Operational Updates
Swift Energy's Texas, Louisiana Activity Hits 2.87MM BOE
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Swift Energy Company reported earnings from continuing operations of $3.1 million for the third quarter of 2012, or $0.07 per diluted share, a decrease of 82% when compared to third quarter 2011 earnings from continuing operations of $17.0 million, or $0.39 per diluted share, and an increase of 3% when compared to earnings of $3.0 million in the second quarter of 2012.
Swift Energy produced 2.87 million barrels of oil equivalent (MMBoe) during the third quarter of 2012, a 13% increase over third quarter 2011 production of 2.54 MMBoe, and down 1% compared to second quarter 2012 production of 2.92 MMBoe. The Company previously announced that Hurricane Isaac caused approximately 175,000 barrels of oil equivalent (Boe) of primarily crude oil production to be shut-in during the third…
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