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Swift Energy Sells Southeast Louisiana Property

Hilcorp Energy Company Swift Energy Co.
AnnouncedNov 21, 2016
TypeProperty
Announced Date
November 21,2016
Close Date
December 02,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
40




Snapshot
Asset/Basin:
{"Gulf Coast"}
Net Acres
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% Oil:
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Location
Region
Gulf Coast

Country
United States

State
Louisiana

County
Plaquemines

Production
Production
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Production Mix
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Calculated Metrics( EV/Category)
$/ Flowing
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$/ Acre
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Transaction Details:  Subscribe to see

Closing Announcement - December 2, 2016

Swift Energy has closed its previously announced divestment of the Lake Washington field in South East Louisiana. The net proceeds received by Swift Energy ($40.0 million, less customary closing adjustments) will be used to reduce the amount of borrowings under the Company’s credit facility which was approximately $245 million prior to receipt of these funds.

Initial Announcement - November 21, 2016

Swift Energy has entered into a purchase and sale agreement providing for the Company to sell its Lake Washington field in South East Louisiana.

Shale Exper…


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United States Deal Activity In Last 12 Months


Other Gulf Coast Region's Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Aug-14-2023 - - Click here Texas  E&P
Jul-13-2023 - - Click here Wyoming  E&P
May-03-2023 - - Click here Texas  E&P
Feb-28-2023 - - Click here Texas  E&P
Feb-21-2023 - - Click here Texas  E&P

Other United States Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Jan-16-2026 - - Click here Louisiana  E&P
Oct-23-2025 - - Click here Louisiana  E&P
Jan-15-2024 - - Click here Louisiana  E&P
Jan-11-2024 - - Click here Louisiana  E&P
Jul-13-2022 - - Click here Louisiana  E&P

Price History


Date Deal Headline Price$/acre
Jan-15-2024 Talos Acquires QuarterNorth Energy For $1.2 Billion -  
Jan-11-2024 Chesapeake To Acquire Southwestern Energy -   7,371
Jul-13-2022 Tellurian to Acquire Haynesville Assets from EnSight for $125 Million -   24,957