Filing Details

The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

  NAME OF REPORTING PERSONS

  Teal Upstream Holdings, LLC

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☒

  SEC USE ONLY

  CITIZENSHIP OR PLACE OF ORGANIZATION

  Delaware, USA

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

  SOLE VOTING POWER

  1,351,961 (1)

  SHARED VOTING POWER

  0

  SOLE DISPOSITIVE POWER

  1,351,961 (1)

  SHARED DISPOSITIVE POWER

  0

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

  1,351,961 (1)

  CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

  ☐

   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

8.41% (2)

  TYPE OF REPORTING PERSON

  OO

Consists of 1,351,961 shares of common stock, par value $0.01 per share (the Common Stock), of SilverBow Resources, Inc. (the Issuer) issued in the Acquisition (as defined in Item 4 below).

Based on 14,726,605 shares of Common Stock outstanding as of October 29, 2021, as represented by Issuer in its Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission on November 4, 2021, plus the 1,351,961 shares of Common Stock issued in the Acquisition.

  NAME OF REPORTING PERSONS

  TNR-CRX STX Holdings LLC (1)

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☒

  SEC USE ONLY

  CITIZENSHIP OR PLACE OF ORGANIZATION

  Delaware, USA

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

  SOLE VOTING POWER

  0

  SHARED VOTING POWER

  1,351,961 (2)

  SOLE DISPOSITIVE POWER

  0

  SHARED DISPOSITIVE POWER

    1,351,961 (2)

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

  1,351,961 (2)

  CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

  ☐

   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

8.41% (3)

  TYPE OF REPORTING PERSON

  OO

TNR-CRX STX Holdings LLC, a Delaware limited liability company (Holdings), is managed by its member, Teal Upstream Holdings, LLC, a Delaware corporation (Teal), and Teal controls Holdings.

Consists of 1,351,961 shares of Common Stock of the Issuer issued in the Acquisition.

Based on 14,726,605 shares of Common Stock outstanding as of October 29, 2021, as represented by Issuer in its Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission on November 4, 2021 plus the 1,351,961 shares of Common Stock issued in the Acquisition.

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);

A group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution: _______________

Name of Reporting Person

Teal

Holdings

Name of Reporting Person

Teal

Holdings

On November 19, 2021 (the Closing Date), pursuant to a purchase and sale agreement dated as of October 8, 2021 by and among the Issuer, SilverBow Resources Operating, LLC, Teal Natural Resources, LLC, and Castlerock Production, LLC, which will be filed with the Securities and Exchange Commission with the Issuers Annual Report on Form 10-K for the year-ended December 31, 2021 (the PSA), the Issuer consummated the acquisition (the Acquisition) of certain oil and gas properties in the Eagle Ford Basin and related assets and contracts in exchange for $45.0 million in cash, subject to customary closing price adjustments, and the issuance to Holdings of 1,351,961 shares of Common Stock (the Shares). Teal, as the managing member of Holdings, is deemed to beneficially own the Shares. Ownership percentages are based on 14,726,605 shares of Common Stock outstanding as of October 29, 2021, as represented by Issuer in its Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission on November 4, 2021, plus the 1,351,961 shares of Common Stock issued in the Acquisition.