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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.

http://www.naturalgasintel.com/articles/111041-silverback-takes-500m-encap-infusion-to-pursue-oil-natgas-resources
http://drillingandproduction.energy-business-review.com/news/silverback-receives-500m-equity-commitment-from-encap-investments-110717-5867503
http://www.youroilandgasnews.com/silverback+exploration+ii+forms+with+us%24500+million+equity+commitment+from+encap+investments_143603.html
http://www.encapinvestments.com/sites/default/files/newsreleaseSilverback071017.pdf











Nineteen Kelly Hart attorneys named 2017 Texas Super Lawyers Rising Stars