Bayou Well Holdings Amends Ranger Energy Stake Filing

TL;DR

Bayou Well Holdings & Agees updated their Ranger Energy stake filing (13D/A #6).

AI Summary

Bayou Well Holdings Company, LLC, along with Brett T. Agee and Richard E. Agee, filed an amendment (No. 6) to their Schedule 13D on December 4, 2024, regarding their beneficial ownership of Ranger Energy Services, Inc. The filing indicates a change in the reporting of beneficial ownership, with Bayou Well Holdings Company, LLC now listed as the primary filer.

Why It Matters

This amendment signals a potential shift in control or strategy for Ranger Energy Services, Inc., as major shareholders update their beneficial ownership disclosures.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in significant shareholder positions, which can lead to increased volatility or strategic shifts in the company.

Key Players & Entities

• Bayou Well Holdings Company, LLC (company) — Primary filer of Schedule 13D/A amendment
• Brett T. Agee (person) — Group member in Schedule 13D/A filing
• Richard E. Agee (person) — Group member in Schedule 13D/A filing
• Ranger Energy Services, Inc. (company) — Subject company of the filing

FAQ

Key Financial Figures

• $0.01 — Name of Issuer) CLASS A COMMON STOCK, $0.01 PAR VALUE (Title of Class of Securiti

Filing Documents

• d893196dsc13da.htm (SC 13D/A) — 70KB
• 0001193125-24-270926.txt ( ) — 72KB

is amended and supplemented by inserting the following paragraph after the final paragraph thereof

Item 4 is amended and supplemented by inserting the following paragraph after the final paragraph thereof: On September 10, 2021, Bayou entered into (i) the Tax Receivable Termination and Settlement Agreement, by and among the Issuer, CSL Capital Management, LLC, as agent, Ranger Energy Holdings, LLC, a Delaware limited liability company ( Ranger Holdings ), Torrent Energy Holdings, LLC, a Delaware limited liability company ( Torrent Holdings ), CSL Energy Opportunities Fund II, L.P., a Delaware limited partnership, CSL Fund II Preferred Holdings LLC, a Delaware limited liability company, and Bayou and (ii) the Voting Agreement, by and among the Issuer, Ranger Holdings, Ranger Energy Holdings II, LLC, a Delaware limited liability company, Torrent Holdings, Torrent Energy Holdings II, LLC, a Delaware limited liability company, CSL Energy Holdings I, LLC, a Delaware limited liability company, CSL Fund II Preferred Holdings LLC and Bayou (together, the Termination Transaction ). Pursuant to the Termination Transaction, as of such date, the Reporting Persons no longer share voting or dispositive powers with the CSL Entities. In addition, the information provided in Item 2 of this Schedule 13D is hereby incorporated by reference herein. Item5. Interest in Securities of the Issuer

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 2,114,107 shares of Class A Common Stock, constituting approximately 9.5% of the issued and outstanding shares of Class A Common Stock, consisting of 2,114,107 shares of Class A Common Stock owned directly by Bayou. 5 (B) Richard E. Agee As of the date hereof, Richard E. Agee may be deemed the beneficial owner of a total of 2,252,038 shares of Class A Common Stock, constituting approximately 10.1% of the issued and outstanding shares of Class A Common Stock, consisting of the following: 1. With respect to Sole Voting and Dispositive Power, 137,931 shares of Class A Common Stock owned directly by R. Agee. 2. With respect to Shared Voting and Dispositive Power, 2,114,107 shares of Class A Common Stock owned directly by Bayou. (C) Annex A attached hereto lists all transactions in Class A Common Stock, since Amendment No. 5 to the Schedule 13D was filed on November 4, 2024, by the Reporting Persons or on behalf of the Reporting Persons. The transactions in Class A Common Stock set forth on Annex A were effected in the open market through a broker. Item6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer The information provided or incorporated by reference in Item 4 of this Schedule 13D is hereby incorporated by reference herein. 6

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: December 4, 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 ANNEX A TRANSACTIONS The following table sets forth a list of all transactions in the Class A Common Stock, since Amendment No. 5 to the Schedule 13D was filed on November 4, 2024, by the Reporting Persons or on behalf of the Reporting Persons, inclusive of any transactions effected through 4:00 p.m., New York City time, on the date hereof. Date Effected By Nature of Transaction Quantity Average Price 11/21/2024 Brett T. Agee Open Market Sale 61,905 $ 16.6726 11/21/2024 Bayou Open Market Sale 76,464 $ 16.8033 11/25/2024 Bayou Open Market Sale 91,488 $ 16.6754 11/25/2024 Richard E. Agee Open Market Sale 18,319 $ 16.9094 11/26/2024 Bayou Open Market Sale 87,255 $ 16.658 11/27/2024 Bayou Open Market Sale 8,236 $ 16.7279 11/29/2024 Bayou Open Market Sale 27,870 $ 16.5196 12/02/2024 Bayou Open Market Sale 100,000 $ 16.604 12/03/2024 Bayou Open Market Sale 108,687 $ 16.9363

View Full Filing

View this SC 13D/A filing on SEC EDGAR