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Stock Market & Financial Investment News

News Breaks
February 27, 2013
13:47 EDTSFYSwift Energy activates incdient response team
Swift Energy announced a well control incident in its Lake Washington field in Plaquemines Parish, Louisiana when a marine vessel collided with a Swift Energy operated shut-in well head in the shallow waters of the Lake Washington field. This collision damaged the integrity of the wellhead and resulted in an outflow of water, oil and natural gas. Swift Energy's Incident Command Team was activated and responded to the situation during the night. No injuries have been reported in connection with the incident. State, federal and local authorities have been notified and Swift Energy is working closely in coordination with these agencies in response to this incident. An aerial fly-over of the field was conducted this morning to determine the extent of the impact to the surrounding area. A definitive plan and timeline to bring this well under control is currently being developed.
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February 26, 2015
10:26 EDTSFYSwift Energy says will take steps if commodity prices continue to languish
Says headcount down 25% since early 2014, which equates to $15M-$20M in annual savings. Says will take additional steps if commodity prices continue to languish. Says current commodity backdrop gives company opportunity to become more efficient in operations. Says if commodity costs continue to languish for extended period of time, says will most likely see further cost reductions. Comments made on the Q4 earnings conference call. Swift Energy is up nearly 12% in morning trading to $3.18.
06:07 EDTSFYSwift Energy: Majority of 2015 capital to be deployed in Eagle Ford
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06:07 EDTSFYSwift Energy targets FY15 production levels of 11.4-11.6 MMBoe
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06:06 EDTSFYSwift Energy targets Q1 production of 2.92-2.97 MMBoe
The company is targeting first quarter production levels of 2.92 to 2.97 MMBoe, including 11.1 to 11.2 Bcf of natural gas production, 0.65 to 0.67 MMBbl of crude oil production, and 0.42 to 0.44 MMBbl of natural gas liquids production. This level of production is based on $30M-$35M in capital expenditures for the quarter.
06:06 EDTSFYSwift Energy reports Q4 production of 3 MMBoe
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06:06 EDTSFYSwift Energy reports Q4 EPS (25c), consensus (28c)
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