RSP Permian $2.4 billion acquisition of Silver Hill Energy Partners

Overview:

• RSP Permian has acquired Silver Hill Energy Partners in a $2.4 billion deal.
• The transaction increases RSP's presence in the Texas Permian Basin.
• The sellers were private equity firms Kayne Anderson Capital Advisors and Ridgemont Equity Partners.
• Silver Hill Energy consists of both Silver Hill Energy Partners and Silver Hill E&P II.
• $1.25 billion of the price tag will be paid in cash, and the remainder in shares.
• The deal for Silver Hill Energy is expected to close in November, while the purchase of Silver Hill E&P is expected to close in March.

Kurt Stumpo - Journalist