What is Silverback Exploration?
Silverback Exploration II, LLC is an energy sector venture focused on performance and value creation, operating under the management of Novo Oil Gas II, LLC, which oversees all Silverback subsidiaries. Based in Oklahoma City, the company is strategically positioned within the oil and gas market. Its primary clients are anticipated to be partners within the energy industry and stakeholders seeking dependable exploration services. The company's operational focus is on identifying and developing energy resources, leveraging its expertise to drive profitability and market share.
How much funding has Silverback Exploration raised?
Silverback Exploration has raised a total of $850M across 2 funding rounds:
Private Equity
$350M
Private Equity
$500M
Private Equity (2013): $350M with participation from EnCap Flatrock Midstream
Private Equity (2017): $500M led by EnCap Investments L.P.
Key Investors in Silverback Exploration
EnCap Flatrock Midstream
EnCap Flatrock Midstream is a venture capital firm specializing in the oil, gas, and energy industries, founded in 2008 and based in San Antonio, Texas.
EnCap Investments L.P.
EnCap Investments L.P. is a prominent investment firm with a focus on the energy sector, known for its strategic capital allocation and support for growth-oriented companies.
What's next for Silverback Exploration?
The substantial enterprise-level capital infusion positions Silverback Exploration for accelerated expansion and strategic initiatives. With a history of securing significant private equity backing, the company is poised to enhance its exploration capabilities and potentially broaden its operational footprint. Future growth will likely involve strategic partnerships, technological advancements in exploration, and a continued focus on value creation for its stakeholders. The recent strategic investment signals a commitment to long-term development and market leadership within the competitive energy landscape.
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