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HOUSTON, Aug. 28 (UPI) -- Swift Energy Co. is paying $175 million to BP America Production Co. for a set of natural gas properties in southern Louisiana.
The assets, in Bayou Sale, Horseshoe Bayou and Jeanerette Fields all located in St. Mary Parish, High Island field in Cameron Parish and Bayou Penchant field in Terrebonne Parish, will add 58.2 billion cubic feet of proved reserves to Swift's holdings, the company said Monday.
Swift expects to invest as much as $25 million on the five fields next year to enhance production.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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ORLANDO, Fla., May 23 (UPI) --
The U.S. Air Force has added Lockheed Martin to its list of companies for support of its medical services worldwide.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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