On March 1, 2024, SilverBow Resources announced that Kimmeridge has made an all-cash takeover offer in February 2023 to take the Company private, but it has abandoned the deal after failing to secure the necessary funding and added that Kimmeridge recently "threatened a multi-year proxy fight" to take control of the Company?s board, and have nominated three directors, "some of whom, based on available information, appear to have close ties with Kimmeridge."Additionally, the Company has engaged with Kimmeridge several times over a possible deal but believed that Kimmeridge is more focused on pursuing tactics to effect a transaction that is unfair to the Company shareholders, far below the Company's intrinsic value. Further, the Company mentioned that Kimmeridge and hedge fund Riposte Capital have been pushing the Company to revamp its board to address governance concerns and boost its lagging performance.