Willkie represented affiliates of Silver Hill Energy Partners, LP in its acquisition of 100 percent of 1776 Energy’s interest in oil and gas properties, rights, and related assets primarily in Karnes and Gonzales Counties, Texas. The acquisition includes approximately 17,500 net acres and 550 gross locations in the Eagle Ford and Austin Chalk formations. Silver Hill funded the acquisition with equity from Silver Hill Energy Partners IV, LP and another Silver Hill-sponsored partnership, as well as debt from a reserve-based credit facility arranged and led by Wells Fargo Securities, LLC. Consistent with Silver Hill’s track record, it intends to use this transaction as a springboard for future growth in the area through additional bolt-on acquisitions and related investments in upstream, midstream, minerals, and royalties. Silver Hill Energy Partners is a Dallas-based private energy company founded by Kyle D. Miller in 2011. Since inception, the firm has raised approximately $3.2 billion of institutional equity capital across five partnerships focused on the direct acquisition and development of operated oil, natural gas, and related infrastructure assets in premier basins across the onshore U.S. The Willkie team was led by partners Sarah McLean and Erin Kaufman and included partner Robert Jacobson and associates Katherine Lubrano and Alexa Villarreal.