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Silver Hill Energy Partners Raises $1.28 Billion for Onshore Energy Assets in US

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Silver Hill Energy Partners has reached the final closure of its fifth partnership and third institutional private equity fund, Silver Hill Energy Partners V, raising $1.28 billion in an oversubscribed offer, it said in a statement on Thursday.

The company said Silver Hill V represents the company's founding focus on directly owning, operating and controlling onshore oil, natural gas and related infrastructure across the US.

Participants included institutional investors such as endowments, pension funds, medical and family foundations and family offices, with some repeat investors among them.

The partnership had acquired Eagle Ford Shale assets in January. Since its foundation in 2011, the company has raised $4.15 billion in capital, it said.

Silver Hill's portfolio spans 192,000 net acres over three US shale basins including 75,000 in the Haynesville and Bossier formations of East Texas and North Louisiana and 95,000 net acres in the Bakken and the Three Forks formations of North Dakota.

Silver Hill is currently producing about 500 million cubic feet per day of natural gas and 20,000 barrels per day of oil, it said.

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