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Silverbow / Swift Energy Doubles Capex to $200 Million; Focus on Eagle Ford
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Silverbow Resources recently changed its name from Swift Energy. The company is now focusing exclusively on the Eagle Ford gas play in South Texas. The company's well cost in the Eagle Ford decreased some 16% to $6.4 million in the AWP area. Additionally, the company doubled its planned capital spending in the play from $98 million to $200 million. The company also has, on average, 60% of its gas production hedged at $3.00
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Capital Expenditure - 2017
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