Skepticism Remains After Swift’s Promising Eagle Ford JV

摘要

While overall overseas joint ventures have slowed in the United States, the prospect of investing in the Eagle Ford was apparently too good for an Indonesian company to pass up. Swift Energy Co. (NYSE: SFY) announced in May that PT Saka Energi Indonesia would team up to develop 8,300 acres of Fasken area Eagle Ford shale properties owned by Swift in Webb County, Texas. Saka will pay $175 million for 36% interest, or about $58,600 per acre, well above expectations of $20,000 per acre.