Kayne Anderson to sell Silver Hill Midstream assets

Silver Hill Energy Partners Holdings LLC, a privately held entity controlled by an affiliate of Kayne Anderson Capital Advisors LP through its energy private equity practice, has agreed to sell its midstream assets to a subsidiary of Targa Resources Corp. as part of a larger transaction.

On January 23, 2017, Targa announced the acquisition of three separate midstream entities, including Outrigger Delaware Operating LLC, a 50/50 joint venture between Silver Hill and Outrigger Energy LLC. The Silver Hill management team conceptualized and co-founded the joint venture with Outrigger in 2014 to build scalable gas gathering, gas processing and crude gathering infrastructure to support the development of Silver Hill’s upstream assets and surrounding third party producers in the Delaware Basin.

DLA Piper LLP served as legal counsel to Silver Hill and Kayne Anderson.


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