SilverBow Closes $33 Million All-stock Acquisition in Eagle Ford Shale

The recent acquisition bolstered SilverBow Resources’ gas position in the Eagle Ford in McMullen and Live Oak counties while also adding new oil positions in Atascosa, Lavaca and Fayette counties in South Texas.

Hart Energy Staff

SilverBow Resources Inc. closed on Oct. 4 its previously announced all-stock transaction to acquire oil and gas assets in the Eagle Ford from an undisclosed seller.

The acquisition, which added 45,000 total net acres to  SilverBow’s position in the Eagle Ford Shale, exemplified the execution of key company objectives, according to SilverBow CEO Sean Woolverton.

“Namely, we are growing production and EBITDA while living within cash flow, expanding inventory, driving a peer-leading cost structure and further de-levering our balance sheet,” Woolverton commented in a company release on Oct. 4.

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