SilverBow Snaps Up More Eagle Ford Acreage with $75 Million Acquisition

The transaction represents SilverBow Resources’ third acquisition in the Eagle Ford since the beginning of August and the largest to date for the company, says CEO Sean Woolverton.

SilverBow Snaps Up More Eagle Ford Acreage with $75 Million Acquisition

In its latest acquisition, SilverBow will add 17,000 total net acres in the oil window of the Eagle Ford shale play in La Salle, McMullen, DeWitt and Lavaca counties, Texas. (Source: Hart Energy)

SilverBow Resources Inc. continued to add to its position in the Eagle Ford Shale on Oct. 11 with the acquisition of oil-weighted properties for $75 million.

The transaction, with two undisclosed sellers, represents SilverBow’s third acquisition since the beginning of August and the largest to date for the company, according to SilverBow CEO Sean Woolverton.

“Today’s announcement is a testament to the extensive work we have done evaluating opportunities and executing our in-basin consolidation plan,” Woolverton commented in a company release on Oct. 11.

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Emily Patsy

Emily Patsy is the senior managing editor for Hart Energy’s Digital News Group. She's responsible for the daily news flow and also manages the A&D Watch and Energy Pulse weekly newsletters.