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Swift Energy Co. Message Board

baby_face_finster 2 posts  |  Last Activity: May 8, 2015 10:46 AM Member since: Aug 8, 1999
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  • baby_face_finster baby_face_finster May 8, 2015 10:46 AM Flag

    Comments from EXXI in their quarterly earnings call this week (from Seeking Alpha transcript):
    Yeah, I'll take the first one and Bruce can do the second. On Highlander, obviously we're very happy with that well. The well's locked at $24 million a day, 17,200 PSI. It's all indications of what you would expect from a well that's going to be a very large producer tied into a very large reservoir. As we've said, they're working on getting an amine unit out there that should double that production to the capacity of the facilities. And then we'll go from there. Obviously that puts us in a better position. You have cash flow, you have something you can potentially monetize and I think we'll look at all those opportunities.
    The challenge there is obviously going to be for LCX to get the drilling costs and completion to a level where sort of 150 BCF per well makes the economics work for you to become a manufacturing process. So we're still early in that game. Very excited about the production, very excited about our production tests, which also indicated a big reservoir. And let's just let it play out for a while longer.

  • Reply to

    revaluing

    by mullam4444 Apr 27, 2015 10:19 AM
    baby_face_finster baby_face_finster Apr 27, 2015 4:44 PM Flag

    The united LNG/MMR plans to use main pass as a LNG export terminal have been scrapped. The United LNG website is no longer available. The plan was to use ultra deep SHELF gas to be processed by the proposed Main Pass LNG facility and exported. Since the ultra deep SHELF gas has not worked out, the project no longer makes economic sense.

SFY
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