SilverBow Resources Investor Presentation Closing of Chesapeake Acquisition and Guidance Update November 2023
Transformative Acquisition Closed SilverBow has closed the acquisition of Chesapeakes remaining South Texas assets 700 million purchase price, comprised of a 650 million upfront cash payment paid at closing and an additional 50…
Track Record of South Texas Acquisitions Eagle Ford Shale Play Black Oil Volatile Oil Condensate Wet Gas SilverBow Dry Gas Acquired Assets San Isidro Post Oak Teal SandPoint Sundance Arkoma Conoco Chesapeake Acquisition…
Contiguous Acreage Allows For Development Flexibility Atascosa Karnes Zavala Frio E Fayette C Gonzales McMullen Lavaca Dimmit La Salle De Witt Live Oak A D 8% 8% 27% 222,000 Webb Duval Net Acres 33% B Acreage…
Preliminary 2024 Outlook Fully utilized frac spread drives greater ASSET INTEGRATION operational efficiencies Cost efficiency and sustainability Three drilling rigs One dedicated frac crew OIL PRODUCTION Significant growth…
Pathway to Scale Through Drillbit & Acquisitions Production Over Time(1) (MMcfe/d) 551 - 611 213 SBOW Private Co. Post Oak Teal SandPoint Sundance Arkoma Undisclosed Chesapeake SBOW 7/31/21 Drilling YE24E 2Q21 2024E…
Financial Discipline is Integral to Strategy Revolving Credit Facility (due Oct-26) Debt Maturity Schedule(1) 1.2 billion borrowing base No near-term debt maturities (MM) 751 million outstanding(1) 1,200 SOFR + 2.75%-3.75% 1,000…
2023 Guidance and Preliminary 2024 ACTUAL GUIDANCE 4Q22 FY22 1Q23 2Q23 3Q23 4Q23 FY23 FY24 Production Volumes: Oil (Bbls/d) 11,119 7,216 11,362 12,491 15,326 18,000 - 20,000 14,300 - 14,900 23,500 - 26,500 Gas (MMcf/d) 208 194 200…
Definition of Non-GAAP Financial Measures Adjusted EBITDA: The Company presents Adjusted EBITDA attributable to common stockholders in addition to reported net income (loss) in accordance with GAAP. Adjusted EBITDA is calculated as net…
SBOWay Corporate Information CORPORATE HEADQUARTERS SilverBow Resources, Inc. 920 Memorial City Way, Suite 850 Houston, Texas 77024 (281) 874-2700 or (888) 991-SBOW www.sbow.com CONTACT INFORMATION Jeff Magids Vice President…
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