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Tuesday, 07 October, 2008, 14:20 GMT | more prices >>

Swift eyes output boost



By Upstream staff 

US independent Swift Energy expects its recent $250 million acquisition of South Texas properties from Escondido Resources will boost its production in the fourth quarter 2007 by 1.3 to 1.5 billion cubic feet equivalent.

The operator this week closed the previously announced acquisition of an aggregate 82,900 acres in the La Salle County, the Briscoe Ranch area primarily in Dimmit County, and the Las Tiendas area in Webb County.

During the second quarter, the properties produced approximately 21 million cubic feet per day of gas equivalent.


Friday, 12 October, 2007, 15:42 GMT  | last updated: Friday, 12 October, 2007, 15:46 GMT

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