Filing Details

Accession Number:
0001193125-19-076852
Form Type:
13G Filing
Publication Date:
2019-03-15 17:01:03
Filed By:
Magnolia Oil & Gas Corp
Company:
Gulf Coast Ultra Deep Royalty Trust (NASDAQ:GULTU)
Filing Date:
2019-03-15
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Highlander Oil Gas Assets 0 31,143,150 0 31,143,150 31,143,150 13.5%
Magnolia Oil Gas Corporation 0 31,143,150 0 31,143,150 31,143,150 13.5%
Filing

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.     )*

 

 

Gulf Coast Ultra Deep Royalty Trust

(Name of Issuer)

Royalty Trust Units

(Title of Class of Securities)

40222T104

(CUSIP Number)

February 5, 2019

(Date of Event Which Requires Filing of This Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d1(b)

☒ Rule 13d1(c)

☐ Rule 13d1(d)

 

*

The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. 40222T104

 

  1   

Name of Reporting Person

 

Highlander Oil & Gas Assets LLC

  2    

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐        (b)  ☒

 

  3  

SEC Use Only

 

    

  4  

Citizenship or Place of Organization

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5      

Sole Voting Power

 

0

   6     

Shared Voting Power

 

31,143,150

   7     

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

31,143,150

  9    

Aggregate Amount Beneficially Owned by Each Reporting Person

 

31,143,150

10  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ☐

 

    

11  

Percent of Class Represented by Amount in Row (9)

 

13.5%(1)

12  

Type of Reporting Person (See Instructions)

 

OO

 

(1)

Based on 230,172,696 Royalty Trust Units outstanding, as reported on the Issuers Form 10-Q filed on November 8, 2018.


CUSIP No. 40222T104

 

  1   

Name of Reporting Person

 

Magnolia Oil & Gas Corporation

  2  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐        (b)  ☒

 

  3    

SEC Use Only

 

    

  4  

Citizenship or Place of Organization

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5      

Sole Voting Power

 

0

   6   

Shared Voting Power

 

31,143,150

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

31,143,150

  9    

Aggregate Amount Beneficially Owned by Each Reporting Person

 

31,143,150(1)

10  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ☐

 

    

11  

Percent of Class Represented by Amount in Row (9)

 

13.5%(2)

12  

Type of Reporting Person (See Instructions)

 

CO

 

(1)

Magnolia Oil & Gas Corporation (Magnolia) may be deemed to have beneficial ownership over 31,143,150 Royalty Trust Units (the Royalty Trust Units). Such Royalty Trust Units are held by Highlander Oil & Gas Assets LLC, which is a wholly-owned subsidiary of Highlander Oil & Gas Holdings LLC. MGY Louisiana LLC holds approximately 85% of the units in Highlander Oil & Gas Holdings LLC. MGY Louisiana LLC is a wholly-owned subsidiary of Magnolia Oil & Gas Operating LLC, which is a wholly-owned subsidiary of Magnolia Oil & Gas Intermediate LLC, which is a wholly-owned subsidiary of Magnolia Oil & Gas Parent LLC, whose managing member is Magnolia. Magnolia disclaims its beneficial ownership of such Royalty Trust Units except to the extent of its pecuniary interest therein.

(2)

Based on 230,172,696 Royalty Trust Units outstanding, as reported on the Issuers Form 10-Q filed on November 8, 2018.


Item 1(a).

Name of issuer:

Gulf Coast Ultra Deep Royalty Trust

 

Item 1(b).

Address of issuers principal executive offices:

The Bank of New York Mellon Trust Company, N.A., as trustee, Institutional Trust Services, 919 Congress Avenue, Suite 500, Austin, Texas 78701

 

Item 2(a).

Names of persons filing:

1. Highlander Oil & Gas Assets LLC (Highlander Assets)

2. Magnolia Oil & Gas Corporation (Magnolia)

 

Item 2(b).

Address or principal business office or, if none, residence of each Reporting Person is:

Highlander Assets, Nine Greenway Plaza, Suite 1400, Houston, TX 77046

Magnolia, Nine Greenway Plaza, Suite 1300, Houston, TX 77046

 

Item 2(c).

Citizenship:

1. Highlander Assets, a Delaware limited liability company

2. Magnolia, a Delaware corporation

 

Item 2(d).

Title of class of securities:

Royalty Trust Units

 

Item 2(e).

CUSIP number:

40222T104

 

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

Not applicable.

 

Item 4.

Ownership

The information in items 1 through 11 on the cover pages to this Schedule 13G is incorporated by reference.

 

Item 5.

Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following  ☐.

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

Not applicable.


Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

The information in items 1 through 11 on the cover pages to this Schedule 13G, including the notes thereto, is incorporated by reference.

 

Item 8.

Identification and Classification of Members of the Group

Not applicable.

 

Item 9.

Notice of Dissolution of Group

Not applicable.

 

Item 10.

Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.


SIGNATURES

After reasonable inquiry and to the best of each of the undersigneds knowledge and belief, each of the undersigned hereby certifies that the information set forth in this Statement is true, complete and correct.

Date: March 15, 2019

 

HIGHLANDER OIL & GAS ASSETS LLC
By:  

/s/ Jordan Benningfield

Name:   Jordan Benningfield
Title:   Authorized Person of Highlander Oil & Gas Holdings LLC, sole member

 

MAGNOLIA OIL & GAS CORPORATION
By:  

/s/ Timothy D. Yang

Name:   Timothy D. Yang
Title:   Executive Vice President, General Counsel and Corporate Secretary