SilverBow Resources Inc. expects to substantially grow its natural gas and liquids production this year and next and continues to enjoy “favorable basis pricing” in the Eagle Ford Shale, management said.

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SilverBow, which operates exclusively in the Eagle Ford and Austin Chalk formations, is targeting year/year production growth of 30% in both 2022 and 2023, said CEO Sean Woolverton upon presenting the firm’s second-quarter results.

The period saw Houston-based SilverBow close its acquisitions of Sundance Energy Inc. and assets of SandPoint Operating LLC, adding to SilverBow’s footprint in South Texas.

“With the closing of the Sundance acquisition, we added a second rig and expect to continue to run at a two-rig pace for the foreseeable future,” said Woolverton....