SilverBow Resources Acquires Assets of Sundance Energy and SandPoint Resources
April 14, 2022
SilverBow Resources agreed to acquire substantially all assets of Sundance Energy for approximately $354 million (plus up to $15 million contingent) and certain assets from SandPoint Resources for $71 million. The transactions — expected to close in mid/late 2022 — expand SilverBow's Eagle Ford footprint by roughly 39,000 net acres (plus SandPoint acreage), materially increase production and free cash flow, and create near-term synergies from contiguous acreage.
- Buyers
- SilverBow Resources, Inc.
- Targets
- Sundance Energy, Inc., SandPoint Resources, LLC
- Sellers
- Sundance Energy, Inc., SandPoint Resources, LLC
- Industry
- Energy
- Location
- United States
- Transaction Type
- Buyout
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