Kimmeridge Issues New Merger Proposal to SilverBow Resources ...Middle East

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Kimmeridge Issues New Merger Proposal to SilverBow Resources
source : OILPRICE ( Middle East ) () 31
Kimmeridge Energy Management proposed on Wednesday a new offer for South Texas oil and gas producer SilverBow Resources as the energy asset manager continues to pursue a deal with SilverBow that could become another in a long list of U.S. oil and gas mergers in recent months. Kimmeridge proposed to combine Kimmeridge Texas Gas (KTG) and SilverBow in a deal that values SilverBow Resources at around $2.1 billion including debt. The KTG assets have an equity value of $1.1 billion and an expected enterprise value of $1.4 billion…

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