Oil and gas producer Crescent Energy (CRGY.N), opens new tab has agreed to buy rival SilverBow Resources (SBOW.N), opens new tab for $2.1 billion, a deal which would create the second-largest operator in the Eagle Ford basin in south Texas.
immeridge Energy Management has submitted a new offer to acquire SilverBow Resources that values the U.S. oil and gas producer at close to $2.1 billion, including debt, the investment firm said on Wednesday.
During Q3 2023, the acquired properties reported average net daily production of approximately 29,000 barrels of oil equivalent (boe). SilverBow Resources has acquired oil and gas assets in South Texas, US, from Chesapeake Energy in a deal worth $700m.
One of SilverBow Resources Inc’s largest shareholders called on the U.S. oil and gas producer on Wednesday to drop its anti-takeover defenses and explore a sale
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 DeWitt and Gonzales counties
SilverBow Resources Inc. Aaprominent player in South Texas capital guidance includes $100 million-$110 million with a strategy of reinvesting 70%-80% of cash flow.
