SilverBow to draw on revolver for purchase of oil and gas assets

By Sara Rosenberg

New York, Oct. 3 – SilverBow Resources Inc. plans to use borrowings under its revolving credit facility and cash on hand to fund its acquisition of oil and gas assets in DeWitt and Gonzales counties for about $87 million, according to a news release.

Closing is expected in the fourth quarter.

SilverBow is a Houston-based energy company.

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