Deal Snapshot
SilverBow Resources Closes USD 71m Acquisition of Oil and Gas Firm SandPoint
Thursday 12 May 2022

US-based energy company SilverBow Resources, Inc. (NYSE: SBOW) has closed the acquisition of certain assets from SandPoint Operating, LLC, a subsidiary of Texas-based oil and gas firm SandPoint Resources, LLC, the company said.

SandPoint Resources, LLC is an independent oil and gas company formed in 2018 and headquartered in San Antonio, Texas. Purchase consideration due to the seller, subject to customary closing adjustments, was comprised of approximately USD 31m in cash and 1.3m shares of SilverBow's common stock.

Date Published: 12/05/2022