On May 22, 2024, Kimmeridge Energy Management Company announced that the withdrawal of its independent nominees to SilverBow Resources Board of Directors in light of the Company's pending sale to Crescent Energy and mentioned that it is thankful for the overwhelming support of its slate of independent Board nominees from the investment community, which helped catalyze this transaction, and it believes that the proposed sale of the Company obviates the need for Board change at this time.