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Swift Sees Eagle Ford-Heavy 2Q; Completes Nine Wells
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Swift Energy Company reported second quarter 2014 results today including a 24% increase in production, a 24% increase in adjusted cash flow and a 20% increase in net income, when compared to the second quarter of 2013.
Swift Energy’s production increased 24% to 3.45 million barrels of oil equivalent during the second quarter of 2014, when compared to second quarter 2013 production of 2.78 MMBoe, and a 17% increase over first quarter 2014 production of 2.94 MMBoe. This production growth was driven by the Company’s Eagle Ford properties in South Texas, where second quarter 2014 production from the Eagle Ford formation was approximately 26,600 barrels of oil equivalent per day, an increase of approximately 71% compared to second quarter 2013 levels.
Terry Swift, CEO of Swift Energy…
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