Quarterly / Earnings Reports | Third Quarter (3Q) Update | Capital Markets | Capital Expenditure - 2020
Eagle Ford Gassy E&P Changes Strategy; Focusing On Oily Assets; 2020
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SilverBow Resources, Inc. announced operating and financial results for the third quarter of 2019.
2020 Outlook; 30% Lower Capex, Oil Output UpWhile still finalizing the 2020 budget, the Company expects to increase oil production by over 25% year-over-year and generate free cash flow while reducing capital expenditures by approximately 30% to a preliminary range of $175-$195 million. Additional detail concerning the Company's fourth quarter and full-year 2019 financial and operational guidance can be found in the table included at the end of today's news release and the Corporate Presentation uploaded to the Investor Relations section of the Company's website.
The company said it plans to focus its 2020 capital on being more oily. As you can see from the chart above, the company…- ✓ Full news archive — U.S., Canada & international coverage
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