Tag: Swift Energy
Swift Energy sharpens focus on Eagle Ford Basin
Net sales of 1,160 barrels of oil equivalent per day (97%) HOUSTON – Swift Energy Company announced today that it had entered into a purchase and sale agreement providing for the company to sell its Lake Washington field in South East Louisiana, according to a press release. “Swift Energy has made several strategic moves this […]
Swift Energy Company emerges from bankruptcy
Swift Energy sells assets in Central Louisiana to TEXEGY LLC. HOUSTON, Texas – Swift Energy Company says it has completed its financial restructuring and has emerged from Chapter 11. The company said in a press release that it has concluded its reorganization after completing all required actions and satisfying the remaining conditions to its Plan of Reorganization, which […]
Swift Energy bankruptcy filing symbolic of oil patch woes – Fitch
Swift Energy launched $640 million loan in June to pay down borrowings/cash needs but pulled due to poor market The Dec. 31 Chapter 11 bankruptcy filing by Swift Energy Company adds to the growing wave of energy defaults and is representative of continued oil patch challenges, according to Fitch Ratings. Swift Energy’s bankruptcy filing, affecting approximately […]
Houston-based Swift Energy files for bankruptcy, begins restructuring
Swift Energy had to take action in response to the significant reduction in oil and gas prices that the entire industry has been facing. Swift Energy Company has announced it is filing a Chapter 11 plan of reorganization and is converting debt to equity under a restructuring support agreement signed Monday. The company says it has reached […]
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