Articles from SilverBow Resources, Inc.
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or the “Company”) today announced that, at a special meeting of stockholders earlier today (the “Special Meeting”), its stockholders voted to approve the previously announced acquisition of SilverBow by Crescent Energy Company (“Crescent”) in a transaction valued at $2.1 billion.
By SilverBow Resources, Inc. · Via Business Wire · July 29, 2024
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By SilverBow Resources, Inc. · Via Business Wire · July 17, 2024
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SilverBow Resources, Inc. (NYSESBOW) (“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 Shareholders (the “2024 Annual Meeting”).
By SilverBow Resources, Inc. · Via Business Wire · May 29, 2024
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or the “Company”) today announced that the Company intends to adjourn, without commencing any business, its 2024 Annual Meeting of Shareholders (the “Meeting”), which was scheduled for May 21, 2024, at 10:00 a.m. CT (11:00 a.m. ET), until May 29, 2024, at 10:00 a.m. CT (11:00 a.m. ET). The record date of March 22, 2024, and the proposals to be voted on at the Meeting remain unchanged. Shareholders who have voted do not need to recast their votes, and proxies previously submitted in respect of the Meeting will be voted at the adjourned meeting unless properly revoked.
By SilverBow Resources, Inc. · Via Business Wire · May 16, 2024
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or the “Company”) today announced that Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. (“Glass Lewis”), two leading independent proxy advisory firms, have both recommended that SilverBow shareholders vote “FOR” the re-election of SilverBow’s three highly qualified and independent director nominees on the WHITE proxy card in connection with the Company’s 2024 Annual Meeting of Shareholders (the “2024 Annual Meeting”) on May 21, 2024.
By SilverBow Resources, Inc. · Via Business Wire · May 9, 2024
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or the “Company”) today mailed a letter to shareholders in connection with the Company’s 2024 Annual Meeting of Shareholders (the “2024 Annual Meeting”). The letter will be filed with the U.S. Securities and Exchange Commission. Additional company resources for the 2024 Annual Meeting, including SilverBow’s most recent investor presentation addressing continued misstatements by Kimmeridge Energy Management Company, LLC and facts about SilverBow’s strong Board and successful M&A track record, can be found at www.FutureOfSilverBow.com.
By SilverBow Resources, Inc. · Via Business Wire · May 6, 2024
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or the “Company”) today announced operating and financial results for the first quarter of 2024. An updated corporate presentation has been posted to SilverBow’s website and can be accessed at www.sbow.com. The Company plans to host a conference call at 9 a.m. CT (10 a.m. ET) on Thursday, May 2, 2024. Participation details can be found within this release.
By SilverBow Resources, Inc. · Via Business Wire · May 1, 2024
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or the “Company”) today released an investor presentation and mailed a letter to shareholders in connection with the Company’s 2024 Annual Meeting of Shareholders (the “2024 Annual Meeting”). Both will be filed with the U.S. Securities and Exchange Commission. Additional company resources for the 2024 Annual Meeting can be found at www.futureofsilverbow.com.
By SilverBow Resources, Inc. · Via Business Wire · April 29, 2024
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or the “Company”) today mailed a letter to shareholders in connection with the Company’s 2024 Annual Meeting of Shareholders (the “2024 Annual Meeting”).
By SilverBow Resources, Inc. · Via Business Wire · April 22, 2024
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today it will release financial and operating results for first quarter 2024 and post an updated corporate presentation after market close on Wednesday, May 1, 2024. SilverBow will host a conference call to discuss its results on Thursday, May 2, 2024 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time).
By SilverBow Resources, Inc. · Via Business Wire · April 15, 2024
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or the “Company”) today announced that it has filed its definitive proxy materials with the U.S. Securities and Exchange Commission (the “SEC”) in connection with the Company’s 2024 Annual Meeting of Shareholders (the “2024 Annual Meeting”), scheduled to be held on May 21, 2024. Shareholders of record as of March 22, 2024, will be entitled to vote at the meeting.
By SilverBow Resources, Inc. · Via Business Wire · April 9, 2024
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or the “Company”) today filed its preliminary proxy statement with the U.S. Securities and Exchange Commission in connection with the Company’s 2024 annual meeting of shareholders (the “2024 Annual Meeting”).
By SilverBow Resources, Inc. · Via Business Wire · March 28, 2024
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today that Leland “Lee” T. Jourdan has been appointed to the SilverBow Board of Directors (the “Board”), effective March 27, 2024. Mr. Jourdan’s appointment is part of SilverBow’s long-term and ongoing director search program conducted over the last 18 months with the assistance of a globally recognized search firm.
By SilverBow Resources, Inc. · Via Business Wire · March 28, 2024
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SilverBow Resources, Inc. (NYSESBOW) today confirmed that it has received a proposal from Kimmeridge Energy Management (“Kimmeridge”) with respect to a potential transaction between the Company and Kimmeridge Texas Gas (“KTG”). Kimmeridge proposes to contribute the assets of KTG and $500 million of cash in exchange for shares issued by the combined entity. Following the proposed transaction, Kimmeridge would control a supermajority of the combined company (including the shares currently held by Kimmeridge), with the remaining shares held by public shareholders.
By SilverBow Resources, Inc. · Via Business Wire · March 13, 2024
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) today announced operating and financial results for the fourth quarter and full year 2023. Supplemental slides have been posted to SilverBow’s website and can be accessed at www.sbow.com. The Company plans to host a conference call at 9 a.m. CT (10 a.m. ET) on Thursday, February 29, 2024. Participation details can be found within this release.
By SilverBow Resources, Inc. · Via Business Wire · February 28, 2024
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today it will release financial and operating results for fourth quarter and full year 2023 and post an updated corporate presentation after market close on Wednesday, February 28, 2024. SilverBow will host a conference call to discuss its results on Thursday, February 29, 2024 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time).
By SilverBow Resources, Inc. · Via Business Wire · January 31, 2024
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or the “Company”) today announced the upsize and pricing of a previously announced underwritten public offering of its common stock (the “Offering”) by an affiliate of Strategic Value Partners, LLC (the “Selling Stockholder”). The size of the Offering increased from the previously announced 1,700,000 shares to an aggregate of 2,200,000 shares of common stock held by the Selling Stockholder. The Selling Stockholder has also granted to the underwriters a 30-day option to purchase up to an additional 330,000 shares.
By SilverBow Resources, Inc. · Via Business Wire · December 12, 2023
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or the “Company”) today announced that an affiliate of Strategic Value Partners, LLC (the “Selling Stockholder”) intends to offer for sale 1,700,000 shares of the Company’s common stock in an underwritten public offering (the “Offering”). The Selling Stockholder intends to grant the underwriters a 30-day option to purchase up to an additional 255,000 shares.
By SilverBow Resources, Inc. · Via Business Wire · December 11, 2023
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today the closing of its acquisition of Chesapeake Energy Corporation’s (“Chesapeake”) oil and gas assets in South Texas for a purchase price of $700 million, comprised of a $650 million upfront cash payment paid at closing and an additional $50 million deferred cash payment due 12 months post close, subject to customary adjustments (the “Chesapeake Transaction”). Consideration for the purchase was funded with cash on hand, borrowings under the Credit Facility (as defined below) and proceeds from the sale of additional second lien notes. Chesapeake may also receive up to $50 million in additional contingent cash consideration based on future commodity prices. In addition, the Company provided updated 2023 guidance and a preliminary 2024 outlook.
By SilverBow Resources, Inc. · Via Business Wire · November 30, 2023
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today that David Geenberg has stepped down from the Company’s Board of Directors (“the Board”) effective November 27, 2023. Mr. Geenberg, one of two directors nominated by Strategic Value Partners, LLC (“SVP”), has stepped down as a natural progression of SVP’s sell down of its equity position in the Company. Under the current terms of the Director Nomination Agreement between SVP and the Company, SVP maintains the right to continue to designate one director nominee, subject to conditions on share ownership, which includes the right to remove and replace its remaining director nominee at any time.
By SilverBow Resources, Inc. · Via Business Wire · November 27, 2023
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today it has been awarded a Top Workplaces 2023 honor by the Houston Chronicle. The list is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage LLC. The confidential survey uniquely measures 15 culture drivers that are critical to the success of any organization.
By SilverBow Resources, Inc. · Via Business Wire · November 13, 2023
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or the “Company”) today announced operating and financial results for the third quarter of 2023. Highlights include:
By SilverBow Resources, Inc. · Via Business Wire · November 1, 2023
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today it will release financial and operating results for third quarter 2023 and post an updated corporate presentation after market close on Wednesday, November 1, 2023. SilverBow will host a conference call to discuss its results on Thursday, November 2, 2023 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time).
By SilverBow Resources, Inc. · Via Business Wire · October 11, 2023
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or the “Company”) today announced the upsize and pricing of its previously announced underwritten public offering of its common stock (the “Offering”). The size of the Offering increased from the previously announced 3,000,000 shares to an aggregate of 4,000,000 shares of the Company’s common stock, which includes 2,810,811 shares offered by the Company and 1,189,189 shares offered by an affiliate of Strategic Value Partners, LLC (the “Selling Stockholder”), at a price to the public of $37.00 per share. The Company and the Selling Stockholder have granted the underwriters a 30-day option to purchase up to an additional 600,000 shares, upsized from the previously announced 450,000 shares. The Offering is expected to close on or about September 18, 2023, subject to customary closing conditions.
By SilverBow Resources, Inc. · Via Business Wire · September 13, 2023
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or the “Company”) today announced that it has commenced an underwritten public offering of 3,000,000 shares of its common stock (the “Offering”), which includes 2,250,000 shares being offered by the Company and 750,000 shares being offered by an affiliate of Strategic Value Partners, LLC (the “Selling Stockholder”). The Company and the Selling Stockholder intend to grant the underwriters a 30-day option to purchase up to an additional 450,000 shares. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering.
By SilverBow Resources, Inc. · Via Business Wire · September 12, 2023
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) today announced it will take part in the Barclays CEO Energy-Power Conference in New York City on Tuesday, September 5, 2023. Sean Woolverton, SilverBow’s Chief Executive Officer, is scheduled to make a presentation on September 5th at 3:00 p.m. Eastern Time (2:00 p.m. Central time). Senior management will also host one-on-one meetings with investors. The investor presentation being used will be accessible on the Company’s website at www.sbow.com under the “Investor Relations” section.
By SilverBow Resources, Inc. · Via Business Wire · August 28, 2023
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) today announced it will participate in the EnerCom Denver Conference in Denver, Colorado on Tuesday, August 15, 2023. Sean Woolverton, SilverBow’s Chief Executive Officer, is scheduled to make a presentation on August 15th at 10:55 a.m. Mountain Time (11:55 a.m. Central time). Senior management will also host one-on-one meetings with investors. The investor presentation being used will be accessible on the Company’s website at www.sbow.com under the “Investor Relations” section.
By SilverBow Resources, Inc. · Via Business Wire · August 14, 2023
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today that it has entered into an agreement (the “Purchase Agreement”) to acquire Chesapeake Energy Corporation’s (“Chesapeake”) oil and gas assets in South Texas (the “Chesapeake South Texas Assets”) for a purchase price of $700 million, comprised of a $650 million upfront cash payment due at closing and an additional $50 million deferred cash payment due 12 months post close, subject to customary adjustments (the “Chesapeake Transaction”). Chesapeake may also receive up to $50 million in additional contingent cash consideration based on future commodity prices.
By SilverBow Resources, Inc. · Via Business Wire · August 14, 2023
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or the “Company”) today announced operating and financial results for the second quarter of 2023. Highlights include:
By SilverBow Resources, Inc. · Via Business Wire · August 2, 2023
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today it will release financial and operating results for second quarter 2023 and post an updated corporate presentation after market close on Wednesday, August 2, 2023. SilverBow will host a conference call to discuss its results on Thursday, August 3, 2023 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time).
By SilverBow Resources, Inc. · Via Business Wire · July 28, 2023
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or the “Company”) today announced that its Board of Directors (the “Board”) has unanimously approved an amendment to the Company's existing stockholder rights plan (the “Rights Plan”), pursuant to which the expiration date has been extended from today to the close of business on the first day following the date of the Company’s 2024 annual meeting of stockholders, which is currently expected to be held on Tuesday, May 21, 2024, unless the rights are earlier redeemed or exchanged. All other terms and conditions of the Rights Plan adopted in September 2022 remain unchanged.
By SilverBow Resources, Inc. · Via Business Wire · May 16, 2023
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today the publication of its inaugural sustainability report covering the Company’s fiscal year 2022 (“2022 Sustainability Report”). The online report outlines SilverBow’s commitment to environmental responsibility, health and safety, community engagement, governance, and business ethics. The report is available on the Company's website at www.sbow.com/responsibility/overview.
By SilverBow Resources, Inc. · Via Business Wire · May 8, 2023
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or the “Company”) today announced operating and financial results for the first quarter of 2023. Highlights include:
By SilverBow Resources, Inc. · Via Business Wire · May 3, 2023
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today it will release financial and operating results for first quarter 2023 and post an updated corporate presentation after market close on Wednesday, May 3, 2023. SilverBow will host a conference call to discuss its results on Thursday, May 4, 2023 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time).
By SilverBow Resources, Inc. · Via Business Wire · April 6, 2023
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) today announced operating and financial results for the fourth quarter and full year 2022. Highlights include:
By SilverBow Resources, Inc. · Via Business Wire · March 1, 2023
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today it will release financial and operating results for the fourth quarter and full year 2022 and post an updated corporate presentation after market close on Wednesday, March 1, 2023. SilverBow will host a conference call to discuss its results on Thursday, March 2, 2023 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time).
By SilverBow Resources, Inc. · Via Business Wire · February 1, 2023
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today the appointments of Jennifer M. Grigsby and Kathleen McAllister to the SilverBow Board of Directors (the “Board”) effective immediately. Ms. Grigsby and Ms. McAllister join the Board as independent directors following a comprehensive search process, conducted with the assistance of a nationally recognized search firm, to complement the Board's existing credentials and qualifications.
By SilverBow Resources, Inc. · Via Business Wire · January 9, 2023
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today the publication of certain environmental, social and governance (“ESG”) metrics related to the Company’s 2021 ESG performance. The disclosures align with the Sustainability Accounting Standards Board (“SASB”) recommendations for the Oil and Gas – Exploration and Production industry and select Global Reporting Initiative (“GRI”) governance standards. Please visit the Company’s website at https://www.sbow.com/responsibility/overview/default.aspx to find SilverBow’s 2021 SASB and GRI disclosures, including a letter from the Chief Executive Officer.
By SilverBow Resources, Inc. · Via Business Wire · December 15, 2022
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today it has been awarded a Top Workplaces 2022 honor by the Houston Chronicle. The list is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage LLC. The confidential survey uniquely measures 15 culture drivers that are critical to the success of any organization: including alignment, execution, and connection, just to name a few.
By SilverBow Resources, Inc. · Via Business Wire · November 14, 2022
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or the “Company”) today announced operating and financial results for the third quarter of 2022. Highlights include:
By SilverBow Resources, Inc. · Via Business Wire · November 2, 2022
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today it will release financial and operating results for the third quarter 2022 and post an updated corporate presentation after market close on Wednesday, November 2, 2022. SilverBow will host a conference call to discuss its results on Thursday, November 3, 2022 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time).
By SilverBow Resources, Inc. · Via Business Wire · October 19, 2022
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today it has entered into a definitive agreement to acquire oil and gas assets in DeWitt and Gonzales counties (the “Acquisition” or “Transaction”) from an undisclosed seller for a cash purchase price of $87 million, subject to customary closing adjustments.
By SilverBow Resources, Inc. · Via Business Wire · October 3, 2022
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or the “Company”) today announced that its Board of Directors (the “Board”) has unanimously adopted a limited-duration stockholder rights plan (the “Rights Plan”) to protect the interests of all stockholders. The Rights Plan is effective immediately.
By SilverBow Resources, Inc. · Via Business Wire · September 20, 2022
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) today announced the addition of a new acreage block in the Dorado play of Webb County, Texas. Through a series of transactions, including bolt-on acquisitions, leasing and drill-to-earn agreements, the Company has assembled 7,500 net acres with current net production of approximately 30 million cubic feet per day (“MMcf/d”). Consideration for SilverBow’s new Dorado position has totaled approximately $50 million, representing a combination of leasing, acquisition and drilling capital. Approximately $40 million of the total was incurred during the third quarter of 2022.
By SilverBow Resources, Inc. · Via Business Wire · September 15, 2022
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or the “Company”) today announced operating and financial results for the second quarter of 2022. Highlights include:
By SilverBow Resources, Inc. · Via Business Wire · August 3, 2022
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today it will release financial and operating results for the second quarter 2022 and post an updated corporate presentation after market close on Wednesday, August 3, 2022. SilverBow will host a conference call to discuss its results on Thursday, August 4, 2022 at 11:00 a.m. Central Time (12:00 p.m. Eastern Time).
By SilverBow Resources, Inc. · Via Business Wire · July 14, 2022
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today that it has closed its previously announced acquisition of substantially all of the oil and gas assets from Sundance Energy, Inc. and certain affiliated entities, (collectively, “Sundance"). Total purchase consideration due to Sundance, subject to customary closing adjustments, was comprised of approximately $225 million in cash and 4.1 million shares of SilverBow’s common stock. The cash portion of the purchase was funded with cash on hand and borrowings under the Company's revolving credit facility. Further, SilverBow updated its outlook to adjust for the recent closings of both the Sundance acquisition and the acquisition of the assets of the oil and gas assets of SandPoint Operating, LLC, a subsidiary of SandPoint Resources, LLC, (collectively, “SandPoint") on May 10, 2022. Additionally, the Company has provided its oil and gas hedged volumes as of the end of the second quarter of 2022.
By SilverBow Resources, Inc. · Via Business Wire · July 5, 2022
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) today announced it has received bank approval to amend its senior secured revolving credit facility (“Credit Facility”) to extend the maturity of the Credit Facility to October 2026, increase the borrowing base from $525 million to $775 million, and reduce the interest rate margin for amounts outstanding, amongst other things, in connection with SilverBow’s two recent strategic acquisitions including the oil and gas assets of SandPoint Operating, LLC, a subsidiary of SandPoint Resources, LLC in May 2022 (collectively, "SandPoint") and Sundance, as defined below. The amended Credit Facility and borrowing base increase will go into effect with the closing the Company’s previously announced acquisition of substantially all of the oil and gas assets from Sundance Energy, Inc. and certain affiliated entities, (collectively, “Sundance").
By SilverBow Resources, Inc. · Via Business Wire · June 23, 2022
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today that it has closed its previously announced acquisition of certain assets from SandPoint Operating, LLC, a subsidiary of SandPoint Resources, LLC, (collectively, “SandPoint"). Purchase consideration due to the seller, subject to customary closing adjustments, was comprised of approximately $31 million in cash and 1.3 million shares of SilverBow’s common stock. The cash portion of the purchase was funded with cash on hand and borrowings under the Company's revolving credit facility.
By SilverBow Resources, Inc. · Via Business Wire · May 11, 2022
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or the “Company”) today announced operating and financial results for the first quarter of 2022. Highlights include:
By SilverBow Resources, Inc. · Via Business Wire · May 4, 2022
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today it will release financial and operating results for the first quarter 2022 and post an updated corporate presentation after market close on Wednesday, May 4, 2022. SilverBow will host a conference call to discuss its results on Thursday, May 5, 2022 at 8:00 a.m. Central Time (9:00 a.m. Eastern Time).
By SilverBow Resources, Inc. · Via Business Wire · April 26, 2022
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today it has entered into a definitive agreement to acquire substantially all of the assets of Sundance Energy, Inc. and certain affiliated entities (collectively, “Sundance”) for a total purchase price of $354 million and up to $15 million of contingent payments based on future commodity prices. The Sundance transaction, which is expected to close in the third quarter of 2022, has been unanimously approved by the Boards of Directors of both companies. The closing of the transaction is subject to SilverBow shareholder approval and satisfaction or waiver of customary closing conditions.
By SilverBow Resources, Inc. · Via Business Wire · April 14, 2022
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) today announced it has entered into an amendment to its senior secured revolving credit facility (“Credit Facility”) under which the borrowing base has been increased from $460 million to $525 million in connection with its regularly scheduled semi-annual redetermination. The upsized borrowing base and strong free cash flow generation in the first quarter of 2022 further strengthens SilverBow’s liquidity.
By SilverBow Resources, Inc. · Via Business Wire · April 13, 2022
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today it will release financial and operating results for the fourth quarter and full year 2021 and post an updated corporate presentation after market close on Wednesday, March 2, 2022. SilverBow will host a conference call to discuss its results on Thursday, March 3, 2022 at 11:00 a.m. Central Time (12:00 p.m. Eastern Time).
By SilverBow Resources, Inc. · Via Business Wire · February 10, 2022
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today that it has closed its previously announced acquisition of oil and gas assets in the Eagle Ford from undisclosed sellers. The aggregate purchase price for these assets was $75 million, subject to customary purchase price adjustments and an August 1, 2021 effective date. In accordance with the terms of the Purchase and Sale Agreement, the transaction consisted of $45 million in cash and approximately 1.35 million shares of SilverBow’s common stock.
By SilverBow Resources, Inc. · Via Business Wire · November 22, 2021
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today it has been recognized as one of the Top Workplaces of 2021 by the Houston Chronicle. The list is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage. The anonymous survey uniquely measures 15 drivers of engaged cultures that are critical to the success of any organization, including alignment, execution, and connection, amongst others.
By SilverBow Resources, Inc. · Via Business Wire · November 16, 2021
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) today announced it has entered into an amendment to its senior secured revolving credit facility (“Credit Facility”) under which the borrowing base has been increased from $300 million to $460 million in connection with its regularly scheduled semi-annual redetermination and in conjunction with closing its previously announced acquisition on October 11, 2021. Concurrently, the Company has also entered into an amendment to its Second Lien Notes Purchase Agreement (“Second Lien Facility”) which extends the maturity date from December 2024 to December 2026 subject to paying down the principal amount of the Second Lien Facility from $200 million to $150 million. The Company intends to make the $50 million payment later this month.
By SilverBow Resources, Inc. · Via Business Wire · November 15, 2021
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or the “Company”) today announced operating and financial results for the third quarter of 2021. Highlights include:
By SilverBow Resources, Inc. · Via Business Wire · November 3, 2021
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today it will release financial and operating results for the third quarter 2021 and post an updated corporate presentation after market close on Wednesday, November 3, 2021. SilverBow will host a conference call to discuss its results on Thursday, November 4, 2021 at 11:00 a.m. Central Time (12:00 p.m. Eastern Time).
By SilverBow Resources, Inc. · Via Business Wire · October 21, 2021
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today it has entered into a definitive agreement to acquire oil and gas assets in the Eagle Ford from two sellers.
By SilverBow Resources, Inc. · Via Business Wire · October 11, 2021
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today that it has closed its previously announced all stock transaction to acquire oil and gas assets in the Eagle Ford from an undisclosed seller. The aggregate purchase price for these assets was $33 million, subject to customary purchase price adjustments and a June 1, 2021 effective date. In accordance with the terms of the Purchase and Sale Agreement, the transaction consisted of approximately 1.5 million shares of SilverBow’s common stock.
By SilverBow Resources, Inc. · Via Business Wire · October 4, 2021
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today it has entered into definitive agreements to acquire oil and gas assets in the Eagle Ford (collectively, “the Acquisition” or “the Transaction”) from an undisclosed seller.
By SilverBow Resources, Inc. · Via Business Wire · August 13, 2021
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or the “Company”) today announced operating and financial results for the second quarter of 2021. Highlights include:
By SilverBow Resources, Inc. · Via Business Wire · August 4, 2021
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today that it will present at EnerCom’s The Oil & Gas Conference in Denver, Colorado on Monday, August 16, 2021. The Corporate Presentation being used will be accessible on the Company’s website at www.sbow.com under the “Investor Relations” section.
By SilverBow Resources, Inc. · Via Business Wire · July 26, 2021
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today it will release financial and operating results for the second quarter 2021 and post an updated corporate presentation after market close on Wednesday, August 4, 2021. SilverBow will host a conference call to discuss its results on Thursday, August 5, 2021 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time).
By SilverBow Resources, Inc. · Via Business Wire · July 21, 2021
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or the “Company”) today announced operating and financial results for the first quarter of 2021. Highlights include:
By SilverBow Resources, Inc. · Via Business Wire · May 5, 2021
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) announced today it will release financial and operating results for the first quarter 2021 and post an updated corporate presentation after market close on Wednesday, May 5, 2021.
By SilverBow Resources, Inc. · Via Business Wire · April 21, 2021
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SilverBow Resources, Inc. (NYSESBOW) (“SilverBow” or “the Company”) today provided an operational and financial update including the successful extension of its senior secured revolving credit facility (the “Credit Facility”).
By SilverBow Resources, Inc. · Via Business Wire · April 19, 2021