Sourcerock Group LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
OKE	ONEOK INC NEW	600,000	$44,100	2.5%	$82.77	-14.9%	CALL	682680103
EXE	EXPAND ENERGY CORPORATION	325,425	$35,914	2.0%	$110.64	0.0%	COM	165167735
KRSP/U	RICE ACQUISITION CORP 3	2,569,384	$26,979	1.5%	$10.50	—	UNIT 99/99/9999	G7553X122
RRC	RANGE RES CORP	689,987	$24,329	1.4%	$37.25	0.0%	COM	75281A109
OVV	OVINTIV INC	474,542	$18,597	1.0%	$38.77	0.0%	COM	69047Q102
LBRT	LIBERTY ENERGY INC	1,002,402	$18,504	1.0%	$16.71	0.0%	COM CL A	53115L104
CHDN	CHURCHILL DOWNS INC	126,789	$14,426	0.8%	$103.46	0.0%	COM	171484108
TLN	TALEN ENERGY CORP	28,000	$10,496	0.6%	$388.68	0.0%	COM	87422Q109
PR	PERMIAN RESOURCES CORP	734,314	$10,302	0.6%	$13.43	0.0%	CLASS A COM	71424F105
NJR	NEW JERSEY RES CORP	190,084	$8,767	0.5%	$45.82	0.0%	COM	646025106
D	DOMINION ENERGY INC	100,000	$5,859	0.3%	$59.76	0.0%	COM	25746U109
KMI	KINDER MORGAN INC DEL	199,989	$5,498	0.3%	$26.91	0.0%	COM	49456B101
NPWR	NET POWER INC	1,496,482	$3,412	0.2%	$3.13	0.0%	COM CL A	64107A105
NEXT	NEXTDECADE CORP	399,979	$2,108	0.1%	$5.96	0.0%	COM	65342K105

Increased Positions (13)

HAL HALLIBURTON CO 5.2%

Value ($000) $93,010 (+237.0%) Shares 3,291,218 (+193.3%) Est. Cost $25.04 Unrealized +5.0%

CENX CENTURY ALUM CO 7.9%

Value ($000) $141,909 (+83.1%) Shares 3,621,984 (+37.2%) Est. Cost $22.65 Unrealized +37.9%

AR ANTERO RESOURCES CORP 17.6%

Value ($000) $315,796 (+20.9%) Shares 9,164,128 (+17.7%) Est. Cost $29.48 Unrealized +14.9%

PUMP PROPETRO HLDG CORP 3.6%

Value ($000) $65,112 (+129.2%) Shares 6,846,650 (+26.3%) Est. Cost $7.69 Unrealized +13.1%

PTEN PATTERSON-UTI ENERGY INC 5.3%

Value ($000) $95,294 (+40.1%) Shares 15,596,390 (+18.8%) Est. Cost $6.93 Unrealized -13.8%

CRC CALIFORNIA RES CORP 10.7%

Value ($000) $191,144 (+13.0%) Shares 4,275,206 (+34.4%) Est. Cost $46.81 Unrealized +0.8%

NE NOBLE CORP PLC 7.7%

Value ($000) $138,610 (+15.3%) Shares 4,908,297 (+15.4%) Est. Cost $29.38 Unrealized -0.5%

CHRD CHORD ENERGY CORPORATION 5.8%

Value ($000) $103,483 (+10.5%) Shares 1,116,320 (+18.4%) Est. Cost $106.94 Unrealized -14.0%

LNT ALLIANT ENERGY CORP 1.1%

Value ($000) $19,469 (+92.5%) Shares 299,473 (+99.6%) Est. Cost $65.36 Unrealized +2.3%

OKE ONEOK INC NEW 3.0%

Value ($000) $54,446 (+16.2%) Shares 740,760 (+15.3%) Est. Cost $82.77 Unrealized -14.9%

ANDE ANDERSONS INC 0.8%

Value ($000) $13,607 (+42.4%) Shares 255,906 (+6.6%) Est. Cost $38.84 Unrealized +25.5%

XEL XCEL ENERGY INC 1.3%

Value ($000) $22,676 (+18.3%) Shares 307,019 (+29.2%) Est. Cost $70.03 Unrealized +11.8%

EE EXCELERATE ENERGY INC 0.6%

Value ($000) $10,889 (+15.2%) Shares 388,200 (+3.5%) Est. Cost $25.23 Unrealized +7.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HAL	HALLIBURTON CO	3,291,218 (+193.3%)	$93,010 (+237.0%)	5.2%	$25.04	+5.0%	COM	406216101
CENX	CENTURY ALUM CO	3,621,984 (+37.2%)	$141,909 (+83.1%)	7.9%	$22.65	+37.9%	COM	156431108
AR	ANTERO RESOURCES CORP	9,164,128 (+17.7%)	$315,796 (+20.9%)	17.6%	$29.48	+14.9%	COM	03674X106
PUMP	PROPETRO HLDG CORP	6,846,650 (+26.3%)	$65,112 (+129.2%)	3.6%	$7.69	+13.1%	COM	74347M108
PTEN	PATTERSON-UTI ENERGY INC	15,596,390 (+18.8%)	$95,294 (+40.1%)	5.3%	$6.93	-13.8%	COM	703481101
CRC	CALIFORNIA RES CORP	4,275,206 (+34.4%)	$191,144 (+13.0%)	10.7%	$46.81	+0.8%	COM STOCK	13057Q305
NE	NOBLE CORP PLC	4,908,297 (+15.4%)	$138,610 (+15.3%)	7.7%	$29.38	-0.5%	ORD SHS A	G65431127
CHRD	CHORD ENERGY CORPORATION	1,116,320 (+18.4%)	$103,483 (+10.5%)	5.8%	$106.94	-14.0%	COM NEW	674215207
LNT	ALLIANT ENERGY CORP	299,473 (+99.6%)	$19,469 (+92.5%)	1.1%	$65.36	+2.3%	COM	018802108
OKE	ONEOK INC NEW	740,760 (+15.3%)	$54,446 (+16.2%)	3.0%	$82.77	-14.9%	COM	682680103
ANDE	ANDERSONS INC	255,906 (+6.6%)	$13,607 (+42.4%)	0.8%	$38.84	+25.5%	COM	034164103
XEL	XCEL ENERGY INC	307,019 (+29.2%)	$22,676 (+18.3%)	1.3%	$70.03	+11.8%	COM	98389B100
EE	EXCELERATE ENERGY INC	388,200 (+3.5%)	$10,889 (+15.2%)	0.6%	$25.23	+7.1%	CL A COM	30069T101

Exited Positions (12)

WFRD WEATHERFORD INTL PLC 2.8%

Value ($000) $49,909 Shares 729,338 Est. Cost $59.40 Unrealized +22.2%

VAL VALARIS LTD 2.4%

Value ($000) $42,928 Shares 880,215 Est. Cost $48.77 Unrealized +10.0%

FLR FLUOR CORP NEW 1.3%

Value ($000) $22,419 Shares 532,896 Est. Cost $39.88 Unrealized +10.9%

GNRC GENERAC HLDGS INC 1.0%

Value ($000) $18,089 Shares 108,061 Est. Cost $175.19 Unrealized -7.9%

TMC TMC THE METALS COMPANY INC 0.9%

Value ($000) $16,135 Shares 2,532,895 Est. Cost $6.00 Unrealized +17.1%

SDRL SEADRILL LTD 0.7%

Value ($000) $11,809 Shares 390,894 Est. Cost $30.46 Unrealized +2.3%

SR SPIRE INC 0.4%

Value ($000) $7,790 Shares 95,562 Est. Cost $68.38 Unrealized —

APA APA CORPORATION 0.4%

Value ($000) $7,284 Shares 300,000 Est. Cost $20.82 Unrealized +15.9%

MDU MDU RES GROUP INC 0.3%

Value ($000) $5,352 Shares 300,483 Est. Cost $16.46 Unrealized +18.9%

IMSR HCM II ACQUISITION CORP 0.2%

Value ($000) $4,232 Shares 257,900 Est. Cost $11.89 Unrealized +12.4%

WTRG ESSENTIAL UTILS INC 0.2%

Value ($000) $3,956 Shares 99,143 Est. Cost $38.12 Unrealized +3.2%

RIG TRANSOCEAN LTD 0.2%

Value ($000) $3,120 Shares 1,000,000 Est. Cost $3.02 Unrealized +28.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WFRD	WEATHERFORD INTL PLC	729,338	$49,909	2.8%	$59.40	+22.2%	—	G48833118
VAL	VALARIS LTD	880,215	$42,928	2.4%	$48.77	+10.0%	—	G9460G101
FLR	FLUOR CORP NEW	532,896	$22,419	1.3%	$39.88	+10.9%	—	343412102
GNRC	GENERAC HLDGS INC	108,061	$18,089	1.0%	$175.19	-7.9%	—	368736104
TMC	TMC THE METALS COMPANY INC	2,532,895	$16,135	0.9%	$6.00	+17.1%	—	87261Y106
SDRL	SEADRILL LTD	390,894	$11,809	0.7%	$30.46	+2.3%	—	G7997W102
SR	SPIRE INC	95,562	$7,790	0.4%	$68.38	—	—	84857L101
APA	APA CORPORATION	300,000	$7,284	0.4%	$20.82	+15.9%	—	03743Q108
MDU	MDU RES GROUP INC	300,483	$5,352	0.3%	$16.46	+18.9%	—	552690109
IMSR	HCM II ACQUISITION CORP	257,900	$4,232	0.2%	$11.89	+12.4%	—	G43658106
WTRG	ESSENTIAL UTILS INC	99,143	$3,956	0.2%	$38.12	+3.2%	—	29670G102
RIG	TRANSOCEAN LTD	1,000,000	$3,120	0.2%	$3.02	+28.7%	—	H8817H100

Decreased Positions (5)

AA ALCOA CORP 0.2%

Value ($000) $2,841 (-92.9%) Shares 53,465 (-95.6%) Est. Cost $37.54 Unrealized +8.9%

TALO TALOS ENERGY INC 6.5%

Value ($000) $116,518 (+13.5%) Shares 10,573,333 (-1.2%) Est. Cost $12.92 Unrealized -19.0%

LNG CHENIERE ENERGY INC 0.5%

Value ($000) $9,720 (-41.8%) Shares 50,000 (-29.6%) Est. Cost $193.77 Unrealized +8.4%

BTU PEABODY ENERGY CORP 3.2%

Value ($000) $57,529 (-9.9%) Shares 1,937,005 (-19.6%) Est. Cost $13.69 Unrealized +114.4%

UGI UGI CORP NEW 1.1%

Value ($000) $18,887 (-20.7%) Shares 504,585 (-29.5%) Est. Cost $27.42 Unrealized +29.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AA	ALCOA CORP	53,465 (-95.6%)	$2,841 (-92.9%)	0.2%	$37.54	+8.9%	COM	013872106
TALO	TALOS ENERGY INC	10,573,333 (-1.2%)	$116,518 (+13.5%)	6.5%	$12.92	-19.0%	COM	87484T108
LNG	CHENIERE ENERGY INC	50,000 (-29.6%)	$9,720 (-41.8%)	0.5%	$193.77	+8.4%	COM NEW	16411R208
BTU	PEABODY ENERGY CORP	1,937,005 (-19.6%)	$57,529 (-9.9%)	3.2%	$13.69	+114.4%	COM	704551100
UGI	UGI CORP NEW	504,585 (-29.5%)	$18,887 (-20.7%)	1.1%	$27.42	+29.2%	COM	902681105

Unchanged Positions (5)

PCG PG&E CORP 2.2%

Value ($000) $39,305 Shares 2,445,867 Est. Cost $16.29 Unrealized -2.3%

GLNG GOLAR LNG LTD 0.3%

Value ($000) $6,233 Shares 167,499 Est. Cost $38.49 Unrealized -1.0%

CMS CMS ENERGY CORP 0.6%

Value ($000) $10,945 Shares 156,508 Est. Cost $70.56 Unrealized +2.7%

SWX SOUTHWEST GAS HLDGS INC 0.9%

Value ($000) $15,951 Shares 199,334 Est. Cost $74.41 Unrealized +7.7%

TRP TC ENERGY CORP 1.1%

Value ($000) $19,009 Shares 345,557 Est. Cost $48.65 Unrealized +9.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PCG	PG&E CORP	2,445,867	$39,305	2.2%	$16.29	-2.3%	COM	69331C108
GLNG	GOLAR LNG LTD	167,499	$6,233	0.3%	$38.49	-1.0%	SHS	G9456A100
CMS	CMS ENERGY CORP	156,508	$10,945	0.6%	$70.56	+2.7%	COM	125896100
SWX	SOUTHWEST GAS HLDGS INC	199,334	$15,951	0.9%	$74.41	+7.7%	COM	844895102
TRP	TC ENERGY CORP	345,557	$19,009	1.1%	$48.65	+9.7%	COM	87807B107