SilverBow Resources Announces Strong Oro Grande Well Result

HOUSTON–(BUSINESS WIRE)–SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or “the Company”)
today announced that the Company’s Oro Grande NMC 1-H well had
cumulative production over 940 million cubic feet of natural gas
equivalent (“MMcfe”) after ninety producing days. The well is currently
producing approximately 11 million cubic feet of natural gas equivalent
per day (“Mmcfe/d”) with nearly 6,000 pounds per square inch (“psi”) of
flowing tubing pressure under the Company’s detailed pressure management
program. The well had a lateral length of 7,500 feet and utilized the
Company’s largest completion design of roughly 3,400 pounds of proppant
per lateral foot.

“Our use of modern seismic, geo-steering, and completion design are
yielding a marked increase in our well performance as compared to the
historical development in this area,” said Sean Woolverton, Chief
Executive Office of SilverBow Resources. “The NMC 1-H is an important
milestone and proof-of-concept well for the Company as we transfer our
learnings from Fasken to other areas of the gas and condensate windows
of the Eagle Ford. Furthermore, our strong results from Oro Grande have
prompted us to move the rig back to the area to drill our second well
sooner than what was originally scheduled. We are currently completing
the NMC 2-H with plans to drill a third well in the area in early 2018.”

About SilverBow Resources

SilverBow Resources (NYSE: SBOW) is a Houston-based energy company
actively engaged in the exploration, development, and production of oil
and gas from the Eagle Ford Shale in South Texas. With almost 30 years
of history operating in South Texas, the Company possesses a significant
understanding of regional reservoirs which we leverage to assemble high
quality drilling inventory while continuously enhancing our operations
to maximize returns on capital invested. For more information please
visit www.sbow.com.

Forward-Looking Statements

This release includes “forward-looking statements” within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended. The opinions,
forecasts, projections, or other statements other than statements of
historical fact, are forward-looking statements. Although the Company
believes that the expectations reflected in such forward-looking
statements are reasonable, no assurances can be given that such
expectations will prove to have been correct. Certain risks and
uncertainties inherent in the company’s business are set forth in the
filings of SilverBow Resources, Inc. with the Securities and Exchange
Commission.

Contacts

SilverBow Resources, Inc.
Doug Atkinson, CFA, (281) 874-2700, (800)
777-2412
Senior Manager – Finance & Investor Relations