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Under the terms of a proposal sent to the board, Kimmeridge would contribute the KTG assets to SilverBow in exchange for 32.4 million shares priced at $34 per share.

The assets include approximately 30,000 acres and current production of 65 million cubic feet equivalent per day.

'It appears that SilverBow is not willing to seriously engage in any discussions of mergers in which it would be the smaller party'.

Kinder Morgan completed the purchase of NextEra Energy Partners' gas pipeline system in South Texas, in a transaction worth $1.82 billion.

Kinder Morgan plans to invest $2.3 billion in capital next year, projecting a five percent growth in EBITDA.

Kinder Morgan saw higher interest expenses and sustaining capital expenditure offset higher activity.

'We now expect to finish 2023 slightly below our plan on a full-year basis, all of which can be explained by expected lower commodity prices.'

Kinder Morgan expects to end the year below expectation on lower commodity prices and higher expenditures.

NextEra Energy Partners is selling STX Midstream for $1.82 billion.

Kinder Morgan will expand the working gas storage capacity at its Markham storage facility.