Crescent Energy to Buy SilverBow as U.S. Shale Mergers Continue

Crescent Energy will buy SilverBow Resources in a deal valued at $2.1 billion to create a major player in the Eagle Ford shale formation as the U.S. oil and gas mergers continue in the second quarter of the year. Under the terms of the transaction, SilverBow shareholders will receive 3.

The transaction, subject to customary closing conditions, including approvals by shareholders of each company and typical regulatory agencies, is targeted to close by the end of the third quarter of 2024. Prior to the deal with Crescent Energy, SilverBow was in extensive talks with Kimmeridge about a possible transaction. The Crescent-SilverBow merger is the latest in a series of transactions in the U.S. shale industry which boomed last year and earlier this year. U.S.

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