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Swift Drills 36 Wells in 2014; Talks IP Rates

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Swift Drills 36 Wells in 2014; Talks IP Rates

Swift Energy Company reported its 2014 year-end and fourth quarter financial and operating results.

Key 2014 Highlights RECORD ANNUAL PRODUCTION OF 12.39 MMBOE INCREASED EAGLE FORD ANNUAL PRODUCTION 32% FOUR NEW FASKEN WELLS WITH AVERAGE IP OF 20.8 MMCF/D INCREASED INDIVIDUAL FASKEN WELL RESERVES BY 20% TO 12 BCF BASED ON WELL PERFORMANCE HISTORY TWO NEW AWP BRACKEN WELLS WITH AVERAGE IP OF 5,280 BOE/D, 31% LIQUIDS ACQUIRED RIGHTS TO 24,000 ACRES OF ADDITIONAL HIGH QUALITY, CONTIGUOUS EAGLE FORD GAS LEASEHOLD TARGETING REDUCTIONS OF 15-30% IN VARIOUS 2015 CAPITAL, OPERATING, AND ADMINISTRATIVE COST ITEMS

Terry Swift, CEO of Swift Energy, commented: "Despite the challenging commodity price environment during the last quarter of 2014, Swift finished the year on a strong note, achieving…

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