Silver Hill Energy Partners Enters Bakken with Liberty Resources Acquisition
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Silver Hill Energy Partners has signed definitive agreements with Liberty Resources to acquire Liberty’s interests in oil and gas properties, rights and related assets in North Dakota and 100 percent of Liberty Midstream Solutions, a midstream oil and gas company with gas gathering, gas processing and produced water logistics assets in North Dakota. The acquisition is expected to close March 14, 2024.
Consistent with Silver Hill’s track record in its current and historical operating areas, it intends to use this initial transaction as a springboard for future growth in the area through additional bolt-on acquisitions and related investments in upstream, midstream, minerals, and royalties.
“After years of considering various opportunities for entry points into the Bakken, we are thrilled to be acquiring what we believe is an ideal initial upstream and midstream development platform for us in the play,” said Silver Hill Founder and CEO Kyle Miller.
“Liberty’s assets represent not only an attractive operating footprint with immediate scale and runway but also a uniquely situated natural gas and water infrastructure system that provides a meaningful uplift to our drilling economics. We have enjoyed working with the Liberty team throughout this transaction and are excited to harness our teams’ combined knowledge and experience as we continue developing and growing this new Bakken position as well as our sizable existing Haynesville business,” added Miller.
Silver Hill Energy Partners is based in Dallas and was founded in 2011 by Kyle 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.
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