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Swift Talks 2017 Eagle Ford Drilling Program & CapEx
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Swift detailed its 2017 capital budget and expected production.
2017 Capital Program Overview: Capital budget of $85.0 – $95.0 million Significant hedge program to support 2017 expenditures Annual net production of approximately 47.5 – 49.5 Bcfe Gas volumes to account for approximately 85% of production Drilling Plans for 2017:The Company plans to run one rig in the Eagle Ford to complete twelve wells in 2017.
Complete nine wells (not including 3 wells drilled and completed in late 2016) in its Fasken field in Webb County, Drill and complete two wells on its AWP acreage in McMullen County Drill and complete its first well in Oro Grande in LaSalle CountySwift Energy’s net operational capital budget for 2017 is expected to be in the range of $85.0 - $95.0 million. The…
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