SilverBow Resources Inc. has acquired 7,500 net acres in South Texas producing 30 MMcf/d through a series of transactions, leasing and drill-to-earn agreements, the Houston-based independent said.

The acreage block in the Dorado play in Webb County is near the Mexico border, and it nearly doubled SilverBow’s position there. The various transactions were estimated to cost $50 million overall… “representing a combination of leasing, acquisition and drilling capital.” About $40 million has been spent on the deals since July.

CEO Sean Woolverton said the transactions were assembled “by leveraging our long standing relationships in the area and our basin-specific expertise. This new area closely resembles the reservoir quality of our prolific Fasken asset, and aligns with...