Silverback Exploration

 

Portfolio

Investment: 
2016

A San Antonio-based independent oil and gas exploration company formed in 2013 and focused on pursuing and developing primarily unconventional resource play opportunities in the United States. Silverback developed a significant position in the heart of the Delaware Basin, including approximately 35,000 net acres, 3,500 barrels per day of crude oil production and approximately 600 horizontal drilling locations. These leasehold interests and related assets were sold to Centennial Resource Development Inc. and its affiliates (NASDAQ: CDEV) (NASDAQ: CDEVW) in December 2016 for $855 million.