Reports Q4 revenue $199.0M, consensus $194.8M. Sean Woolverton, CEO, commented, "In 2022, SilverBow continued to execute on its growth strategy through the drillbit and accretive acquisitions to increase scale while remaining leverage neutral. The four accretive acquisitions we closed during the year significantly expanded our production base and high-return inventory, with an emphasis on oil locations. Additionally, we achieved positive results with our Webb County Austin Chalk delineation efforts where we delivered some of the highest returning wells in our portfolio and have identified inventory upside. In total, our borrowing base increased by nearly 70% during the year, and our proved reserves and PV-10 value increased by 58% and 173% year-over-year, respectively. At year-end 2022, our SEC PV-10 value was $5.0 billion reflecting organic development and the aforementioned acquisitions. It was an exceptional year for SilverBow and we are excited about the many opportunities ahead."
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