SilverBow Resources Acquires Chesapeake's South Texas Assets
November 30, 2023
SilverBow Resources, Inc. closed the acquisition of Chesapeake Energy Corporation's oil and gas assets in South Texas for a $700 million purchase price (comprised of $650 million at closing and $50 million deferred), with up to $50 million of contingent consideration based on future commodity prices. The deal significantly increases SilverBow's acreage and production scale in the Eagle Ford, expanding the company's drilling inventory and transforming it into the largest public pure-play Eagle Ford operator.
- Buyers
- SilverBow Resources, Inc.
- Targets
- Chesapeake Energy Corporation (South Texas assets)
- Sellers
- Chesapeake Energy Corporation
- Industry
- Oil & Gas
- Location
- Texas, United States
- Transaction Type
- Buyout
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