SWIFT ENERGY COMPANY (OTCMKTS:SFYWQ) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
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Entry Into a Material Definitive Agreement
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operating subsidiary Swift Energy Operating, LLC, (collectively
referred to herein as the Company), entered into a purchase and
sale agreement (the Agreement) with Hilcorp Energy I, L.P. to
sell the Companys Lake Washington field in South East Louisiana.
The transaction is expected to close on or about December 1,
2016, subject to normal closing conditions, with a sale price of
$40 million.
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Item 7.01
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Regulation FD Disclosure
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announcing the execution of the Agreement discussed in Item 1.01
above. A copy of this release is attached hereto as Exhibit 99.1.
deemed filed for purposes of the Securities Exchange Act of 1934,
as amended, and shall not be deemed incorporated by reference in
any filing by the Company with the Securities and Exchange
Commission (unless otherwise specifically provided therein).
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Item 9.01
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Financial Statements and Exhibits
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Exhibit Number
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Description
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99.1
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Swift Energy Company Press Release dated November 21,
2016. |
About SWIFT ENERGY COMPANY (OTCMKTS:SFYWQ)
Swift Energy Company (Swift Energy) is an independent oil and gas company. The Company is engaged in developing, exploring, acquiring and operating oil and gas properties. The Company’s primary focus is on the Eagle Ford trend of South Texas and the onshore and inland waters of Louisiana. The Company’s operations are primarily focused in approximately three areas identified as South Texas, Southeast Louisiana and Central Louisiana. Swift Energy holds an acreage position in Texas prospective for Eagle Ford shale and Olmos tight sands development. The Company’s assets in South Texas include AWP, Artesia Wells and Fasken. The Company’s assets in Southeast Louisiana include Lake Washington. The Company’s assets in Central Louisiana include Burr Ferry and South Bearhead Creek. The Company’s Burr Ferry field is located in Vernon Parish, Louisiana. Its South Bearhead Creek is located in Beauregard Parish, Louisiana. SWIFT ENERGY COMPANY (OTCMKTS:SFYWQ) Recent Trading Information
SWIFT ENERGY COMPANY (OTCMKTS:SFYWQ) closed its last trading session at 0.218 with 323,935 shares trading hands.