SilverBow Resources, Inc. is a growth-oriented independent oil and gas company. It engages in the acquiring and developing assets in the Eagle Ford Shale. The company was founded on October 11, 1979 and is headquartered in Houston, TX.
For the six months ended June 30, 2018, the Company generated cash from operating activities of $53.0 million, of which $5.6 million was attributable to changes in working capital. Cash used for property additions was $84.1 million. This excluded $35.3 million attributable to a net increase of capital-related payables and accrued costs. Additionally, $6.0 million was paid during the six months ended June 30, 2018 for property sale obligations related to the sale of our former Bay De Chene field. The Company’s net payments on the revolving Credit Facility were $9.0 million, which includes the pay-down on Credit Facility borrowings with proceeds from our AWP Olmos field sale.