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CORPORATE PRESENTATION – Swift Energy Co.

Swift Energy Co. · Jan 1, 2015 · 25 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. CORPORATE PRESENTATION – Swift Energy Co. – slide 1
    Corporate Presentation January 2015 1
  2. CORPORATE PRESENTATION – Swift Energy Co. – slide 2
    2015 Revised Operating Plan 2015 CapEx of 100-125 million 70-75% lower than projected 2014 capital expenditures Targeting between 11.2 11.4 MMBoe or production Capital allocated to high margin South Texas natural gas drilling Focus…
  3. CORPORATE PRESENTATION – Swift Energy Co. – slide 3
    A Leading Eagle Ford Shale Operator Operational Excellence Locations Area County Acres YE 2014(1) Current drill & complete design delivers exceptional performance Fasken Webb 8,302 Completion optimization associated with Lower…
  4. CORPORATE PRESENTATION – Swift Energy Co. – slide 4
    Swift Energy Eagle Ford History 30,000 Average Net Production (Boe/d) 28,295 175 Cumulative Wells Drilled 146 24,000 140 129 18,000 17,497 105 89 14,180 70 12,000 43 7,346 35 6,000 14 1,294 0 0 2010 2011 2012 2013 6/30/2014…
  5. CORPORATE PRESENTATION – Swift Energy Co. – slide 5
    Demonstrated Operational Excellence Average Proppant/Stage (Lbs/Lateral ft) Average Completion Well Cost (MM) Average Frac Stages 1,500 6.0 5.3 1,240 4.8 1,250 5.0 4.2 4.0 970 20 4.0 1,000 880 790 18 750 16 3.0 15 500 2.0…
  6. CORPORATE PRESENTATION – Swift Energy Co. – slide 6
    Current Drill & Complete Design Improving Results Average Cumulative 150 Day Production at Fasken 2,500,000 Enhanced Design(1) 2,000,000 Mcf 1,500,000 1,000,000 Original Design 500,000 0 0 15 30 45 60 75 90 105 120 135 150…
  7. CORPORATE PRESENTATION – Swift Energy Co. – slide 7
    Importance of Geo-Steering & Longer Laterals As Drilled Ideal Plan Top of Lower EF Target Zone Buda PCQ EF 3H Drilling Lateral Well Path Length (ft) Stages Out of PCQ EF 3H 3,300 10 zone PCQ EF 7H In zone 6,400 19 PCQ EF…
  8. CORPORATE PRESENTATION – Swift Energy Co. – slide 8
    Benefits of Current Engineered Frac Design & Lateral Length Open hole logging of laterals Geometric Frac Identifies optimal frac gradient and brittle zones Allows optimal grouping and perforating of frac intervals Enhanced…
  9. CORPORATE PRESENTATION – Swift Energy Co. – slide 9
    Fasken Lower Eagle Ford Fasken Lower Eagle Ford Overview Dimmit La Salle Net Acres: 8,302 Fasken B EF 2H Well Spacing: 114 acres or 660 Fasken BD EF 14H Avg IP: 10.4 MMcf/d Remaining Lower EF Locations Avg IP: 20.6 MMcf/d Fasken B…
  10. CORPORATE PRESENTATION – Swift Energy Co. – slide 10
    Fasken Results Exceeding Expectations Model Assumptions(1) IRR Sensitivity (D&C & Henry Hub Price)(1) Original Enhanced 12 BCF EUR Lateral Length (ft) 5,700 7,200 3.50 4.00 4.50 5.00 D&C Cost (MM) 8.3 7.5 6.5 210% 350% 575% 935%…
  11. CORPORATE PRESENTATION – Swift Energy Co. – slide 11
    Fasken Economics: Exceptional Returns 60% IRR Competitive with Major U.S. Oil Plays(1) 52% 50% 40% 35% 34% 30% 30% 24% 24% 20% 20% 16% 10% 0% SFY Fasken Wolfcamp Utica Eagle Ford Middle Wattenberg PRB: Frontier TMS Midland…
  12. CORPORATE PRESENTATION – Swift Energy Co. – slide 12
    Swift Energy - Partner of Choice Saka Energi Indonesia participates in development of approximately 8,300 acres in Fasken Saka paid 175 MM in total cash consideration for 36% full participating interest, effective January 1, 2014…
  13. CORPORATE PRESENTATION – Swift Energy Co. – slide 13
    Increased Fasken Capacity to Accommodate Growth Energy Transfer Fasken +85 MMcf/d (In Service November 5th) (1) Graphics are for presentation purposes only and do not depict all relevant information. 14
  14. CORPORATE PRESENTATION – Swift Energy Co. – slide 14
    AWP Eagle Ford Gas Overview AWP Eagle Ford Gas Overview Net Acres: 5,500 Well Spacing: 80 Acres or 660 Remaining Locations at YE 2014: 79(1) Avg Working Interest: 98% Avg Net Revenue Interest: 73% Performance Technical…
  15. CORPORATE PRESENTATION – Swift Energy Co. – slide 15
    AWP Eagle Ford Gas Delivering Strong Results Model Assumptions(1) IRR Sensitivity (D&C & EUR)(1) Original Enhanced 8 BCF EUR Lateral Length 5,747 ft 5,968 ft 3.50 4.00 4.50 5.00 D&C Cost 10.0MM 8.6MM 8.0 32% 44% 59% 76% D&C…
  16. CORPORATE PRESENTATION – Swift Energy Co. – slide 16
    AWP Eagle Ford Condensate Overview AWP Eagle Ford Condensate Overview Net Acres: 3,097 Well Spacing: 80 Acres or 660 Remaining Locations at YE 2014: 11(1) Avg Working Interest: 98% Avg Net Revenue Interest: 73% Performance…
  17. CORPORATE PRESENTATION – Swift Energy Co. – slide 17
    AWP Eagle Ford Condensate Delivering Strong Results Model Assumptions(1) IRR Sensitivity (D&C & EUR)(1) Original Enhanced EUR MBOE Lateral Length 5,484 ft 6,500 ft 850 975 1,100 1,225 D&C Cost 10.0MM 8.5MM 8.0 20% 30% 43% 60% D&C…
  18. CORPORATE PRESENTATION – Swift Energy Co. – slide 18
    AWP Eagle Ford Oil Overview AWP Eagle Ford Oil Overview SMR EF 11H Net Acres: 15,987 PCQ EF 14H Avg IP: 1,608 Boe/d Avg IP: 1,302 Boe/d Well Spacing: 50 Acres or 440 SMR EF 10H Remaining Locations at YE 2014: 104(1) PCQ EF 15H Avg…
  19. CORPORATE PRESENTATION – Swift Energy Co. – slide 19
    AWP Eagle Ford Oil Delivering Strong Results Model Assumptions(1) IRR Sensitivity (D&C & EUR)(1) Original Enhanced EUR MBOE Lateral Length 5,152 ft 6,244 ft 350 400 450 500 D&C Cost 9.0MM 7.4MM 7.0 21% 32% 46% 64% D&C (MM) EUR…
  20. CORPORATE PRESENTATION – Swift Energy Co. – slide 20
    Lake Washington Lake Washington Development Stabilized production stream and cash flows Numerous opportunities throughout field for low- cost, high-return projects Mississippi Recompletions & Workovers Enhancements Sour crude oil…
  21. CORPORATE PRESENTATION – Swift Energy Co. – slide 21
    Central Louisiana 3Q14 Mineral Production Acres Acres (Boe/d) Development Hz Austin Chalk B Burr Ferry 140,000 65,000 1,131 Hz Lower Wilcox Austin Chalk B Masters Creek 48,000 --- 170 Austin Chalk A Saratoga Chalk South…
  22. CORPORATE PRESENTATION – Swift Energy Co. – slide 22
    Capitalization in Millions in Millions Dec. 31, 2013 Sept 30, 2014 Actual Actual Cash 3 0% 9 0% Bank Borrowings 265 12% 202 9% 71/8% Sr Notes due 2017 250 12% 250 12% 87/8% Sr Notes due 2020 222 10% 223 10% 77/8% Sr Notes due 2022…
  23. CORPORATE PRESENTATION – Swift Energy Co. – slide 23
    2014 Guidance & CapEx Budget Full-Year 2014 Guidance Range(1) 2014 Forecast by Activity Production: 390 MM-400 MM(1) Natural Gas (Bcf) 41.7 42.1 Prospect Costs/Seismic Facilities Crude Oil (MMBbl) 3.46 3.49 Discretionary Natural…
  24. CORPORATE PRESENTATION – Swift Energy Co. – slide 24
    Acreage of Choice, Operator of Choice Premier acreage position provides foundation for profitable development projects Extensive proved acreage position Excellent results across Eagle Ford portfolio Significant running room within…
  25. CORPORATE PRESENTATION – Swift Energy Co. – slide 25
    Corporate Information Corporate Headquarters Swift Energy Company 16825 Northchase Dr, Suite 400 Houston, Texas 77060 (281) 874-2700 or (800) 777-2412 www.swiftenergy.com Contact Information Paul Vincent Director - Finance and…

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