SilverBow Acquires Sundance, SandPoint in $425 Million A&D Double Play

SilverBow Resources Inc. agreed on April 14 to acquire Sundance Energy Inc. and SandPoint Operating LLC, two independent Eagle Ford Shale operators, for a combined $425 million plus up to $15 million contingent payments based on future commodity prices.

“There is strong industrial logic for these acquisitions as the acreage overlap will allow SilverBow to drive synergies and optimize development plans,” SilverBow CEO Sean Woolverton commented in a company release.

Headquartered in Houston, SilverBow Resources is actively engaged in the exploration, development and production of oil and gas in the Eagle Ford Shale and Austin Chalk in South Texas. The Sundance and SandPoint deals mark the fourth and fifth acquisitions SilverBow announced since the second half of 2021, which cumulatively total over $550 million of transaction value.