Swift Energy (SFY) has 75,000 net acres under lease in the Eagle Ford Shale in Texas. The acreage is distributed as follows:
McMullen County – 53,000 net acres
La Salle County – 14,000 net acres
Webb County – 8,000 net acres
Swift Energy believes that it has 469 drilling locations in the Eagle Ford Shale, assuming 160 acre spacing. The company is using an estimated ultimate recovery (EUR) of 4-7 Bcfe, and a completed well cost of $5-6 million.
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