SilverBow Resources – Oil & Gas 360

Crescent Energy, SilverBow Resources form second-larger Eagle Ford player following $2.1 billion acquisition closing

August 2, 2024

World Oil (WO) – Crescent Energy Company announced the closing of its acquisition of SilverBow Resources, Inc. The transaction was closed ahead of schedule. The SilverBow integration is well underway, with approximately $35 million of the previously announced $65 – $100 million in annual synergies captured to date through an improved cost of capital resulting in reduced interest expense. Crescent

US oil and gas mergers continue at furious pace in Q2, says Enverus

July 30, 2024

U.S. News HOUSTON – U.S. oil and gas patch deals continued to run hot in the second quarter, topping $30 billion with big dollar tie-ups pushing values higher, according to data released on Tuesday by energy researcher Enverus. Blockbuster mergers, such as ConocoPhillips’ $22.5 billion offer for Marathon Oil, remain a mainstay even as U.S. lawmakers call on regulators to

SilverBow Resources shareholders re-elect all SilverBow director nominees at 2024 annual meeting of shareholders

May 29, 2024

Oil and Gas 360 05/29/2024 HOUSTON–(BUSINESS WIRE)– SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today announced that SilverBow shareholders have voted to re-elect all three of the Company’s director nominees – Gabriel L. Ellisor, Kathleen McAllister and Charles W. Wampler, based on the preliminary vote count provided by its proxy solicitor following the Company’s 2024 Annual Meeting of

SilverBow Resources announces first quarter 2024 financial and operating results

May 2, 2024

Oil and Gas 360 05/01/2024 Download the PDF version PDF Format (opens in new window)PDF 268 KB Results top consensus expectations driven by higher production and lower capital expenditures generating record quarterly EBITDA and strong quarterly free cash flow Total debt reduced by $178 million since closing its South Texas acquisition in late 20231; First quarter 2024 leverage ratio of 1.35x 2 lower

SilverBow Resources successfully executing strategic priorities to drive shareholder value

April 29, 2024

Oil and Gas 360 04/29/2024 Files Investor Presentation and Sends Letter to Shareholders Highlighting Track Record of Profitable Growth Board Urges Shareholders to Vote “FOR” ALL of SilverBow’s Highly Qualified Directors on the WHITE Proxy Card HOUSTON–(BUSINESS WIRE)– SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today released an investor presentation and mailed a letter to shareholders in connection with the Company’s 2024 Annual

Kimmeridge releases presentation outlining the urgent need for board change at SilverBow

April 29, 2024

Oil and Gas 360 NEWS PROVIDED BY Kimmeridge Apr 29, 2024, 06:00 ET Details SilverBow’s track record of underperformance, value-destructive acquisitions, broken governance, and entrenchment maneuvers SilverBow needs experienced, independent directors who are open to assessing all value enhancing alternatives to capitalize on its limited window of opportunity to create significant long-term shareholder value Urges shareholders to vote “FOR” all

SilverBow Resources sends letter to shareholders highlighting path forward for value creation

April 22, 2024

Oil and Gas 360 04/22/2024 SilverBow Resources Provides Company Perspective on Kimmeridge’s Significant Overvaluation of KTG and Massively Dilutive Proposal Believes Kimmeridge Efforts to Gain Control Through Proxy Fight Is Another Path to Forcing a Value Destructive Combination With KTG to “Bail Out” Kimmeridge Sends Letter Urging Shareholders Vote “FOR” ALL of SilverBow’s Highly Qualified Directors on the WHITE Proxy

Kimmeridge Energy Management withdraws merger offer for shale driller SilverBow Resources

April 16, 2024

World Oil Publisher’s Note: SilverBow Resources, (NYSE: SBOW) is scheduled to present at EnerCom Denver – The Energy Investment Conference on August 18-21, 2024. Register to attend. (Bloomberg) – Shale oil driller SilverBow Resources Inc. dropped more than 6% after Kimmeridge Energy Management Co. withdrew a merger offer and said it’ll focus on winning board seats. “Given SilverBow’s lack of

SilverBow Resources announces closing of Chesapeake acquisition and provides updated 2023 guidance & preliminary 2024 outlook

December 1, 2023

Oil and Gas 360 11/30/2023 – Completed transformational acquisition of Chesapeake’s remaining South Texas assets Preliminary 2024 outlook of 551-611 MMcfe/d; liquids to comprise ~40% of production mix Anticipated 2024 capex of $550-$580 million supports 3-rig drilling program The Company now holds over 220,000 net acres with 1,000 drilling locations identified Capital structure provides for ~$500 million of liquidity by

Exclusive: SilverBow Resources at the 2023 EnerCom Denver-The Energy Investment Conference

August 30, 2023

Publisher’s Note: View EnerCom Denver-The Energy Investment Conference® replays free for a limited time. SilverBow Resources is an independent exploration and production company with assets in the Eagle Ford Shale located in South Texas. We leverage our 30 years of technical experience within the basin to drive shareholder value through best-in-class operations, opportunistic additions of high return inventory, and sustainable

SilverBow Resources announces second quarter 2023 results

August 3, 2023

Oil and Gas 360 Publisher’s Note: SilverBow Resources will be a presenter at EnerCom Denver – The Energy Investment Conference. Investors, analysts, and energy industry professionals can still register to attend at www.enercomdenver.com Second quarter equivalent net production at high end of guidance, with oil production exceeding guidance Production increased approximately 40% year-over-year Lowering full year 2023 capex

SilverBow Resources announces first quarter 2023 results

May 4, 2023

Oil and Gas 360 First quarter production increased 35% year-over-year — Two-rig oil development program accelerates oil growth through year-end — Continued cycle time improvements driving greater capital efficiencies HOUSTON–(BUSINESS WIRE)– SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today announced operating and financial results for the first quarter of 2023. Highlights include: Reported net production of 304 million

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