SilverBow Resources to acquire oil and gas assets in DeWitt and Gonzales counties for $87m.

SilverBow Resources, a Houston-based energy company actively engaged in the exploration, development, and production of oil and gas, agreed to acquire oil and gas assets in DeWitt and Gonzales counties for $87m. "This transaction fits our disciplined growth strategy of adding production at attractive valuations and increasing our high-quality inventory across both the Eagle Ford and Austin Chalk formations. The acquisition is a mix of incremental working interest on our existing acreage as well as new adjacent acreage, which provides for extended lateral lengths, increased drilling locations and enhanced returns for our optimized development program," Sean Woolverton, SilverBow CEO.