Energy 11, L.P. 10-K Cybersecurity GRC - 2024-03-15

Page last updated on April 22, 2024

Energy 11, L.P. reported their cybersecurity risk management and governance process in a yearly 10-K filed on 2024-03-15 12:53:54 EDT.

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10-K filed on 2024-03-15

Energy 11, L.P. filed an 10-K at 2024-03-15 12:53:54 EDT
Accession Number: 0001185185-24-000246

Item 1C. Cybersecurity.

As a part of its risk management strategy, the Board of Directors of the General Partner is actively engaged in overseeing and reviewing the Partnership’s strategic direction and objectives, taking into account, among other considerations, the Partnership’s risk profile and exposure. Only five individuals are involved in the Partnership’s day-to-day operations, so the Partnership’s direct business operations are limited. Therefore, the Partnership and the General Partner depend on technology systems to operate its business that are operated and managed by third parties. The Partnership has relationships with a number of third-party business partners and operators who have their own procedures and tools to assist with cybersecurity risk management as well as cybersecurity incident containment and recovery efforts.

The Partnership’s cybersecurity risk management program includes consulting with its third parties to monitor the Partnership’s internal and external systems and networks for vulnerabilities, threats and intrusions, and then coordinating a response if a cybersecurity incident is identified. The risk management program also includes facilitating information regarding cybersecurity incidents to the General Partner, so the General Partner can assess necessary action and disclosures.

Cybersecurity Risks

The Partnership has not experienced any material cybersecurity incidents to date that have resulted in an interruption to Partnership operations or otherwise had a material impact on Partnership strategy, financial condition or results of operations. For more information about the cybersecurity risks the Partnership faces, see the risk factor entitled “Cyber-attacks targeting systems and infrastructure used by the oil and gas industry may adversely impact the Partnership’s operations” in Item IA. Risk Factors of this Form 10-K.

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