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3Q 2015 Earnings Review – Swift Energy Co.

Swift Energy Co. · Nov 5, 2015 · 13 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 3Q 2015 Earnings Review – Swift Energy Co. – slide 1
    Third Quarter 2015 Swift Energy Company November 5, 2015
  2. 3Q 2015 Earnings Review – Swift Energy Co. – slide 2
    Summary Third quarter production of 2.87 MMBoe above guided range of 2.77 2.82 MMBoe Revised FY2015 guidance to 11.6-11.7 MMBoe and maintained capital budget of 110-120MM Completed first Upper Eagle Ford well test 32 stage frac and…
  3. 3Q 2015 Earnings Review – Swift Energy Co. – slide 3
    Third Quarter Earnings Highlights (In thousands except per share amounts) 3Q15 3Q14 Revenues: Oil & Gas Sales 60,024 133,896 Other 92 4,898 Total Revenue 60,116 138,794 Adjusted Net Income (33,066) (1) 2,474 Adjusted Basic EPS (0.74)…
  4. 3Q 2015 Earnings Review – Swift Energy Co. – slide 4
    Third Quarter 2015 Pricing and Production Highlights 3Q15 3Q14 Natural Gas Production (Bcf) 11.64 9.85 Crude Oil Production (MMBbl) .581 .870 NGL Production (MMBbl) .344 .482 Total Production (MMBoe) 2.87 2.99 Total Average Daily…
  5. 3Q 2015 Earnings Review – Swift Energy Co. – slide 5
    Balance Sheet(1) (In thousands) 9/30/15 12/31/14 Current Assets 48,231 64,669 Net PP&E 962,576 2,095,037 Other Assets 13,471 13,641 Total Assets 1,024,278 2,173,347 Current Liabilities 94,997 148,919 Long Term Debt 1,179,132…
  6. 3Q 2015 Earnings Review – Swift Energy Co. – slide 6
    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% 150 Jan 15th 100 50 0 2015 2016 2017 2018 2019 2020 2021 2022 330 Million Bank Borrowing…
  7. 3Q 2015 Earnings Review – Swift Energy Co. – slide 7
    APPENDIX
  8. 3Q 2015 Earnings Review – Swift Energy Co. – slide 8
    Key Investment Highlights Best-in-class well performance Top-Tier Operator in the Gas Superior D&C and operating performance as benchmarked to competitors and Gas Condensate Areas of State-of-the-art integrated geoscience technology…
  9. 3Q 2015 Earnings Review – Swift Energy Co. – slide 9
    South Texas Portfolio Swift has a superior Eagle Ford acreage position located in parts of the core gas window Gross Locations Area County % Gas Acres 9/30/15 Fasken Webb 8,302 Lower Eagle Ford 31 100% Upper Eagle Ford 59 100%…
  10. 3Q 2015 Earnings Review – Swift Energy Co. – slide 10
    Demonstrated Eagle Ford Operational Excellence Proven track record of increasing Eagle Ford production while consistently lowering drilling & completion costs and improving well economics and safety metrics AVERAGE PER WELL DRILL &…
  11. 3Q 2015 Earnings Review – Swift Energy Co. – slide 11
    Operational Performance at Fasken AVERAGE DRILLING WELL COST (MM) 4.6 Fasken acreage position has the highest EUR gas 5mm 4.1 4.0 wells in the Eagle Ford 4mm Recently set record lateral length of 7,828 feet at best- 3.1 3mm 2.2…
  12. 3Q 2015 Earnings Review – Swift Energy Co. – slide 12
    First Six-Months Cumulative Gas Production (MCF) 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 FASKEN A EF A3 FASKEN A EF H FASKEN AB FASKEN AB FASKEN BD FASKEN AB FASKEN C FASKEN BD FASKEN BD (1) FASKEN A EF…
  13. 3Q 2015 Earnings Review – Swift Energy Co. – slide 13
    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…

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