PURCHASE AND SALE AGREEMENT among TEAL NATURAL RESOURCES, LLC, CASTLEROCK PRODUCTION, LLC together as Seller and SILVERBOW RESOURCES, INC., and SILVERBOW RESOURCES OPERATING, LLC, as Buyer dated October 8, 2021Purchase and Sale Agreement • March 3rd, 2022 • Silverbow Resources, Inc. • Crude petroleum & natural gas • Texas
This PURCHASE AND SALE AGREEMENT (this “Agreement”) is executed as of this 8th day of October, 2021 (the “Execution Date”), and is among TEAL NATURAL RESOURCES, LLC, a Delaware limited liability company (“Teal”), and CASTLEROCK PRODUCTION, LLC, a Delaware limited liability company (“Castlerock” and together with Teal, “Seller”), and SILVERBOW RESOURCES OPERATING LLC, a Texas limited liability company (“Buyer”) and SILVERBOW RESOURCES, INC., a Delaware corporation (“SilverBow” and together with Buyer, the “Buyer Parties”). Teal, Castlerock, Buyer and SilverBow are referred to in this Agreement each individually as a “Party” and together as the “Parties”.
