One-Page Deal Sheet
Silver Hill Inks Deal for 14,000 Net Delaware Basin Acres
Silver Hill Energy Partners LLC Concho Resources, Inc.
Announced Date
January 19,2016
Close Date
February 26,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
290
Asset/Basin:
{"Permian - Delaware Basin"}
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Permian - Delaware Basin
Country
United States
State
Texas
County
Loving
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Require Private Equity Subscription
Concho Resources has entered into a definitive agreement to sell 14,000 net acres located in Loving County, Texas , for cash proceeds of $290 million to Silver Hill Energy Partners II, LLC .
Production for the third quarter of 2015 attributable to the assets was 2.5 MBoepd. The assets also include 5 MMBoe of estimated proved reserves as of December 31, 2014 . The asset sale eliminates approximately $100 million of lower rate-of-return obligation drilling in 2016. The sale is expected to close during the first quarter of 2016 and be structured as a like-kind exchange.
Vinson & Elkins LLP acted…
Permian - Delaware Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Mar-10-2026 |
-  |
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Click here | Texas | E&P |
| Sep-02-2025 |
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| May-07-2025 |
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| May-03-2025 |
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| Nov-13-2024 |
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Click here | New Mexico | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Jul-30-2024 | Permian Resources Acquires More Delaware Basin Property | - |
- |
| Jul-28-2024 | Vital Energy Acquires Delaware Basin Property From PE-Backed E&P | - |
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| Jun-12-2024 | Matador Resources Acquires PE-Backed Ameredev For $1.9 Billion | - |
- |