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Kelly Hart Represented Silverback Exploration II in $500 Million Equity Transaction

Kelly Hart represented Silverback Exploration II in connection with a $500 million equity commitment from EnCap Investments LP to pursue conventional and unconventional U.S. resource plays. In its original incantation as Silverback I, the oil and gas producer developed a 35,000 net acreage position in the heart of the Delaware sub-basin. It was producing around 3,500 barrels of oil equivalent per day when it sold its interests for $855 million last fall to Centennial Resource Development Inc.  Silverback II, led by the same management team, is hoping for a repeat of its initial success.  The Kelly Hart team includes Tom Hegi, David Cook, Todd Spake, and Jason Hendrix.

Kelly Hart attorneys have served as briefing attorneys for judges in the Northern District of Texas and the Fifth Circuit of Appeals