Summary Second quarter production of 2.88 MMBoe above guided range of 2.75 2.80 MMBoe Revised FY2015 guidance to 11.5-11.6 MMBoe and capital budget of 110-120MM Secured additional 30 MMcf/d out of Fasken and expect to produce into…
Second Quarter Earnings Highlights (In thousands except per share amounts) 2Q15 2Q14 Revenues: Oil & Gas Sales 68,281 158,487 Other (2,112) (2,493) Total Revenue 66,169 155,994 Adjusted Net Income (32,864) (1) 6,827 Adjusted Basic EPS…
Second Quarter 2015 Pricing and Production Highlights(1) 2Q15 2Q14 Natural Gas Production (Bcf) 11.28 12.75 Crude Oil Production (MMBbl) .628 .890 NGL Production (MMBbl) .366 .434 Total Production (MMBoe) 2.88 3.45 Total Average…
Balance Sheet(1) (In thousands) 6/30/15 12/31/14 Current Assets 45,312 64,669 Net PP&E 1,287,572 2,095,037 Other Assets 14,144 13,641 Total Assets 1,347,028 2,173,347 Current Liabilities 93,793 148,919 Long Term Debt 1,149,165…
Debt Maturity Schedule 450 Senior Notes Maturity Schedule 400 400 7.875% 350 March 1st 300 250 250 225 7.125% 200 June 1st 8.875% Jan 15th 150 100 50 0 2015 2016 2017 2018 2019 2020 2021 2022 375 Million Bank Borrowing…
Financial Strategy Swift remains committed to enhancing its liquidity profile in a manner that allows it to optimize its investment in economically favorable development opportunities during this period of lower and more volatile…
Guidance(1) 3Q15 FY 2015 Production: Natural Gas (Bcf) 11.23 11.43 46.16 46.60 Crude Oil (MMBbl) 0.55 - 0.56 2.34 2.36 Natural Gas Liquids (MMBbl) 0.34 - 0.35 1.47 1.48 Total Production Volumes (MMBoe) 2.77 2.82 11.50 11.60…
Summary Second quarter production of 2.88 MMBoe above guided range of 2.75 2.80 MMBoe Revised FY2015 guidance to 11.5-11.6 MMBoe and capital budget of 110-120MM Secured additional 30 MMcf/d out of Fasken and expect to produce into…
APPENDIX
Key Investment Highlights Leading operator in the gas and gas condensate areas of the Eagle Ford High Quality Eagle Ford Significant inventory of repeatable, lower risk development projects Focused Asset Base with 138 MMBoe of proved…
Eagle Ford Operations Gross Locations % Area County Acres 6/30/15 Gas Fasken Webb 8,302 Lower Eagle Ford 39 100% Upper Eagle Ford 60 100% Olmos 20 100% AWP Gas Acreage McMullen 11,579 Lower Eagle Ford 82 80% Condensate Acreage…
Proactive Response to Current Market Downturn Quickly reduced capital budget November 6th, 2014: Reduced 2015 capital budget to 240-260 million, 30% below 2014 levels January 13th, 2015: Reduced 2015 capital budget to 110-125 million,…
Eagle Ford Expansion: Oro Grande & Uno Mas Oro Grande: Swift Energy has secured a contiguous 24,000 acre position overlapping LaSalle and McMullen Counties 12,635 net acre Eagle Ford position in LaSalle County 11,850 net option acres…
Becoming a Top Natural Gas Producer in Texas(1) Swift Energy was a top 25 natural gas producer in Texas in 2014(2) Top 10 Gas Producers by Growth YoY(4) 1. Hilcorp Energy 72.7% Swift Energy had the second highest growth rate in natural…
Top 20 Eagle Ford Gas Wells(1) Swift Energy Operated Wells 2,500,000 Swift Energy has drilled 16 out of the top Peer Operated Wells 20 gas wells in the Eagle Ford. Normalized 6 month Gas Volume - Mcf 2,000,000 The top ten gas…
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