Published on 1 Mar 2024 on Hart Energy via Yahoo Finance
Kimmeridge Activates on SilverBow: A Battle for South Texas Gas
Kimmeridge Energy Management wants three seats on SilverBow Resources’ board and to remove one member, according to a regulatory filing, as the investment firm agitates for more control of the E&P. Kimmeridge is looking for a way to come up with a reliable 267 MMcf/d to complete its own LNG-supply deal.
Gas-weighted SilverBow operates wholly in South Texas in the Eagle Ford Shale and Austin Chalk and averages 476 MMcf/d.
Investment firm Kimmeridge, which owns 12.9% of SilverBow’s shares, also operates in South Texas via its gas-weighted Kimmeridge Texas Gas (KTG), producing 202.5 MMcf/d.