A $1.2 billion private equity fund raised by Silver Hill Energy Partners LP is eyeing plans to advance Lower 48 oil, natural gas and infrastructure, beginning with the Haynesville and Eagle Ford shales, as well as the Austin Chalk. 

The fund has created Silver Hill Energy Partners III, which has made five upstream acquisitions across the Haynesville and in South Texas since August 2021. Silver Hill Energy Partners III’s assets comprise about 250 MMcf/d net dry natural gas production from 75 producing wells and about 150 gross drilling locations. The assets are spread across roughly 30,000 net acres targeting the Haynesville and Eagle Ford shales, as well as the Austin Chalk formation.

The venture is running three operated rigs in the Haynesville and South Texas “while...