SilverBow Resources, Inc. (SBOW) Reports Q2 Revenues Miss

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Go back to SilverBow Resources, Inc. (SBOW) Reports Q2 Revenues Miss

SilverBow Resources Announces Second Quarter 2020 Results

August 4, 2020 4:05 PM EDT

HOUSTON--(BUSINESS WIRE)-- SilverBow Resources, Inc. (NYSE: SBOW) (SilverBow or the Company) today announced operating and financial results for the second quarter of 2020. Highlights include:

Net production averaged approximately 142 million cubic feet of natural gas equivalent per day (MMcfe/d), above the high end of guidance Returned approximately 50 MMcfe/d of previously curtailed net production to sales in June; approximately 50 MMcfe/d of net production remains shut-in Closed divestiture of non-core Wyoming assets for approximately $5 million of total proceeds Reported a net loss of $306 million primarily due to... More