SilverBow Resources sees Q4 output 353-375 MMcfe/d

The company stated: “For the fourth quarter of 2023, SilverBow is guiding to estimated production of 353-375 MMcfe/d, with expected oil volumes comprising 16,400-17,000 Bbls/d or 28% of total production at the midpoint. For full year 2023, the Company is guiding to a production range of 336-342 MMcfe/d, with expected oil volumes of 13,900-14,100 Bbls/d or 25% of total production at the midpoint. Based on guidance, SilverBow’s full year 2023 oil production is expected to increase roughly 94% year-over-year, with oil/liquids comprising 40% of the total production mix in the fourth quarter of 2023. The Company also increased its free cash flow guidance for full year 2023 to a range of $20-$40 million.”