Oct 16, 2017   SOURCE: BusinessWire

SilverBow Resources Announces Strong Oro Grande Well Result

SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or “the Company”) today announced that the Company’s Oro Grande NMC 1-H well had cumulative production over 940 million cubic feet of natural gas equivalent (“MMcfe”) after ninety producing days. The well is currently producing approximately 11 million cubic feet of natural gas equivalent per day (“Mmcfe/d”) with nearly 6,000 pounds per square inch (“psi”) of flowing tubing pressure under the Company’s detailed pressure management program. The well had a lateral length of 7,500 feet and utilized the Company’s largest completion design of roughly 3,400 pounds of proppant per lateral foot.

“Our use of modern seismic, geo-steering, and completion design are yielding a marked increase in our well performance as compared to the historical development in this area,” said Sean Woolverton, Chief Executive Office of SilverBow Resources. “The NMC 1-H is an important milestone and proof-of-concept well for the Company as we transfer our learnings from Fasken to other areas of the gas and condensate windows of the Eagle Ford. Furthermore, our strong results from Oro Grande have prompted us to move the rig back to the area to drill our second well sooner than what was originally scheduled. We are currently completing the NMC 2-H with plans to drill a third well in the area in early 2018.”

About SilverBow Resources

SilverBow Resources (NYSE: SBOW) is a Houston-based energy company actively engaged in the exploration, development, and production of oil and gas from the Eagle Ford Shale in South Texas. With almost 30 years of history operating in South Texas, the Company possesses a significant understanding of regional reservoirs which we leverage to assemble high quality drilling inventory while continuously enhancing our operations to maximize returns on capital invested. For more information please visit www.sbow.com.

Forward-Looking Statements

This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The opinions, forecasts, projections, or other statements other than statements of historical fact, are forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurances can be given that such expectations will prove to have been correct. Certain risks and uncertainties inherent in the company’s business are set forth in the filings of SilverBow Resources, Inc. with the Securities and Exchange Commission.