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Swift Drills Longest Fasken Eagle Ford Lateral to Date; Talks 2Q
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Swift Energy Company reported its second quarter 2015 financial and operating results.
Key Second Quarter Highlights: Total Production of 2.88 MMBOE, above guidance Revising full-year production guidance to 11.5-11.6 MMBOE and full-year 2015 capital budget to $110-120 million Secured additional 30 MMcf/d takeaway out of Fasken Fasken drilling & completion costs approximately $6.0 million per well Cost reduction initiatives on track; lease operating expenses declined 8% sequentially 21 consecutive wells in Fasken that are expected to meet or beat 12 Bcf type curveTerry Swift, President and CEO of Swift Energy, said: "We delivered another strong quarter despite the continued challenges facing our industry. The comprehensive cost reduction initiatives we implemented have resulted in…
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