Deals - Acquisition, Mergers, Divestitures
Swift Mulling Sale of Austin Chalk, Wilcox Asset Package
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Swift Energy Company has retained Scotia Waterous (USA) Inc. as its exclusive advisor in the potential sale of its Central Louisiana assets.
The Company’s Central Louisiana asset position includes approximately 86,000 mineral acres and three producing oil and natural gas fields: Burr Ferry, Masters Creek, and South Bearhead Creek located in the Austin Chalk and Wilcox fairways.
The audited proved reserves estimates at year end 2012 totaled 20.4 million barrels of oil equivalent of which 65.2% were classified as oil or natural gas liquids. The Company estimates that the resource potential of these fields is approximately 180 million barrels of oil equivalent.
During the third quarter, estimated daily production of these assets has averaged 2,651 barrels of oil equivalent per day…
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