HOUSTON--(BUSINESS WIRE)--Swift Energy Company (NYSE:SFY) announced that Saturday, September 3, it implemented standard shut-down procedures in several of its coastal Louisiana properties including the Lake Washington Field in Plaquemines Parish, Bay de Chene Field in Jefferson and Lafourche Parishes, and Horseshoe Bayou Field, Bayou Sale Field and Cote Blanche Island Field, in St. Mary’s Parish, due to the risk of adverse weather conditions caused by Tropical Storm Lee. All nonessential personnel and equipment were evacuated from these fields.
Field operations necessary to safely bring production levels back to normal levels have begun. Some minor damage has been observed in certain areas but is not expected to impact ongoing operations. Current 2011 production and operational forecasts will be updated if necessary once the impact of Tropical Storm Lee on Swift Energy’s operations is known.
Swift Energy Company, founded in 1979 and headquartered in Houston, engages in developing, exploring, acquiring and operating oil and gas properties, with a focus on oil and natural gas reserves onshore in Louisiana and Texas and in the inland waters of Louisiana.