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Sourcerock Files Schedule 13G Showing 8.4M PUMP Shares

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G

Rhea-AI Filing Summary

Sourcerock Group LLC disclosed ownership of 8,408,391 shares of ProPetro Holding Corp. common stock, representing 8.09% of the class. The filing shows Sourcerock has sole voting and dispositive power over all reported shares, indicating direct control of how the shares are voted and sold. The statement is filed on Schedule 13G with a certification that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing control. The filing identifies Sourcerock as an investment adviser (IA).

Positive

  • Clear disclosure of beneficial ownership: 8,408,391 shares reported
  • Stake size provided: represents 8.09% of ProPetro's common stock
  • Sole voting and dispositive power explicitly stated for all reported shares
  • Certification included confirming shares are held in the ordinary course (Schedule 13G)
  • Power of Attorney referenced (Exhibit 24) and signed by Chief Compliance Officer

Negative

  • None.

Insights

TL;DR: Routine Schedule 13G discloses an 8.09% passive stake with sole voting and dispositive power; material as a sizable minority holding.

The filing reports a meaningful minority position of 8,408,391 shares (8.09%) in ProPetro (PUMP). Sourcerock asserts passive intent by using Schedule 13G and certifying the shares were acquired in the ordinary course, which typically signals no plan to seek control. However, sole voting and dispositive power over the shares means Sourcerock can determine votes and transactions for this block, giving it practical influence over shareholder outcomes despite the passive intent. This is a material ownership disclosure that investors and governance analysts should note.

TL;DR: Filing appears procedurally complete and includes certification and POA; classification as an investment adviser aligns with Schedule 13G usage.

The Schedule 13G includes required elements: issuer identification, CUSIP, reporting person details, exact share counts, percentage of class (8.09%), and a signed certification dated 08/15/2025. A power of attorney is referenced as Exhibit 24 authorizing the signatory. Classification as type "IA" (investment adviser) and filing on Schedule 13G indicates the filer claims passive investment intent, reducing immediate regulatory concern about control transactions. From a compliance perspective, the document contains the standard attestations and disclosures expected for this filing type.






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)






SCHEDULE 13G





SCHEDULE 13G



Sourcerock Group LLC
Signature:Andrew Haley
Name/Title:Chief Compliance Officer
Date:08/15/2025

Comments accompanying signature: Power of Attorney is attached as Exhibit 24 to this Schedule 13G, authorizing Andrew Haley to sign on behalf of Sourcerock Group LLC.

FAQ

How many ProPetro (PUMP) shares does Sourcerock Group LLC own?

Sourcerock Group LLC reports beneficial ownership of 8,408,391 shares of ProPetro common stock.

What percentage of ProPetro does Sourcerock's stake represent?

The filing states the stake represents 8.09% of the outstanding common stock.

Does Sourcerock have voting control over the shares it reports?

Yes. The Schedule 13G reports sole voting power and sole dispositive power for all 8,408,391 shares.

Is this filing a Schedule 13G or 13D and what does that imply?

This is a Schedule 13G filing and the reporter identifies as an investment adviser (IA), indicating the filer claims passive intent rather than an intent to influence control.

Who signed the filing for Sourcerock Group LLC?

The filing is signed by Andrew Haley, Chief Compliance Officer, with a Power of Attorney attached as Exhibit 24.
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