Exploration & Production | Forecast - Production | Capital Markets | Capital Expenditure
Swift Energy IDs 2015 Spending Plans, Guidance
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Swift Energy has reported its first quarter and full year 2015 capital spending and production guidance.
Swift Energy currently plans to balance its 2015 capital expenditures with its operating cash flow, potential line of credit borrowings and proceeds from asset dispositions and/or joint ventures.
The Company is targeting first quarter production levels of 2.92 to 2.97 MMBoe, including 11.1 to 11.2 Bcf of natural gas production, 0.65 to 0.67 MMBbl of crude oil production, and 0.42 to 0.44 MMBbl of natural gas liquids production. This level of production is based on $30-$35 million in capital expenditures for the quarter.
For the full year, the Company is targeting annual production levels of 11.4 to 11.6 MMBoe based on planned full-year capital expenditures of $110 to $125 million…
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