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传Crescent Energy(CRGY.US)将斥资21亿美元收购SilverBow Resources(SBOW.US)

Crescent Energy (CRGY.US) is rumored to spend $2.1 billion to acquire SilverBow Resources (SBOW.US)

Zhitong Finance ·  May 16 20:09

According to reports, Crescent Energy is in in-depth negotiations to acquire SilverBow Resources for about $2.1 billion.

The Zhitong Finance App learned that there are reports that Crescent Energy (CRGY.US) is in in-depth negotiations to acquire SilverBow Resources (SBOW.US) for about 2.1 billion US dollars. Boosted by this news, as of press release, SilverBow Resources's US stock rose nearly 9% before the market on Thursday, and Crescent Energy fell more than 2%.

The two companies said the merger will make the combined company the second-largest operator in the Eagle Ford shale area, Texas. It will have a low-attenuation, long-life production portfolio of approximately 250,000 b/d, and deep, high-quality inventory, which can provide significant returns throughout the cycle.

Currently, SilverBow Resources is trying to withstand board challenges from Kimmeridge Energy Management. The latter has been at odds with the company since taking a stake in SilverBow Resources in 2022, and currently owns about 13% of SilverBow Resources's tradable shares.

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