In a big Permian Basin deal, Vinson & Elkins represents RSP Permian Inc. in its pending purchase of Silver Hill Energy Partners and Silver Hill E&P in a cash and stock deal valued at $2.4 billion. Thompson & Knight and DLA Piper represent the Silver Hill companies.
On Oct. 13, RSP Permian, an oil and natural gas company based in Dallas, announced definitive agreements to acquire Dallas companies Silver Hill Energy Partners and Silver Hill E&P II for a total of $1.25 billion in cash and 31 million shares of RSP common stock for a total purchase price of $2.4 billion. Both deals will be effective Nov. 1, but the Silver Hill Energy Partners acquisition is expected to close during the fourth quarter, and the other during the first quarter of 2017, with both subject to closing conditions, customary purchase price adjustments and regulatory and third-party approvals.
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