Swift Energy Is Pumping More Fluid & Proppant in Eagle Ford Completions

Swift Eagle Ford Acreage Map
Swift Eagle Ford Acreage Map

Swift Energy is testing higher volumes of fluid and proppant in Eagle Ford well completions. The company's number of Eagle Ford completions actually slowed to nine in the third quarter, but production grew due to better well performance.

The company's best well on a boe basis in the third quarter produced over 2,300 boe/d. The completion method utilized on the well included 25% more fluid and proppant. Completion testing didn't stop there.

In a well completed in the fourth quarter, the company tested tighter frac stage intervals and perforation clusters along with fluid and proppant volumes that were double Swift's standard completion. The well performed better than previous wells in the area (~1,600 boe/d at 2,250 PSI), so watch for Swift to begin using a completion design that looks more like what we've seen from EOG.

Swift is now targeting a lower interval of the Eagle Ford and is logging the horizontal section of every well to place completions in the most optimal portions of the wellbore.

Further, we are optimizing our completion designs with longer lateral lengths, increases in frac stages and the volume of frac sand to increase initial production rates and cumulative production of Eagle Ford shale horizontal wells. We expect continued performance and efficiency improvements as we exploit these relationships in our drilling program.
— Terry Swift, CEO

Swift grew company-wide production by ~10% in the quarter and continues to deploy approximately 80% of its development capital in the Eagle Ford. The company is also marketing assets in Central Louisiana to fund aggressive development plans in South Texas.


Swift Energy's Eagle Ford Wells Improving - Looking For JV Partner

Swift Eagle Ford Acreage Map
Swift Eagle Ford Acreage Map

Swift Energy expects to ink an Eagle Ford JV deal by the third quarter of 2013. The company doesn't believe a joint venture is required, but does believe the capital will provide a benchmark valuation of the company's assets. It will also speed up the development process and improve the present value of the underlying assets.

During the first quarter of 2013, Swift completed seven Eagle Ford wells and two Olmos wells.

Terry Swift, CEO, stated “Our refined drilling and completion techniques in the Eagle Ford shale and the strong performance of our base production in Lake Washington resulted in higher than forecast production volumes.  We’re encouraged by our progress so far this year.

A total of four Eagle Ford wells and two Olmos wells were completed in McMullen County. Three more Eagle Ford wells were completed in La Salle County. Four of those wells produced more than 1,000 boe/d:

  • Baetz A EF 3Hin La Salle County - 1,293 boe/d - Eagle Ford
  • PCQ EF 7H in McMullen County- 1,742 boe/d - Eagle Ford
  • Siddons OL 4H in McMullen County- 1,108 boe/d - Olmos
  • SMR OL 6H in McMullen County- 1,074 boe/d - Olmos


Cabot Oil & Gas Q3 2011 Eagle Ford Operations Update

Cabot Oil & Gas had a good day as the company announced earnings . The stock jumped more than $10 per share or 17%. The company is largely focused on its core position in the Marcellus Shale of Northwest Pennsylvania, but Cabot did provide updates related to the Eagle Ford. In 2011, the company will participate in 25-30 net wells. Cabot is planning to operate one rig in the play throughout 2012. The company's last two wells in the Buckhorn area of Frio County produced almost 800 boe/d and over 900 boe/d.

In the Buckhorn area in the Eagle Ford, the company has drilled a total of 24 wells. Each well is 100% working-interest in Frio and La Salle County. 21 of these wells are on production with two wells completing, one well waiting on completion and one well drilling. The 2 most recently completed wells produced at initial 24-hour rates of 938 barrels of oil equivalent per day and 791 barrels of oil equivalent per day.


In our AMI with EOG, there are 6 wells currently on production in this 18,000-plus-acre area with 3 of these wells drilled and completed in the third quarter and the results are at anticipated levels. Gross production for both areas in the Eagle Ford is over 7,600 barrels of oil equivalent per day. Cabot intends to drill or participate in 25 to 30 net Eagle Ford wells in 2011.

Read the company's full press release at cabotog.com