Silver Hill Energy Partners III LP, a private energy fund based in Dallas, has acquired certain Haynesville assets located in Caddo Parish, Lousiana, and Harrision and Panola Counties, from Pine Wave Energy Partners LLC.
The purchased assets include 12,500 net acres with ownership interests in 10 operated wells and 100 million cubic feet per day of production. Additionally, all associated midstream infrastructure and the 18 miles of natural gas gathering pipelines are a part of the transaction.
“We are excited to acquire these high-quality assets, which directly offset our existing operations in the heart of the Haynesville Shale,” said Kyle Miller, founder, president and chief executive officer of Silver Hill. “With this transaction, we are able to further expand our development inventory in an area that continues to present a tremendous opportunity. Pine Wave has done a terrific job building its business and we expect to be able to positively leverage their strong position in the region.”
Akin Gump Strauss Hauer & Feld LLP served as legal counsel to Pine Wave’s management team, and Shearman & Sterling LLP served as legal counsel to Silver Hill.