Centalion Group Acquires Haynesville Upstream and Midstream Natural Gas Assets from Silver Hill Energy Partners

HOUSTON, TX, October 5, 2026 - Centalion Group ("Centalion"), one of the world's largest independent physical energy trading companies, has acquired a high-quality portfolio of upstreamIn the context of the oil and gas industry, the term "upstream" refers to the exploration and production stage of the energy lifecycle. This encompasses all activities related to the... More and midstream natural gasNatural Gas Natural gas is a naturally occurring hydrocarbon gas mixture consisting primarily of methane (CH4), but commonly includes varying amounts of other higher alkanes, and sometimes a small percentage... More assets in Texas and Louisiana from Silver Hill Energy Partners ("Silver Hill"), a leading Texas-based private oil and gas company.

Asset Highlights

Current net production of approximately 300 MMcfd of natural gasNatural Gas Natural gas is a naturally occurring hydrocarbon gas mixture consisting primarily of methane (CH4), but commonly includes varying amounts of other higher alkanes, and sometimes a small percentage... More

Approximately 72,000 net acres strategically located in the core of the Haynesville and Bossier development areas

Approximately 300 gross operated development locations, which provides meaningful growth and inventory life

Silver Hill assembled most of the position through strategic acquisitions between late 2021 and mid-2023. Amid exceptional gas-market volatility**Volatility** In the context of energy commodities trading, volatility refers to the degree of variation in the price of a commodity over a certain period of time. It is a... More, it operated up to four rigs and improved development and cost efficiencies. Production increased from under 100 MMcfd to more than 300 MMcfd, while the company retained hundreds of additional drilling locations. Expanded midstream and saltwater-disposal capacity, long-term gathering and transportation agreements, and flow assurance further supported attractive Gulf Coast trading opportunities.

"After years of disciplined growth and risk managementRisk Management in the context of energy commodities trading refers to the identification, assessment, and prioritization of uncertainties followed by coordinated and economical application of resources to minimize, monitor, and... More in a fluctuating market, we are thrilled with this outcome and confident our assets will thrive under Centalion's stewardship," said Silver Hill Founder & CEO Kyle D. Miller. "A collaborative and commercial approach from both teams ensured an efficient process, and we look forward to seeing these assets play an increasingly important role for the Haynesville and the broader natural gasNatural Gas Natural gas is a naturally occurring hydrocarbon gas mixture consisting primarily of methane (CH4), but commonly includes varying amounts of other higher alkanes, and sometimes a small percentage... More market."

This acquisition furthers Centalion's Gulf Coast natural gasNatural Gas Natural gas is a naturally occurring hydrocarbon gas mixture consisting primarily of methane (CH4), but commonly includes varying amounts of other higher alkanes, and sometimes a small percentage... More strategy, building upon

the group's acquisition of assets in the Haynesville earlier this year. On a pro-forma basis, Centalion's Haynesville footprint ranks as one of the largest amongst private operators and positions it as a significant market participant in the US natural gasNatural Gas Natural gas is a naturally occurring hydrocarbon gas mixture consisting primarily of methane (CH4), but commonly includes varying amounts of other higher alkanes, and sometimes a small percentage... More market.

"This acquisition adds a high-quality, scalable position in the core of Haynesville, with a substantial development runway," said Gary Pedersen, Chairman & CEO of Centalion, "Consistent with the goals of U.S. energy dominance, Centalion will deploy capital to develop U.S. natural resources, generate economic activity in communities, and bolster the domestic energy supply on which households and industries depend."

The transaction marks the continuing success of Centalion's partnership with Western Natural Resources ("WNR"), led by Heath Mireles. Together with WNR, Centalion intends to execute on an active development program, grow the platform in the basin, and leverage Centalion's integrated Gulf Coast gas capabilities to create long-term value.

Strategic Gulf Coast access provides exposure to multiple domestic and LNG (liquefied natural gasNatural Gas Natural gas is a naturally occurring hydrocarbon gas mixture consisting primarily of methane (CH4), but commonly includes varying amounts of other higher alkanes, and sometimes a small percentage... More) demand points, and the group expects to maximize value by capturing optimization opportunities while leveraging its established marketing and trading capabilities.

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 gasNatural Gas Natural gas is a naturally occurring hydrocarbon gas mixture consisting primarily of methane (CH4), but commonly includes varying amounts of other higher alkanes, and sometimes a small percentage... More, and related infrastructure assets in premier basins across the onshore U.S. Following the sale of Silver Hill's Haynesville assets to Centalion, 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.

About Centalion Group Ltd

Centalion Group is one of the world's largest independent commodities trading companies, which creates logistics solutions that safely and efficiently move physical energy, power, metals and minerals from where they are sourced and stored to where they are demanded most. With investments in strategic infrastructure-upstream oil and gas production, terminals, refineries, power plants, batteries and storage-Centalion further generates sustainable value across the global supply chain**Supply Chain** A supply chain is a complex network that includes individuals, organizations, resources, activities, and technologies involved in the production and delivery of a product or service from the... More. For more information, visit Centalion.com

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