The transaction, announced in May, is expected to close shortly after receiving stockholder approval from both companies. (Source: Shutterstock)
Crescent Energy Co.’s pending acquisition of SilverBow Resources Inc. has cleared the Federal Trade Commission’s imposed waiting period, the companies announced on July 2.
The ending of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 satisfies an important condition necessary for the completion of the transaction.
The $2.1 billion deal would create one of the Eagle Ford Shale’s largest operators.
RELATED
Could Crescent, SilverBow Buy More in South Texas After $2.1B Deal?
Meetings for both Crescent and Silverbow stockholders are scheduled for July 29 to vote on the transaction for stockholders of record as of June 28.
The transaction, announced in May, is expected to close shortly after receiving stockholder approval from both companies.
Recommended Reading
Atlas Commissions 42-mile Dune Express Conveyor, Lowers 3Q Guidance
2024-10-10 - Atlas Energy Solutions said its Dune Express proppant conveyor remains on time and on budget, but the company expects lower revenue and EBITDA for the third quarter.
Baker Hughes Lands Company’s Largest Compressor Line Order
2024-10-10 - Baker Hughes’ project includes 10 integrated compressor line units that will be installed at the Margham Gas storage facility in Dubai, United Arab Emirates.
Smart Tech Moves to the Hazardous Frontlines of Drilling
2024-10-08 - In the quest for efficiency and safety, companies such as Caterpillar are harnessing smart technology on drilling rigs to create a suite of technology that can interface old and new equipment.
E&P Highlights: Oct. 7, 2024
2024-10-07 - Here’s a roundup of the latest E&P headlines, including a major announcement from BP and large contracts in the Middle East.
Kimmeridge’s Dell: Every US Basin Contains Both High-quality Inventory, Risk
2024-10-05 - Inventory management is a problem for the E&P space, no matter the basin, said Kimmeridge Energy Management's Ben Dell at Hart Energy's Energy Capital Conference in Dallas.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.