(World Oil) – 1776 Energy, a portfolio company of Quantum Capital Group, has closed the sale of its South Texas oil and gas assets to Silver Hill Energy Partners, continuing consolidation activity in the mature Eagle Ford shale.
The transaction includes approximately 17,500 net acres and an estimated 550 gross drilling locations primarily across Karnes and Gonzales counties, Texas. The assets are prospective across the Eagle Ford and Austin Chalk formations and provide Silver Hill with an expanded operated footprint and multi-year development inventory in one of the most established U.S. shale basins.
Silver Hill funded the acquisition with a combination of equity from affiliated investment vehicles and debt from a reserve-based lending facility. Financial terms were not disclosed.
Haynes and Boone served as legal counsel to 1776 Energy and its parent, The Huff Energy Fund. The Haynes Boone team was led by partner Hugh Tucker.
“This transaction underscores the continued demand for high-quality Eagle Ford assets,” Tucker said. “It was a pleasure to work with the 1776 and Huff Energy teams on a deal that positions the assets for continued development while delivering significant value to our client.”
For 1776 Energy, the divestiture represents an exit from its Eagle Ford position following several years of development and portfolio optimization under Quantum ownership. For Silver Hill, the acquisition adds scale in a basin where infrastructure access and operational familiarity continue to support lower-risk development strategies despite broader capital discipline across the upstream sector.
