Form D · Oil and Gas

MDS 2025-Shale Development, LP

Pittsburgh, PA · CIK 0002059990

Offering snapshot reported Mar 17, 2026 · SEC filing

Reported sold
$246M
Offering amount: $300M
Investors reported
1,859
Form D · investor count
Minimum accepted
$50K
Reported outside-investor minimum
First sale
Jun 12, 2025
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$123M$246MJan 22, 2026: $232,104,126.00Jan 22, 2026Mar 17, 2026: $246,314,916.00Mar 17, 2026

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$232,104,126 → $246,314,916
  • Reported investors1,753 → 1,859

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Mar 17, 2026Amendment$246,314,916$14,210,790vs Jan 22, 20261,859SEC filing
Jan 22, 2026Amendment$232,104,126No comparison1,753SEC filing
Dec 30, 2025Amendment$232,104,126$88,552,155vs Dec 3, 20251,753SEC filing
Dec 3, 2025Amendment$143,551,971$33,164,250vs Sep 9, 20251,181SEC filing
Sep 9, 2025Amendment$110,387,721No comparison904SEC filing
Jul 16, 2025Amendment$58,112,213No comparison461SEC filing
May 8, 2025InitialYet to sellNo comparison0SEC filing

Offering details

Securities
Equity
Exemptions
06c
Duration over one year
No
Business combination
No
Sales commissions
$16.8M
Finders' fees
$0
Form D file number
021-545579
The Dealer Manager has exercised the Greenshoe Option, increasing the "Total Offering Amount" to $300,000,000.
Includes Sales Commission and Dealer Manager fee.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
REALTA EQUITIES, INC.23769
MML INVESTORS SERVICES, LLC10409
AUSDAL FINANCIAL PARTNERS, INC.7995
INVICTA CAPITAL LLC288101
NEWBRIDGE SECURITIES CORPORATION104065
MHL INVESTMENTS2535
CABIN SECURITIES, INC.137608
COLORADO FINANCIAL SERVICE CORPORATION104343
DAI SECURITIES, LLC36673
KCD FINANCIAL, INC.127473
MADISON AVENUE SECURITIES, LLC23224
EMERSON EQUITY LLC130032
ARKADIOS CAPITAL282710
GREAT POINT CAPITAL LLC114203
GREEN VISTA CAPITAL, LLC293630
G. A. REPPLE & COMPANY17486
CONCORDE INVESTMENT SERVICES, LLC151604
ARETE WEALTH MANAGEMENT, LLC44856
KINGSWOOD CAPITAL PARTNERS, LLC288898
CREATIVEONE SECURITIES, LLC152974
IBN FINANCIAL SERVICES, INC.42360
CAMBRIDGE INVESTMENT RESEARCH, INC.39543
JAMES FOX SECURITIES, INC.43632
PATRICK CAPITAL MARKETS, LLC16518
PURSHE KAPLAN STERLING INVESTMENTS35747
THE STRATEGIC FINANCIAL ALLIANCE, INC.126514
INFINITY FINANCIAL SERVICES144302
CHAUNER SECURITIES, INC.10075
ALEXANDER CAPITAL, L.P.40077
CABOT LODGE SECURITIES LLC159712
WORLD EQUITY GROUP, INC.29087
CETERA ADVISORS LLC10299
CETERA FINANCIAL SPECIALISTS LLC10358
CETERA INVESTMENT SERVICES LLC15340
CETERA WEALTH SERVICES, LLC13572
TRUSTMONT FINANCIAL GROUP, INC.18312
METRIC FINANCIAL LLC33324
VISTIA CAPITAL, LLC311342
BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC.13609
TCFG WEALTH MANAGEMENT, LLC164153
WORLD INVESTMENTS, LLC20626

Source: Form D, filed Mar 17, 2026. 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
Heather A. Rogerson 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