Swift Energy Company plans to sell key operations to focus on the Eagle Ford.

Related: Swift Energy Files Chapter 11

Swift Energy has announced it has entered into an agreement to sell its Lake Washington field in South East Louisiana. The company wants to become a more focused Eagle Ford player and has identified over 400 high-quality drilling locations in the region.

Sale details include:

• Closing expected in early December 2016
• Cash consideration of $40.0 million upon closing
• Approximately 14,000 net acres in Plaquemines Parish, includes 23 producing wells
• Net sales of approximately 1,160 barrels of oil equivalent per day (97% oil)

In Apirl, Swift emerged from bankruptcy and then announced the retirement of the company’s CEO and CFO in September.

Read more at swiftenergy.com