Filing Details

Accession Number:
0001193125-22-284616
Form Type:
13G Filing
Publication Date:
2022-11-13 19:00:00
Filed By:
Lime Rock Partners Viii, L.p.
Company:
Propetro Holding Corp. (NASDAQ:PUMP)
Filing Date:
2022-11-14
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
New SCS Spur Holdco 0 10,116,888 0 10,116,888 10,116,888 8.8%
SCS Spur 0 10,116,888 0 10,116,888 10,116,888 8.8%
LR-Permian Wireline Holdings 0 10,116,888 0 10,116,888 10,116,888 8.8%
Lime Rock Partners VIII 0 10,116,888 0 10,116,888 10,116,888 8.8%
Lime Rock Partners GP VIII 0 10,116,888 0 10,116,888 10,116,888 8.8%
LRP GP VIII, Inc 0 10,116,888 0 10,116,888 10,116,888 8.8%
Filing

 

 

Securities and Exchange Commission

Washington, D.C. 20549

 

 

Schedule 13G

(Rule 13d-102)

Information to be Included in Statements Filed Pursuant

to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed

Pursuant to § 240.13d-2

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No.    )*

 

 

ProPetro Holding Corp.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

74347M108

(CUSIP Number)

November 1, 2022

(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 13d-1(b)

 

Rule 13d-1(c)

 

Rule 13d-1(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 the disclosures provided in a prior cover page.

The information required in 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. 74347M108    Schedule 13G    Page 1 of 11

 

  1    

  Names of Reporting Persons

 

  New SCS Spur Holdco, LLC

  2  

Check the Appropriate Box if a Member of a Group

 

  (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

 

  10,116,888

   7   

  Sole Dispositive Power

 

  0

   8   

  Shared Dispositive Power

 

  10,116,888

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  10,116,888

10  

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

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  8.8%

12  

  Type of Reporting Person

 

  OO


CUSIP No. 74347M108    Schedule 13G    Page 2 of 11

 

  1    

  Names of Reporting Persons

 

  SCS Spur, LLC

  2  

Check the Appropriate Box if a Member of a Group

 

  (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

 

  10,116,888

   7   

  Sole Dispositive Power

 

  0

   8   

  Shared Dispositive Power

 

  10,116,888

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  10,116,888

10  

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

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  8.8%

12  

  Type of Reporting Person

 

  OO


CUSIP No. 74347M108    Schedule 13G    Page 3 of 11

 

  1    

  Names of Reporting Persons

 

  LR-Permian Wireline Holdings, L.P.

  2  

Check the Appropriate Box if a Member of a Group

 

  (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

 

  10,116,888

   7   

  Sole Dispositive Power

 

  0

   8   

  Shared Dispositive Power

 

  10,116,888

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  10,116,888

10  

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

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  8.8%

12  

  Type of Reporting Person

 

  PN


CUSIP No. 74347M108    Schedule 13G    Page 4 of 11

 

  1    

  Names of Reporting Persons

 

  Lime Rock Partners VIII, L.P.

  2  

Check the Appropriate Box if a Member of a Group

 

  (a)  ☐        (b)  ☐

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Cayman Islands

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5     

  Sole Voting Power

 

  0

   6   

  Shared Voting Power

 

  10,116,888

   7   

  Sole Dispositive Power

 

  0

   8   

  Shared Dispositive Power

 

  10,116,888

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  10,116,888

10  

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

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  8.8%

12  

  Type of Reporting Person

 

  PN


CUSIP No. 74347M108    Schedule 13G    Page 5 of 11

 

  1    

  Names of Reporting Persons

 

  Lime Rock Partners GP VIII, L.P.

  2  

Check the Appropriate Box if a Member of a Group

 

  (a)  ☐        (b)  ☐

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Cayman Islands

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5     

  Sole Voting Power

 

  0

   6   

  Shared Voting Power

 

  10,116,888

   7   

  Sole Dispositive Power

 

  0

   8   

  Shared Dispositive Power

 

  10,116,888

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  10,116,888

10  

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

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  8.8%

12  

  Type of Reporting Person

 

  PN


CUSIP No. 74347M108    Schedule 13G    Page 6 of 11

 

  1    

  Names of Reporting Persons

 

  LRP GP VIII, Inc.

  2  

Check the Appropriate Box if a Member of a Group

 

  (a)  ☐        (b)  ☐

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Cayman Islands

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5     

  Sole Voting Power

 

  0

   6   

  Shared Voting Power

 

  10,116,888

   7   

  Sole Dispositive Power

 

  0

   8   

  Shared Dispositive Power

 

  10,116,888

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  10,116,888

10  

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

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  8.8%

12  

  Type of Reporting Person

 

  CO


CUSIP No. 74347M108    Schedule 13G    Page 7 of 11

 

ITEM 1.   (a)    Name of Issuer:
    

ProPetro Holding Corp. (the Issuer).

  (b)    Address of Issuers Principal Executive Offices:
    

1706 S. Midkiff

    

Midland, Texas, 79701

ITEM 2.   (a)    Name of Person Filing:
    

Each of the following is hereinafter individually referred to as a Reporting Person and collectively as the Reporting Persons. This statement is filed on behalf of:

    

New SCS Spur Holdco, LLC (Spur Holdco),

    

SCS Spur, LLC (SCS Spur),

    

LR-Permian Wireline Holdings, L.P.,

    

Lime Rock Partners VIII, L.P. (LRP VIII),

    

Lime Rock Partners GP VIII, L.P., and

    

LRP GP VIII, Inc. (GP Inc. VIII).

  (b)    Address or Principal Business Office:
    

The principal business address of the Reporting Persons is 1111 Bagby Street, Suite 4600, Houston, TX 77002.

  (c)    Citizenship of each Reporting Person is:
    

Each of Spur Holdco, SCS Spur and LR-Permian Wireline Holdings, L.P. is organized under the laws of the State of Delaware. Each of the other Reporting Persons is organized under the laws of the Cayman Islands.

  (d)    Title of Class of Securities:
    

Common stock (Common Stock).

  (e)    CUSIP Number:
    

74347M108

ITEM 3.     
  Not applicable.

CUSIP No. 74347M108    Schedule 13G    Page 8 of 11

 

ITEM 4.      Ownership.
     (a-c)

The ownership information presented below represents the number of shares of Common Stock over which each Reporting Person has sole or shared voting or dispositive power as of November 1, 2022, based upon 114,554,085 shares of Common Stock outstanding as of November 1, 2022 as reported in the Issuers registration statement on Form S-3 filed with the Securities and Exchange Commission on November 4, 2022.

 

Reporting Person   

Amount

beneficially

owned

    

Percent

of class:

    Sole
power
to vote
or to
direct
the vote:
     Shared
power to
vote or to
direct the
vote:
    

Sole
power to
dispose or
to direct
the
disposition

of:

    

Shared

power to

dispose or

to direct

the

disposition

of:

 

New SCS Spur Holdco, LLC

     10,116,888        8.8     0        10,116,888        0        10,116,888  

SCS Spur, LLC

     10,116,888        8.8     0        10,116,888        0        10,116,888  

LR-Permian Wireline Holdings, L.P.

     10,116,888        8.8     0        10,116,888        0        10,116,888  

Lime Rock Partners VIII, L.P.

     10,116,888        8.8     0        10,116,888        0        10,116,888  

Lime Rock Partners GP VIII, L.P.

     10,116,888        8.8     0        10,116,888        0        10,116,888  

LRP GP VIII, Inc.

     10,116,888        8.8     0        10,116,888        0        10,116,888  

Spur Holdco is the record holder of the shares of Common Stock reported herein.

Spur Holdco is a wholly owned subsidiary of SCS Spur. LRP VIII is the general partner of LR-Permian Wireline Holdings, L.P., which owns a majority of the equity interests of SCS Spur and has the ability to control voting and investment decisions by SCS Spur. GP Inc. VIII is the general partner of GP LRP VIII, which is the general partner of LRP VIII. GP Inc. VIII is managed by its board of directors, consisting of John Reynolds, Jonathan Farber and J. McLane. As a result of these relationships, each of the foregoing entities and individuals may be deemed to share beneficial ownership of the securities held directly by Spur Holdco, however, each of Messrs. Reynolds, Farber and McLane disclaim any such beneficial ownership.

 

ITEM 5.

Ownership of Five Percent or Less of a Class.

Not applicable.

 

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.

Not applicable.


CUSIP No. 74347M108    Schedule 13G    Page 9 of 11

 

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.


CUSIP No. 74347M108    Schedule 13G    Page 10 of 11

 

SIGNATURE

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.

Date: November 14, 2022

 

New SCS Spur Holdco, LLC
By:  

/s/ Greg Highberger

Name:   Greg Highberger
Title:   Managing Member
SCS Spur, LLC
By:  

/s/ Greg Highberger

Name:   Greg Highberger
Title:   Managing Member
LR-Permian Wireline Holdings, L.P.
By:  

/s/ Greg Highberger

Name:   Greg Highberger
Title:   Managing Member
Lime Rock Partners VIII, L.P.
By:  

/s/ Susan Oswald

Name:   Susan Oswald
Title:   Chief Financial Officer
Lime Rock Partners GP VIII, L.P.
By:  

/s/ Susan Oswald

Name:   Susan Oswald
Title:   Chief Financial Officer
LRP GP VIII, Inc.
By:  

/s/ Susan Oswald

Name:   Susan Oswald
Title:   Chief Financial Officer

CUSIP No. 74347M108    Schedule 13G    Page 11 of 11

 

LIST OF EXHIBITS

 

Exhibit No.

  

Description

99    Joint Filing Agreement.