Crescent Energy and SilverBow have entered into a definitive agreement pursuant to which Crescent will acquire SilverBow in a transaction valued at $2.1 billion.
Oil erased earlier losses to close higher, but remained within a tight range as traders weighed shrinking US stockpiles and the outlook for inflation in the world's largest economy.
'Any extended delays in publication of guidance for the Sec. 45Z credit may disrupt project timelines, impede capital flows, and threaten existing production and demand for low carbon renewable fuels'.