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SilverBow Resources Inc. has closed its previously announced all stock transaction to acquire oil and gas assets in the Eagle Ford from an undisclosed seller for $33 million.
Sean Woolverton, SilverBow's Chief Executive Officer, commented, "We continue to execute on our key objectives, as exemplified by the successful closing of this acquisition. Namely, we are growing production and EBITDA while living within cash flow, expanding inventory, driving a peer-leading cost structure and further de-levering our balance sheet. We seek to build on this momentum as we close out the year."
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