Stewardship

The dictionary defines a "steward" as someone who manages the property or financial affairs of another person. At SilverBow Resources, we are keenly aware that we are responsible for the resources that have been entrusted to us.

In 2008, we enshrined stewardship into our mission statement, where it is now defined as follows:

Protecting health and safety and preserving environmental quality
Maintaining high standards for ethical conduct
Enhancing economic vitality of the communities where we operate
Respecting and trusting one another as we carry out our roles and responsibilities

As stewards, we want to utilize and develop the resources entrusted to us to their fullest potential, and as our mission statement suggests, that means fulfilling responsibilities in four major areas: 1) as environmental stewards, 2) as role models of ethical behavior, 3) as community leaders, and 4) as team players who work together for the common good.

In the paragraphs below, we describe how we are meeting our obligations in these four areas.


As an independent oil and gas company, we recognize that we have a responsibility to all of our stakeholders to integrate health, safety, and environmental management processes into all our work activities. We continually emphasize to all of our employees, as well as all our contractors, that we must meet our operational and financial objectives without endangering the environment or the health and safety of those around us. In order to meet this goal effectively, we emphasize prevention rather than merely responding to problems after they occur, and we seek to continuously improve our processes so that health, safety, and the environment remain among our highest priorities.

As stewards, we are also responsible for the cultural values handed down to us from others. Our company's culture is built around seven core values of stewardship, improvement, performance, passion, integrity, trust, and teamwork. We actively seek to live out those seven values in our day-to-day relationships with one another, and we try to serve as role models for those values in our relationships with our vendors, contractors, and the broader community.

As good stewards, we also realize that we have a responsibility to the communities where we operate. Part of that responsibility is to provide good jobs for people living in those areas, but we have to give back to those communities in other ways as well. We do this under the banner of SilverBow Cares. In the aftermath of Hurricane Harvey, we set out to serve the community in two ways. First, through our SilverBow Resources Charitable Fund, we established a Disaster Relief Committee for hurricane relief support. We combined contributions from both our employees and the company to provide financial support to the disaster recovery efforts of the United Way Relief Fund, Samaritan’s Purse, Team Rubicon, Texas Diaper Bank, Texas Education Agency and families negatively impacted by the storm. Further, a group of our employees contributed their time and labor performing demolition and remediation at a home that flooded in the vicinity of our office, while another group contributed their time to efforts at the United Way Relief Fund, a partnership with the Houston Food Bank, sorting food and supplies for those impacted.

We are in the process of identifying two or three organizations in our community to partner with on a long-term basis as part of our continued SilverBow Cares initiative, including organizations that would benefit from our employees’ time and the resources. In addition, we have many employees that have participated in charitable endeavors as individuals such as: Komen Walk for the Cure, MS 150 Houston to Austin Bike Race that raises funds for the fight against multiple sclerosis and the Avon Walk for Breast Cancer.

Finally, in our role as good stewards, we believe we have a responsibility to team with our employees to help them realize their individual goals just as they help us to achieve our corporate objectives.

We try to provide challenging and rewarding opportunities for our employees, and we want to support them in lifelong learning. As a result, we continue to invest in employee education and training. Each year we align our training programs with the technical and business skills that enable our employees to become more productive and competitive within the ever-changing oil and gas industry. Through the years, we have supported our employees in obtaining undergraduate and graduate degrees, including certifications in technical, administrative, business and financial disciplines.