Form D · Oil and Gas

MDS 2023-Shale Development, LP

Pittsburgh, PA · CIK 0001975062

Offering snapshot reported Feb 21, 2024 · SEC filing

Reported sold
$176M
Offering amount: $300M
Investors reported
1,237
Form D · investor count
Minimum accepted
$100K
Reported outside-investor minimum
First sale
Jun 3, 2023
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$88.1M$176MJun 8, 2023Aug 14, 2023: $107,506,000.00Aug 14, 2023Aug 21, 2023: $107,506,000.00Sep 13, 2023: $113,980,125.00Nov 21, 2023: $127,337,625.00Nov 21, 2023Feb 21, 2024: $176,263,675.00Feb 21, 2024

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

  • Reported sold$127,337,625 → $176,263,675
  • Reported investors976 → 1,237

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Feb 21, 2024Amendment$176,263,675$48,926,050vs Nov 21, 20231,237SEC filing
Nov 21, 2023Amendment$127,337,625$13,357,500vs Sep 13, 2023976SEC filing
Sep 13, 2023Amendment$113,980,125$6,474,125vs Aug 21, 2023853SEC filing
Aug 21, 2023Amendment$107,506,000$0vs Aug 14, 2023779SEC filing
Aug 14, 2023Amendment$107,506,000No comparison779SEC filing
Jun 8, 2023InitialYet to sellNo comparison0SEC filing

Offering details

Securities
Equity
Exemptions
06c
Duration over one year
No
Business combination
No
Sales commissions
$11.8M
Finders' fees
$0
Form D file number
021-483666
The "Total Offering Amount" assumes the Dealer Manager does not exercise a Greenshoe option. If such option is exercised, the "Total Offering Amount" is $400,000,000.
Of the total sales commissions, $1,614,190 is designated as a marketing fee.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Cabin Securities, Inc.137608
ARETE WEALTH MANAGEMENT, LLC44856
ARKADIOS CAPITAL282710
AUSDAL FINANCIAL PARTNERS, INC.7995
BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC.13609
CAMBRIDGE INVESTMENT RESEARCH, INC.39543
CENTER STREET SECURITIES, INC.26898
CHAUNER SECURITIES, INC.10075
COASTAL EQUITIES, INC.23769
CONCORDE INVESTMENT SERVICES, LLC151604
DEMPSEY LORD SMITH, LLC141238
EMERSON EQUITY LLC130032
G. A. REPPLE & COMPANY17486
GREEN VISTA CAPITAL, LLC293630
IBN FINANCIAL SERVICES, INC.42360
KCD FINANCIAL, INC.127473
MADISON AVENUE SECURITIES, LLC23224
NEWBRIDGE SECURITIES CORPORATION104065
CABOT LODGE SECURITIES LLC159712
CETERA ADVISORS LLC10299
CETERA ADVISOR NETWORKS LLC13572
CETERA FINANCIAL SPECIALISTS LLC10358
CETERA INVESTMENT SERVICES LLC15340
CROWN CAPITAL SECURITIES, L.P.6312
DAI SECURITIES, LLC36673
KINGSWOOD CAPITAL PARTNERS, LLC288898
MHL INVESTMENTS2535
NOBLES & RICHARDS, INC.146870
PATRICK CAPITAL MARKETS, LLC16518
PURSHE KAPLAN STERLING INVESTMENTS35747
SAXONY SECURITIES, INC.115547
GRAMERCY SECURITIES, INC.8177
AEGIS CAPITAL CORP.15007
THE STRATEGIC FINANCIAL ALLIANCE, INC.126514
GREAT POINT CAPITAL LLC114203
AVANTAX INVESTMENT SERVICES, INC.13686

Source: Form D, filed Feb 21, 2024. Minimum accepted may differ from a standard advertised minimum.

Fund connections

No confirmed ADV fund connection is available for this issuer.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
NameReported role
Zachary J. Avi Executive
Heather Farabaugh Executive
Michael S. Knapp Executive
Mds Energy Development, Llc Director, Executive, Promoter
Randall L. Morris Executive
Richard Saadeh Executive
Michael D Snyder Executive, Promoter
Woody Soemantoro Executive

Issuer details

Industry: Oil and Gas (See others in industry)

Address:
603 Stanwix Street Suite 1750
Pittsburgh, PA, 15222