M&A - Boaz Energy II, LLC

Form Type: SCHEDULE 13D/A

Filing Date: 2025-04-01

Corporate Action: Acquisition

Type: Update

Accession Number: 000110465925030545

Filing Summary: On March 31, 2025, Boaz Energy II, LLC and its wholly-owned subsidiary, Boaz Energy II Royalty, LLC, sold 4,884,861 Trust Units to T2S Permian Acquisition II LLC as part of a Purchase and Sale Agreement dated January 10, 2025. This transaction results in Boaz Energy no longer holding any Trust Units, thereby causing the Reporting Persons—Marshall Eves and Karan Eves—to cease being beneficial owners of more than five percent of the outstanding Trust Units. As a consequence, this filing is considered an exit filing and is the final amendment to the Schedule 13D originally filed on May 14, 2018. Marshall Eves and Karan Eves continue to own 4,400 Trust Units each directly, and may be deemed to indirectly own Trust Units held by one another due to their marital status.

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Form Type: SCHEDULE 13D/A

Filing Date: 2025-01-14

Corporate Action: Acquisition

Type: Update

Accession Number: 000110465925003295

Filing Summary: On January 10, 2025, Boaz Energy II, LLC entered into a Purchase and Sale Agreement with T2S Permian Acquisition II LLC, agreeing to sell 4,884,861 Trust Units of PermRock Royalty Trust and certain other oil and gas properties. The transaction will see T2S Permian Acquisition II LLC pay Boaz Energy a total of $12,102,500 in cash for the assets. Following the sale, Boaz Energy will no longer own any Trust Units, though individuals Marshall Eves and Karan Eves will each retain ownership of 4,400 Trust Units. The agreement includes various conditions for closing, including the absence of legal impediments and maintaining the oil property values within a specified range. Both parties have customary obligations and rights under the agreement, including termination rights if the closing does not occur by April 30, 2025. This amendment updates previous filings and incorporates all relevant changes.

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