Houston’s SilverBow Resources Inc. has continued its Lower 48 acreage expansion amid high commodity prices with a new natural gas-rich acquisition. 

The latest deal is an estimated $33 million all-stock transaction with an undisclosed seller. SilverBow is gaining 45,000 net acres in the Eagle Ford Shale of South Texas, bolstering its gas-weighted position in McMullen and Live Oak counties, while adding new oil positions in Atascosa, Lavaca and Fayette counties.

In April, net production from the acquired acreage was around 1,580 boe/d, 39% liquids, SilverBow said. 

Another deal announced earlier this month increased the Eagle Ford and Austin Chalk locations, as well as incremental working interest in producing wellbores in the La Mesa position. The deal, worth around $24...