Bayou Midstream II, LLC (“Bayou”) and EIV Capital, LLC (“EIV Capital”) today announced they have closed on the acquisition of Argent Gas Solutions, LLC (“AGS”), a subsidiary of Silver Hill Energy Partners, LP (“Silver Hill”). AGS owns and operates natural gas gathering, compression and processing assets located in Williams, Burke and Mountrail counties, North Dakota, serving producers in the northeastern Bakken.
Bayou previously built, owned and operated pipelines and infrastructure in McKenzie County, North Dakota and Richland County, Montana. The AGS acquisition marks Bayou’s return to North Dakota and provides a platform for continued growth alongside its producer partners. Details of the AGS system are listed below:
- Gathering infrastructure: Approximately 85 miles of pipelines, with associated natural gas compression assets
- Processing capacity: Over 60 MMscf/d of natural gas processing
- Dedicated acreage: Approximately 140,000 acres dedicated to the system
“We are delighted to be acquiring AGS and look forward to expanding the system and providing safe, reliable gas gathering and processing services to the area producers,” said Travis Roby, Chief Executive Officer of Bayou. “The northeastern Bakken offers significant development opportunities where our goal is to be the midstream provider of choice for producers developing this area. Our extensive midstream experience in the Bakken positions us well to support their growth.”
“We are excited to continue our partnership with Bayou through the AGS acquisition, which marks Bayou’s return to the Bakken following a successful initial partnership between Bayou and EIV Capital,” said Max Harris, Managing Director of EIV Capital. “We believe the team’s customer-focus and experience building and operating in the basin uniquely positions them to steer AGS through its next phase of growth.”
“The AGS system was a small, single-producer asset when we acquired it with our Bakken entry in March 2024,” said Kyle Miller, Founder and Chief Executive Officer of Silver Hill. “Since then, we have grown it into a true third-party midstream business that services both our own volumes as well as a growing production base from neighboring operators. We are proud of what we have built and are confident the Bayou team is well-positioned to take it to the next level as development in the northeastern Bakken continues to accelerate.”
About Bayou Midstream II
Headquartered in Houston, Texas, Bayou Midstream II, LLC is a full-service midstream company that develops and operates midstream infrastructure. Bayou is funded through its second partnership between management and EIV Capital continuing an eight-year relationship.
For more information about Bayou, please visit www.bayoumidstream.com.
About EIV Capital, LLC
Founded in 2009, EIV Capital is a multi-strategy Houston-based private equity firm specializing in providing capital to businesses across the North American energy value chain. EIV Capital blends internal operational and engineering expertise with its financial and strategic oversight to allocate capital in businesses which create value through growing and enhancing infrastructure assets or acquiring non-operated oil and gas interests. The firm’s management has extensive experience leading and investing in successful companies across the energy value chain.
For more information about EIV, visit www.eivcapital.com.
About Silver Hill Energy Partners
Silver Hill Energy Partners is a Dallas-based private energy company founded by Kyle D. Miller in 2011. Since inception, the firm has raised ~$4.2 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. Following the recent sale of Silver Hill’s Haynesville assets to Centalion Group, Silver Hill’s operated portfolio consists of significant assets in the Bakken and Eagle Ford comprising roughly 115,000 operated net acres, ~1,000 gross drilling locations, 22,000 Boed of production, and two meaningful midstream businesses. For more information about Silver Hill, visit www.silverhillenergy.com.
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