Silver Hill commenced its business operations in the fourth quarter of 2020 coincident with the first closing of the Partnership. Silver Hill utilizes the energy management expertise, industry relationships, and operating capabilities of Kyle D. Miller, Drew L. Wellsfry, Scott R. Smetko, Patrick H. Halpin and Taylor B. Rea (collectively, the “Principals”) and other employees of Silver Hill and its affiliates (collectively, the “Management Team”) to advise the Partnerships as Silver Hill’s Clients (as discussed below), on acquisitions and development of onshore oil and gas and related infrastructure assets and minerals in North America. The Partnerships, together with any parallel investment entities that make investments alongside a Partnership (collectively, the “Funds”), anticipates investing a substantial portion of the limited partner commitments in Silver Hill Energy Partners III, LLC (“SHEP III”), and in Silver Hill Energy Partners IV, LLC (“SHEP IV”), respectively, each an operating company formed to directly acquire and operate oil and gas assets. The Funds also hold operated and non-operated oil and gas assets and related infrastructure assets and minerals through other direct or indirect subsidiaries and/or invest in a joint venture with a strategic partner to hold such assets. The sole general partner of Silver Hill is Silver Hill Energy Partners GP, LLC, which is, in turn, beneficially owned and controlled by Kyle D. Miller. Silver Hill III GP LP, a Delaware limited partnership (the “General Partner”) is the general partner of the Partnership. Silver Hill serves as an investment manager and provides discretionary advisory services to the Partnerships. Under the Governing Fund Documents, Silver Hill and/or the General Partner are permitted to form parallel investment entities or alternative investment

entities to make investments alongside the Partnerships, and may also form one or more successor funds. Such entities and/or successor funds, if formed, may become “Clients” of Silver Hill. Unless the context otherwise provides, references herein to “Clients” shall refer collectively to the Partnerships and any future parallel investment entities, alternative investment entities and/or successor funds. Under the terms of an investment management agreement (the “Management Agreement”), Silver Hill provides such services to the Clients as are reasonably requested from time to time by the General Partner in connection with identifying and analyzing prospective investments in oil and gas assets within North America (the “Investments”), performing due diligence investigations, structuring and negotiating the terms of the Investments, monitoring the Investments and recommending dispositions or other resolutions of Investments. Silver Hill provides investment advisory services solely to its fund Clients and its services are not tailored individually to the limited partners or investors of the Funds (the “Investors”). Silver Hill manages the assets of the Partnerships in accordance with the terms of the Funds’ limited partnership agreement, subscription agreement, offering memorandum and other governing documents applicable to the Funds (the “Governing Fund Documents”). Except as expressly provided in the Governing Fund Documents, the Investors are not permitted to restrict Investments by the Funds and, except in limited circumstances, are not permitted to withdraw from the Funds prior to its dissolution. As of December 31, 2023, Silver Hill manages approximately $1,935,384,401 in Client assets on a discretionary basis and does not manage any assets on a non-discretionary basis.