Energy Resources 12 Announces Asset Sale and Planned Liquidation

The partnership will distribute proceeds and dissolve following the divestiture of its remaining oil and gas interests.

July 15, 2025

Partnership Moves Toward Liquidation

Energy Resources 12 is winding down. On July 14, the partnership shared its plan to sell off the rest of its oil and gas assets and begin the process of liquidation. That announcement went out to limited partners and is now part of its official SEC disclosure.

Details of the Sale

Here’s what’s happening: ER12 has entered into a definitive agreement to sell all of its remaining interests in North Dakota’s Bakken Shale. The deal includes 238 producing wells and comes in at $29.5 million. If everything moves forward as expected, the sale will close in August.

Once the deal closes, ER12 will no longer hold any producing assets. The partnership expects to issue a large liquidating distribution shortly after closing. It will hold back a reserve to cover costs tied to final filings, tax matters, and other wind-down steps. But the majority of proceeds should be in investors’ hands soon after the transaction is finalized.

What to Expect from the Wind-Down

The wind-down won’t happen overnight. ER12 is targeting the first half of 2026 to fully dissolve the partnership. That includes filing its final partnership return and wrapping up all administrative obligations under Delaware law.

Market Timing and Strategy

The sale comes at a time when buyers remain active in the market for mature producing assets. ER12’s move reflects a strategic decision to exit while conditions support a clean and timely monetization of remaining positions.

Next Steps for Investors

• No action is required from limited partners at this time.


• The general partner will follow up with more details on distributions and final reporting.

This final sale and the upcoming dissolution mark the end of ER12’s investment life cycle. What comes next is about returning capital and closing the book on the partnership’s oil and gas operations.