Silverbow

SilverBow Resources Inc.’s board plans to “carefully review and consider” a proposal from activist investor Kimmeridge Energy Management LLC to merge its natural gas production subsidiary in a tie-up that could become the largest South Texas exploration and production company. In a letter to shareholders, Kimmeridge proposed to merge Kimmeridge Texas Gas LLC (KTG) into…

SilverBow Resources Inc. management said the Eagle Ford Shale operator is pulling back natural gas activity and investments by almost 15% in response to weak prices, but plans to ramp up activity around 2025 for Gulf Coast demand.  “No doubt that 2023 and now 2024 have seen a challenging natural gas market,” said CEO Sean…

Eagle Ford Shale operator SilverBow Resources Inc. is targeting capital expenditures of $550-$580 million to support a three-rig drilling program in 2024, management said Thursday. The Houston-based operator said it has closed its $700 million acquisition of Chesapeake Energy Corp.’s South Texas oil and gas assets, clearing the way to advance natural gas-weighted development in…

SilverBow Resources Inc. agreed Monday to acquire Chesapeake Energy Corp.’s natural gas and oil assets in South Texas, a deal that would create the largest publicly held Eagle Ford Shale pure-play. Chesapeake would receive $700 million for the assets, including $650 million at closing and a $50 million deferred payment one year after the transaction…

Less than one month after expanding its holdings in South Texas, SilverBow Resources Inc. is adding about 5,500 net acres to build its natural gas and oil portfolio in the Eagle Ford Shale and Austin Chalk.The Houston-based independent clinched the $87 million transaction with an undisclosed seller. The package “provides extended lateral lengths, increased drilling…

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…

Oil and natural gas companies are continuing to trim their capital spending plans for 2020 because of the lack of demand exacerbated by the Covid-19 pandemic, but on a related note, there was some good news as Murphy Oil Corp.’s CEO returned from medical leave after recuperating from the virus.

Oil and natural gas companies are continuing to trim their capital spending plans for 2020 because of the lack of demand exacerbated by the Covid-19 pandemic, but on a related note, there was some good news as Murphy Oil Corp.’s CEO returned from medical leave after recuperating from the virus.

Natural gas-heavy SilverBow Resources Inc., an Eagle Ford Shale pure-play, completed more wells than planned during 2018 and increased production by 20%, a strategy that is set to continue in 2019, even as spending comes down.