SilverBow presents at EnerCom’s The Oil & Gas Conference®

SilverBow Resources is a growth oriented independent oil and gas company headquartered in Houston. SilverBow is a pure play value and growth opportunity in the Eagle Ford shale. SilverBow has been operating in South Texas for almost 30 years.

Q2 highlights

  • Total production averaged approximately 160 million cubic feet of natural gas equivalent per day
  • Current production of ~200 MMcfe/d representing ~33% growth in last 30 days
  • Third Quarter production guidance of 187 – 204 MMcfe/d
  • Latest Upper Eagle Ford wells outperforming type curves
  • Revenues of $51.3 million, net Income of $2.3 million, and Adj. EBITDA (a non-GAAP measure) of $31.3 million
  • Lease operating expenses of $0.26/Mcfe which represents the company’s first full quarter of LOE without the previously divested AWP Olmos wells
  • Crude oil and natural gas realizations in the second quarter were 101% and 105% of WTI and Henry Hub, respectively, excluding hedging, as a result of favorable basis pricing in the Eagle Ford
  • Strong balance sheet with $255 million of liquidity

Breakout session at the EnerCom conference

During SilverBow’s breakout session at the 2018 EnerCom conference, management was asked the following questions:

  • What is your long-term forecast for oil and gas prices? What are the projected production and reserve numbers for each?
  • What are your expectations for the short and long term markets?
  • What can we expect from new wells?
  • What is your gas processing plan?

You can listen to Silver Bow’s presentation here.

 


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