Swift Energy Inks Gathering Deal - Reports Austin Chalk Results in LA

Swift Energy Eagle Ford Shale Acreage Map
Swift Energy Eagle Ford Shale Acreage Map

Swift Energy signed a gathering agreement with Eagle Ford Gathering, LLC. Swift will have 40 mmcfd of firm capacity on the system in LaSalle County by the fourth quarter of 2012.

Eagle Ford Gathering, LLC is a 50/50 midstream partnership between Kinder Morgan (KMP) and Copano Energy (CPNO).

On a side note - the company reported a successful Austin Chalk well in Vernon Parish, LA. The well produced 744 b/d of oil and 7.2 mmcfd of natural gas.