proposed new drilling:

In October and November 2025, our operators have proposed to drill 12 new wells on our highly-coveted Williston Basin acreage, including six (6) new wells of which we have an average approximate 14% working interest (compared to the approximate 5% average working interest for our entire portfolio). Drilling and completing these six wells are critical to increase our daily oil and natural gas production. This drilling program has already commenced 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.

III Update on monthly distributions:

We are committed to conserving our cash on-hand and our credit facility availability to ensure we can pay for the capital commitments related to the new well proposals. Limited partner monthly distributions remain suspended and will continue to be during this drilling program and until the credit facility is repaid. We are committed to resume the limited partner distributions as soon as we can, but we do not anticipate any distributions before, at least, the second quarter of 2026. 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 October 2025 is now approximately $4.9 million, or $0.44 per common unit. 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.

IV The future outlook:

Despite lower oil market prices during the third quarter, we remained cash-flow positive. Now, with the new drilling program, we are excited and optimistic about ER12 as we prepare to close out 2025 and head into 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.