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Chairman’s Update – 2018 Summer Update

Chairman’s Update – 2018 Summer Update

by Partner Relations / 07/01/2018 / Published in Swan

Chairman's Update - 2018 Summer Update

Swan Energy continued its excellent track record in the first half of 2018. Existing wells are producing, new wells are in the works, and exploration continues.

Swan Resources:

Swan Resources has interest in 55 Oklahoma oil wells. These wells have together generated 1,750,953 (gross) BOE to date with a steady daily production rate of 500 (gross) BOEPD. We continue to pursue new developments. 3 new wells in Love County completed in 2017 are now producing. We are completing a 4th well in September. Our technical team is also hard at work scouring the 3D seismic for our next drilling locations.

Swan Exploration:

The 17 new wells we participated in 2017 are already generating revenue and outperforming other wells we have had in the Wattenberg field. Only 2 of our 144 Colorado wells did not produce. The 142 producing wells have yielded a cumulative production to date of 25,396,999 (gross) BOE at a daily rate of 15,611 (gross) BOEPD. Swan Exploration has 3 wells awaiting completion and several new wells to participate in to be drilled soon with permits in had or applied for we could see more than 40 new wells to participate in.

Oak Energy:

Located in Matagorda county, Texas Oak Energy has 5 active producing wells that produce 60 BOEPD, double the amount produced in the first quarter of 2018. We hope to continue to increase our BOEPD with a series of workovers for 25 shut in wells. The first three are scheduled to begin in September 2018.

Swan Mining:

Expectations are high for our 55-acre gold mine in Baker County, Oregon. Our projections lead us to believe the mine will yield the most gold in company history and give us a lot of hope as to continuing operations through 2019 and beyond.

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Swan Energy is a group of entrepreneurs and business minded people with a passion for oil and gas and a dedication to the highest standards of technical excellence, environmental safety, and financial success.

3200 Southwest Fwy.,
#1400, Phoenix Tower
Houston, TX 77027
(866) 539-0860
[email protected]

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Swan Energy is a group of entrepreneurs and business minded people with a passion for oil and gas and a dedication to the highest standards of technical excellence, environmental safety, and financial success.

3200 Southwest Fwy., #1400 Phoenix Tower
Houston, TX 77027
(866) 539-0860
[email protected]

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This is not an offer, nor a solicitation to buy; such may be done pursuant to a Swan Energy, Inc. Confidential Information Memorandum. Privacy Policy and Promises.

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