Operational Updates
Swift Energy Resumes Operation After Hurrican Issac
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Swift Energy, announced today it has begun the resumption of production operations at its Lake Washington Field in Plaquemines Parish and Bay de Chene Field in Jefferson and Lafourche Parishes which were shut-in beginning on August 26 in the face of Hurricane Isaac.
After comprehensive assessment of production and safety systems, Lake Washington and Bay de Chene incurred relatively minor damage. Repairs to infrastructure are not expected to require significant capital expenditures, but prolonged poor weather has further delayed the resumption of field-wide operations in Lake Washington. The Company estimates that approximately 25% - 30% of its Lake Washington production has been brought back online, with the remaining production shut-in until minimal, but critical, repairs are made to the…
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