SilverBow Resources Provides Update to Operations Following Hurricane Harvey; Announces Details for Third Quarter 2017 Earnin...
September 18 2017 - 8:39AM
Business Wire
SilverBow Resources, Inc (NYSE: SBOW) (“SilverBow” or “the
Company”) today announced an update to operations following
Hurricane Harvey as well as the date and information for the
Company’s third quarter 2017 conference call.
SilverBow’s producing assets and facilities in South Texas
sustained no damage during Hurricane Harvey. The Company expects
minimal cleanup costs and currently does not anticipate any
insurance recovery related to the storm. All field crews and
personnel, which includes one rig and one completion crew, have
resumed normal operations. Additionally, the majority of our third
party providers have restarted and resumed taking crude oil and
natural gas. As such, the Company’s production has returned to
pre-hurricane levels.
The Company is adjusting guidance for the third quarter and full
year 2017 to reflect the temporary curtailments of third-party
midstream providers during the Hurricane. The Company is now
guiding for third quarter 2017 production of 149 to 152 million
cubic feet of natural gas equivalent per day (“MMcfe/d”). For the
full year 2017, the Company is now guiding for 146.5 to 150.5
MMcfe/d.
The Company also announced it will host a conference call
at 10:00 a.m. Central Time (11:00 a.m. Eastern Time)
on Tuesday, November 7, 2017 to discuss third quarter 2017
earnings. The Company plans to issue a press release containing its
third quarter 2017 financial results as well as post an updated
Corporate Presentation on its website after the market closes on
Monday, November 6, 2017.
What: SilverBow Resources Third Quarter 2017 Earnings
Conference Call
When:
Tuesday, November 7, 2017 at 10:00 a.m.
Central Time (11:00 a.m. Eastern Time)
Dial In: 1-877-420-2751 (U.S.) 1-442-275-1680
(International) Request SilverBow Resources 3Q 2017 Conference Call
Webcast: Live and rebroadcast over the Internet at:
www.sbow.com
Replay:
A replay will be available approximately
two hours after the call through November 21, 2017, at 10:59 p.m.
Central Time (11:59 p.m. Eastern Time). The replay may be accessed
by dialing (855) 859-2056 or (404) 537-3406, and referencing the
Conference ID: 87283451.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170918005741/en/
SilverBow Resources, Inc.Doug Atkinson, CFA, 281-874-2700,
800-777-2412Senior Manager – Finance & Investor Relations
SilverBow Resources (NYSE:SBOW)
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