SilverBow Resources Announces Oil-Weighted Acquisition
SilverBow Resorces, Inc. (SBOW)
Last silverbow resorces, inc. earnings: 3/4 04:05 pm
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)--SilverBow Resources, Inc. (NYSE: SBOW) (“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.Acquisition Highlights:Total purchase price of approximately $75 million, consisting of $45 million in cash and approximately $30 million in equityExpected to be accretive on all key financial metrics17,000 total net acres in the oil-window of La Salle, McMullen, DeWitt and Lavaca countiesMay 2021 net production of approximately 2,500 barrels of oil equivalent per day, 71% liquids / 46% oil from 111 PDP wellsAcquired oil production represents a 30% increase to SilverBow’s current full year 2021 oil production guidance2021E Adjusted EBITDA of approximately $28 million(1)Over 100 net drilling locations, adding approximately three years of inventory at SilverBow’s current 1 rig drilling paceMANAGEMENT COMMENTSSean Woolverton, SilverBow’s Chief Executive Officer, comme
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News
- Leading Independent Proxy Advisory Firms ISS and Glass Lewis Both Recommend that SilverBow Resources Shareholders Vote "FOR" the Re-Election of SilverBow's Three Director Nominees [Yahoo! Finance]Yahoo! Finance
- Leading Independent Proxy Advisory Firms ISS and Glass Lewis Both Recommend that SilverBow Resources Shareholders Vote “FOR” the Re-Election of SilverBow’s Three Director NomineesBusiness Wire
- Proxy adviser Glass Lewis backs SilverBow nominees in Kimmeridge board spat [Reuters]Reuters
- UPDATE 1-Proxy adviser Glass Lewis backs SilverBow nominees in Kimmeridge board spat [Yahoo! Finance]Yahoo! Finance
- SilverBow Resources, Inc. (NYSE: SBOW) had its price target raised by analysts at Truist Financial Co. from $45.00 to $47.00. They now have a "buy" rating on the stock.MarketBeat
SBOW
Earnings
- 5/1/24 - Beat
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Sec Filings
- 5/9/24 - Form DFAN14A
- 5/9/24 - Form DEFA14A
- 5/7/24 - Form DFAN14A
- SBOW's page on the SEC website