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.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Selection, Use, Care and Maintenance of FR Clothing

For industries operating in an inherently dangerous environment, the importance of selecting the ...

Evolution or Revolution: IT / OT convergence means a world of possibilities

The oil and gas industry is experiencing a rapid paradigm shift in regards to digital transformat...

Predict, Prescribe, Profit: Creating a World that Doesn't Break Down

What are you doing to reduce unplanned downtime at your plant? Equipment breakdowns and process i...

A Traders Guide to Analysis and Research

An e-book dedicated to helping you improve your analysis by looking at RBOB futures performance. ...