Lafourche

Swift Energy Co. has entered into a long-term agreement for natural gas gathering and processing services in the Eagle Ford Shale with Eagle Ford Gathering LLC, a 50-50 joint venture of Kinder Morgan Energy Partners LP and Copano Energy LLC.

The latest monthly lease sale held by Louisiana’s Mineral and Energy Board last Wednesday garnered more than $500,000 in bonuses, which brought the total collected for fiscal 2010-2011 to more than $24.3 million.

Carrizo Oil & Gas Inc., based in Houston, said its recently drilled LaRose Prospect well in Lafourche Parish, LA has tested at a gross rate of 11,650 Mcf/d and 1,466 bbl/d of condensate on a 16/64-inch choke. Flowing tubing pressure was approximately 9,740 pounds per square inch from 18 net feet of pay from the deepest sand interval in the well. The well was drilled to a total depth of 15,300 feet and logged more than 100 net feet of apparent pay in three intervals at depths ranging from 13,500 feet to 15,300 feet. Carrizo is operator and owns a 40% working interest in the well, and expects the well to begin production in about 60 days. The initial gross production rate is expected to be about 20,000 Mcfe/d. Carrizo holds approximately 1,150 acres in the LaRose Prospect and said that additional follow-up drilling will be needed to fully develop the prospect. Carrizo also announced that it had completed the sale of its interest in Michael Petroleum Corp., with total proceeds estimated at $5.5-5.7 million.