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SilverBow Resources spurns Kimmeridge, agrees to Crescent Energy's $2.1 billion merger - Upstream Online

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SilverBow Resources spurns Kimmeridge, agrees to Crescent Energy's $2.1 billion merger | Upstream

ShaleAfter spurning Kimmeridge, US producer agrees to merger with another companySilverBow Resources to be acquired by Crescent EnergySilverBow Resources chief executive Sean Woolverton.Photo: SILVERBOW RESOURCESRobert StewartNorth America Energy CorrespondentBaton Rouge

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Related Knowledge Center: ENERGY BASICS: renewables

State of Play

Renewable energy sources — once the fuel of the future, then practical in specific, narrow applications — are increasingly economic mainstream sources of power generation. Hydropower was long the mainstay of U.S. renewable electricity generation, although wind power surpassed hydro for the first time in 2019, and solar continues its rapid growth. The continued growth of wind and solar, with their fluctuations, is tied in part to improvements in storage technology: batteries.

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