Bayou Well Holdings Files Ranger Energy Services 13D/A
Ticker: RNGR · Form: SC 13D/A · Filed: Nov 4, 2024 · CIK: 1699039
| Field | Detail |
|---|---|
| Company | Ranger Energy Services, Inc. (RNGR) |
| Form Type | SC 13D/A |
| Filed Date | Nov 4, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, schedule-13d
Related Tickers: RNGR
TL;DR
Bayou Well Holdings & Agees amended their Ranger Energy stake filing. Watch this space.
AI Summary
Bayou Well Holdings Company, LLC, along with Brett T. Agee and Richard E. Agee, have filed an amendment (No. 5) to their Schedule 13D concerning Ranger Energy Services, Inc. The filing, dated November 1, 2024, indicates a change in beneficial ownership of the Class A Common Stock of Ranger Energy Services, Inc. Specific details regarding the nature of the change or the exact percentage of ownership are not provided in this excerpt.
Why It Matters
This filing signals a potential shift in control or significant stake changes in Ranger Energy Services, Inc., which could impact its stock price and strategic direction.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede significant corporate actions or shifts in control, which can introduce volatility.
Key Players & Entities
- Bayou Well Holdings Company, LLC (company) — Filer of Schedule 13D/A
- Brett T. Agee (person) — Group Member
- Richard E. Agee (person) — Group Member
- Ranger Energy Services, Inc. (company) — Subject Company
FAQ
What specific change in beneficial ownership is reported in this Amendment No. 5?
This excerpt does not specify the exact nature or extent of the change in beneficial ownership, only that an amendment has been filed.
Who are the primary entities involved in this filing?
The primary entities are Bayou Well Holdings Company, LLC, Brett T. Agee, Richard E. Agee, and the subject company, Ranger Energy Services, Inc.
What is the CUSIP number for Ranger Energy Services, Inc. Class A Common Stock?
The CUSIP number for Ranger Energy Services, Inc. Class A Common Stock is 75282U 104.
When was the event requiring this filing amendment?
The date of the event which requires filing of this statement is November 1, 2024.
What is the business address and phone number for Bayou Well Holdings Company, LLC?
The business address for Bayou Well Holdings Company, LLC is 800 Gessner Street, Suite 1100, Houston, Texas 77024, and the business phone number is (713) 463-1500.
Filing Stats: 1,636 words · 7 min read · ~5 pages · Grade level 9.6 · Accepted 2024-11-04 17:32:58
Key Financial Figures
- $0.01 — Name of Issuer) CLASS A COMMON STOCK, $0.01 PAR VALUE (Title of Class of Securiti
Filing Documents
- d901575dsc13da.htm (SC 13D/A) — 65KB
- 0001193125-24-250724.txt ( ) — 67KB
of the
Item 4 of the Schedule 13D is hereby supplemented by adding the following: Certain of the CSL Entities engaged in several distributions of shares of Class A Common Stock held directly by them to persons with interests in such entities that resulted in a reduction in the number of shares of Class A Common Stock beneficially owned by the CSL Entities, as reported by them pursuant to the amendment to their Schedule 13D dated May 6, 2024. In addition, Brett Agee was granted awards of Restricted Stock in his capacity as a director of the Issuer. All of the calculated percentage interests below are based on 22,245,212 shares of Class A Common Stock outstanding as of October 23, 2024, as reported by the Issuer. Item5.
of the Schedule 13D is hereby amended and replaced by the following
Item 5 of the Schedule 13D is hereby amended and replaced by the following: (A) Bayou Well Holdings Company, LLC As of the date hereof, Bayou may be deemed the beneficial owner of a total of 6,140,923 shares of Class A Common Stock, constituting approximately 27.6% of the issued and outstanding shares of Class A Common Stock, consisting of the following: 1. 3,526,816 shares of Class A Common Stock held by Charles S. Leykum, CSL Energy Opportunity GP II, LLC, CSL CM GP, LLC, CSL Capital Management, L.P., CSL Energy Opportunities Fund II, L.P. and CSL Energy Opportunities Offshore Fund II, L.P. (the CSL Entities ). 2. 2,614,107 shares of Class A Common Stock owned directly by Bayou. (B) Richard E. Agee As of the date hereof, Richard E. Agee may be deemed the beneficial owner of a total of 6,297,173 shares of Class A Common Stock, constituting approximately 28.3% of the issued and outstanding shares of Class A Common Stock, consisting of the following: 1. With respect to Sole Voting and Dispositive Power, 156,250 shares of Class A Common Stock owned directly by R. Agee. 2. With respect to Shared Voting and Dispositive Power, 2,614,107 shares of Class A Common Stock owned directly by Bayou and 3,526,816 shares of Class A Common Stock controlled by the CSL Entities. 5 (C) Brett T. Agee As of the date hereof, Brett T. Agee may be deemed the beneficial owner of 6,202,828 shares of Class A Common Stock, constituting approximately 27.9% of the issued and outstanding shares of Class A Common Stock, consisting of the following: 1. With respect to Sole Voting Power, 70,850 shares of Class A Common Stock, which includes 61,905 held directly by Brett T. Agee, and 8,945 Shares of Class A Common Stock held as Restricted Stock, which are entitled to vote but not transfer. 2. With respect to Sole Dispositive Power, 61,905 shares of Class A Common Stock owned directly by Brett T. Agee. 3. With respect to Shared Voting and Dispositive Power, 2,614,1
SIGNATURES
SIGNATURES 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. Dated: November 1, 2024 Bayou Well Holdings Company, LLC By: /s/ Brett T. Agee Name: Brett T. Agee Title: President and Chief Executive Officer Richard E. Agee /s/ Richard E. Agee Richard E. Agee Brett T. Agee /s/ Brett T. Agee Brett T. Agee