Kimmeridge withdraws its independent nominees to SilverBow’s board

Kimmeridge, the largest shareholder of SilverBow Resources, announced the withdrawal of its independent nominees to SilverBow’s Board of Directors in light of the Company’s pending sale to Crescent Energy. Ben Dell, Co-Founder and Managing Partner of Kimmeridge, said, “While we are disappointed that SilverBow’s Board does not appear to have run a comprehensive sales process, our campaign was always underpinned by a strong belief that consolidation is in the best interests of shareholders. That’s why we took the time in February to privately outline to the Board eight potential strategic transactions the Company should consider to drive value creation.”