Swift Energy (SFY) held a conference call on November 4, 2010, to discuss the company’s earnings report for the third quarter of 2010, and made comments on its activities in the Eagle Ford Shale in Texas.
“In south Texas approximately 79,000 perspective acres in the Eagle Ford shale… High industry levels of activity particularly across the Eagle Ford Shale further confirm the value and upside we recognize in our own Eagle Ford shale acreage.”
“Three operated horizontal development wells were drilled to the Eagle Ford Shale…Two non operated horizontal developed wells were drilled by our joint venture partner to the Eagle Ford Shale.”
“One operated horizontal exploration well was drilled to the Eagle Ford Shale in LaSalle County. The company has three rigs capable of drilling horizontal wells in the Eagle Ford.”
“The Carden 1-H an exploration well, was drilled to test the Eagle Ford shale formation on Swift Energy acreage in LaSalle County during the third quarter. A 14-stage completion was performed on this well, which is in the process of flowing back and being brought on line.”
