---
schema_version: "secwatch.filing_event.v1"
accession: "0000351817-23-000109"
form_type: "8-K/A"
ticker: null
cik: "0000351817"
company_name: "SILVERBOW RESOURCES, INC."
filed_at: "2023-12-05T23:59:59+00:00"
generated_at: "2026-06-07T18:20:36.246311+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# SilverBow closes $700M Chesapeake South Texas Eagle Ford asset acquisition; provides historical financials

## Summary
- Acquired ~42,000 net acres and ~540 wells for $700M: $650M cash at close and $50M on first anniversary, plus up to $50M contingent on commodity price triggers.
- Acquired assets generated $483.4M revenue in FY2022, $347.5M in FY2021; excess of revenue over direct op ex of $294.4M and $201.1M, respectively.
- For nine months ended Sep 30, 2023, revenue of $291.8M, excess over direct op ex of $169.4M.
- Proved reserves at Dec 31, 2022: 315.1 Bcf natural gas, 30.5 MMbbl oil, 41.3 MMbbl NGL (746.2 Bcfe total).
- Transaction closed Nov 30, 2023; initial 8-K now supplemented with required financial statements.

## SEC filing metadata
- accession: 0000351817-23-000109
- form_type: 8-K/A
- cik: 0000351817
- company_name: SILVERBOW RESOURCES, INC.
- filed_at: 2023-12-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/351817/000035181723000109/0000351817-23-000109-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/351817/000035181723000109/sbow-20231130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000351817-23-000109
- JSON: https://secwatch.observer/filing/0000351817-23-000109.json
- Plain text: https://secwatch.observer/filing/0000351817-23-000109.txt

## Key facts
- M&A Transactions
  SILVERBOW RESOURCES, INC. completed an acquisition involving Chesapeake Energy Corporation (through subsidiaries Chesapeake Exploration, L.L.C., Chesapeake Operating, L.L.C., Chesapeake Energy Marketing, L.L.C. and Chesapeake Royalty, L.L.C.) (closed 2023-11-30).
  - Action: acquisition
  - Counterparty: Chesapeake Energy Corporation (through subsidiaries Chesapeake Exploration, L.L.C., Chesapeake Operating, L.L.C., Chesapeake Energy Marketing, L.L.C. and Chesapeake Royalty, L.L.C.)
  - Closing: 2023-11-30
  source text: on November 30, 2023, the Company and its operating subsidiary, SilverBow Resources Operating, LLC, closed the previously announced acquisition of Chesapeake Energy Corporation's oil and gas assets in South Texas (the "South Texas Rich Properties")
  evidence_url: https://www.sec.gov/Archives/edgar/data/351817/000035181723000109/0000351817-23-000109-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.