Silver Hill Energy Partners Closes $1.02 Billion Fund
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Silver Hill Energy Partners has closed the franchise’s third partnership and first institutional private equity fund, Silver Hill Energy Partners III, representing total capital commitments of $1.2 billion.
The partnership has formed Silver Hill Energy Partners III, Silver Hill III Midstream, and other regional affiliates, which is focused on the direct acquisition and development of operated onshore oil, natural gas, and related infrastructure assets in premier basins across the U.S.
“Silver Hill is strongly committed to responsible and environmentally-conscious development of energy resources in the United States. Through our direct partnership with like-minded institutional partners, we are uniquely positioned to make rapid decisions as attractive oil and gas assets become available for acquisition,” said Silver Hill Founder, President, and CEO Kyle D. Miller.
“We have a tenured, multi-disciplinary team of leaders who have experience building and managing large-scale oil and gas companies; operating and developing oil and gas assets; and sourcing, evaluating and underwriting oil and gas investments. I particularly want to thank our partners for providing their full support as we continue to grow this strong franchise with Silver Hill III,” added Miller.
Silver Hill Energy Partners was formed in 2011 with a focus on the direct ownership and operation of oil, natural gas and related infrastructure assets. Prior partnerships built, developed, and monetized assets in the Delaware Basin of West Texas. Today, after five upstream acquisitions across the Haynesville Shale and South Texas since August 2021 and significant subsequent development activity, Silver Hill III’s asset portfolio consists of approximately 250 MMcf/d (net) of dry natural gas production from 75 producing wells and approximately 150 gross drilling locations across approximately 30,000 net acres prospective for the Haynesville, Eagle Ford and Austin Chalk formations. Silver Hill III is currently running three operated rigs in the Haynesville Shale and South Texas while its working interest partners operate a fourth rig in the Haynesville. In addition to its upstream activity, Silver Hill III is actively developing meaningful new midstream infrastructure projects in both the Haynesville and South Texas.
About Silver Hill Energy Partners
Silver Hill Energy Partners was founded in 2011 by Kyle D. Miller to provide a long-term vehicle for profitable energy development across the U.S. From 2011 through 2017. Miller and his team assembled what was, at the time, the largest privately held contiguous acreage position in the Delaware Basin of West Texas through multiple operating companies and strategic joint ventures that successfully acquired, developed and ultimately sold large-scale unconventional oil, natural gas and related infrastructure assets. Silver Hill I & II generated strong risk-adjusted returns across cycles for a diversified base of investors, including private equity, institutions and family offices. The formation of Silver Hill III follows the successful merger of Silver Hill I and II’s upstream assets into RSP Permian for $2.5 billion in cash and stock.
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