Swift Energy

Wytch Farm Which Is The Largest Oil Field In The UK Is Put For Sale By BP

A lack of diversity on the boards of major US oil companies increases the risks of bad investment choices, according to a new report from the University of Oxford. [The Guardian] Swift Energy Co. has withdrawn a $640 million loan offering amid the latest decline in oil prices. [WSJ] Mexico has auctioned 14 exploration blocks… Keep reading →

Enormous finds offshore Brazil have drawn global attention to the promise of sub-salt oil and gas, but Houston-based Swift Energy is seeking to attract partners to a sub-salt prospect much closer to home.

Swift is seeking deepwater players as future partners in a potential sub-salt find in the “onshore” US Gulf of Mexico, under its Lake Washington field, which lies in water depths of 10-15 feet just off the southeastern Louisiana shore. It says the sub-salt prospect could hold as much as 350 million barrels of oil equivalent. Keep reading →