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Crescent Energy Acquires SilverBow Resources For $2.1 Billion

Crescent Energy has agreed to acquire SilverBow Resources in a deal valued at $2.1 billion. Through this transaction, Crescent will become the second largest operator in the Eagle Ford, at ~250 Mboepd. As part of the transaction, SilverBow shareholders will receive 3.125 shares of Crescent stock for each share of SilverBow stock. David Rockecharlie, the CEO of Crescent reportedly said the combination is immediately accretive to all key per share metrics and solidifies Crescent’s position as a leading operator in the Eagle Ford.

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