On March 21, 2024, SilverBow Resources shareholder Riposte Capital stated that it supports Kimmeridge Energy Management Company?s recent buyout offer that valued the Company at nearly $2.1B including debt. In addition, Riposte Capital stated that the offer from shareholder Kimmeridge is highly compelling, as the combined company would be positioned to lead further consolidation in the region and would be instantly attractive to the public markets given its scale, modest leverage, inventory depth, and projected 2025 EBITDA in line with peers. Further, Riposte Capital stated that the Company has a fiduciary responsibility to engage with Kimmeridge in good faith negotiations in order to extract the highest possible transaction price, and Riposte Capital wrote, warning that failure to do so could result in legal repercussions and would further highlight management's self-interest.