Add-on Acquisition • Oil/Gas Exploration

SilverBow Acquires Sundance Energy

On April 14, 2022, SilverBow acquired oil/gas exploration company Sundance Energy for 369M USD

Acquisition Context
  • This is SilverBow’s 3rd transaction in the Oil/Gas Exploration sector.
  • This is SilverBow’s largest (disclosed) transaction.
  • This is SilverBow’s 3rd transaction in the United States.
  • This is SilverBow’s 1st transaction in Colorado.

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M&A Deal Summary

Date April 14, 2022
Target Sundance Energy
Sector Oil/Gas Exploration
Buyer(s) SilverBow
Deal Type Add-on Acquisition
Deal Value 369M USD
Advisor(s) Piper Sandler & Co.
TD Securities (Financial)
Kirkland & Ellis (Legal)

Target Company

Sundance Energy

Denver, Colorado, United States
Sundance Energy is a US oil and gas producer, with extensive experience and a strategy for sustainable, systematic expansion. Sundance Energy was founded in 2004 and is based in Denver, Colorado.
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Buyer Overview 1

Buyer

SilverBow

Houston, Texas, United States

Category Company
Founded 1979
Sector Oil/Gas Exploration
Revenue 652M USD (2023)
DESCRIPTION

SilverBow is an oil and gas company that engages in developing, exploring, acquiring, and operating oil and gas properties with a focus on onshore and inland waters oil and natural gas reserves in Louisiana and Texas, as well as oil and natural gas reserves in New Zealand. SilverBow was founded in 1979 and is based in Houston, Texas.


Deal Context for Buyer #
Overall 3 of 3
Sector: Oil/Gas Exploration 3 of 3
Type: Add-on Acquisition 2 of 2
State: Colorado 1 of 1
Country: United States 3 of 3
Year: 2022 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-14 SandPoint Resources - Oil & Gas Assets

San Antonio, Texas, United States

Sandpoint's assets include oil and gas assets targeting the Eagle Ford and Olmos formations in La Salle and McMullen counties. Contiguous acreage in La Salle and McMullen counties, with ~27,000 net acres.

Buy $71M