HOUSTON — SilverBow Resources Inc. has closed its previously announced acquisition of certain assets from SandPoint Operating LLC, a subsidiary of SandPoint Resources LLC. Purchase consideration due to the seller, subject to customary closing adjustments, was comprised of approximately $31 million in cash and 1.3-million shares of SilverBow’s common stock. The cash portion of the purchase was funded with cash on hand and borrowings under the companys revolving credit facility.

For more information, visit www.sbow.com or call (888) 991-SBOW [7269].