SilverBow Resources Announces Actions Taken in Response to Current Market Conditions
SilverBow Resorces, Inc. (SBOW)
Last silverbow resorces, inc. earnings: 3/4 04:05 pm
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US:NYSE Investor Relations:
sbow.com
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)--SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or “the Company”) today provided an update on actions taken in response to the unprecedented global health and safety events impacting the oil and gas market.Sean Woolverton, SilverBow’s Chief Executive Officer, commented, “The safety of our employees, contractors, and partners in the communities in which we operate remains our top priority. We have and will continue to take all necessary actions to ensure the well-being of our stakeholders.”Mr. Woolverton continued, “In light of this unforeseeable abrupt decline in commodity prices, as well as the heightened uncertainty with respect to the duration of depressed prices, we are taking prudent steps to protect our balance sheet while also adjusting capital spend to ensure return thresholds continue to be met. We continue to preserve optionality in order to respond efficiently once market conditions show signs of recovery. SilverBow’s long-term strategy of
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