Swift Energy – PT Saka Energi Eagle Ford Joint Venture

Saka To Pay $175 Million to Swift for 36% Interest in Webb County Acreage
Swift Eagle Ford Acreage Map

Swift Eagle Ford Acreage Map | Click to Enlarge

Houston-based Swift Energy announced in early May of 2014 that it has entered a joint venture agreement with Indonesian-based PT Saka Energi to develop 8,300 Eagle Ford acres in the Fasken area of Webb County.

In March of 2014, Swift revealed it was in negotiations for a joint venture to accelerate development in the Fasken area, after completing three Eagle Ford test wells with average initial production (IP) rates of 22.1 mmcf/d.

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