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By OGJ editors
HOUSTON, Nov. 10
– Swift Energy Co., Houston, set a preliminary 2011 capital budget of $430-450 million that includes an accelerated drilling program to increase production and reserves, mainly on the company’s liquids-rich acreage in the Eagle Ford shale and the Olmos sands in South Texas.

Swift Energy plans to spend 75-80% of the 2011 funds in South Texas, much of it to drill oil and condensate development wells on acreage that was proved up in 2010. The rest will go towards oil production in Southeast Louisiana and high-rate Austin chalk oil and gas development wells in Central Louisiana-East Texas.

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