HOUSTON–(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|
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.)|
|Request SilverBow Resources 3Q 2017 Conference Call|
|Webcast:||Live and rebroadcast over the Internet at:|
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.