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Corporate Presentation – Swift Energy Co.

Swift Energy Co. · Mar 1, 2014 · 34 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 March 2014 1
  2. Corporate Presentation – Swift Energy Co. – slide 2
    Swift Energy An Eagle Ford Story High quality Eagle Ford position primed to deliver consistent production and reserves growth Manufacturing high value Eagle Ford acreage generates: Cash Flow Growth Earnings Growth Lower Financial…
  3. Corporate Presentation – Swift Energy Co. – slide 3
    A Focused Approach Deploying 80% of capital in the Eagle Ford Shale in South Texas Balanced project portfolio includes: Crude oil and liquids rich projects High return natural gas projects Divesting Central Louisiana Assets to fund…
  4. Corporate Presentation – Swift Energy Co. – slide 4
    2013 Achievements South Texas Development Lake Washington Development Central Louisiana Divestiture Financial Overview Summary 5
  5. Corporate Presentation – Swift Energy Co. – slide 5
    2013 Achievements 10-10-10 plan review Increased well IPs and EURs in South Texas by 10% Reduced drilling and completion costs in South Texas by 10% High-graded assets Announced Central Louisiana divestment Advanced technology…
  6. Corporate Presentation – Swift Energy Co. – slide 6
    Swift Energy Operating Areas Total Company 2013 Production: 32.2 MBoe/d 2013 YE Proved Reserves: 219.2 MMBoe Central Louisiana Area* 2013 Production: 2.5 MBoe/d 2013 YE Proved Reserves: 30.2 MMBoe Masters Burr Ferry Creek…
  7. Corporate Presentation – Swift Energy Co. – slide 7
    South Texas McMullen County SMR LaSalle County North AWP Artesia Wells South AWP Sun TSH Webb County Eagle Ford Play Fasken Hydrocarbon Types MEXICO OIL CONDENSATE GAS 8
  8. Corporate Presentation – Swift Energy Co. – slide 8
    2012 Model** vs. Average 2013 IPs (Boepd)* 2012 2013 Actuals 3,000 +62% 2,500 2,547 2,000 MBoe 1,500 1,568 +33% +44% 1,000 1,173 1,153 880 800 500 - AWP Oil (McMullen) Artesia Oil & Cond. Fasken Gas (Webb)…
  9. Corporate Presentation – Swift Energy Co. – slide 9
    2012 EUR Model** vs. New EUR Model* (MBoe) 2012 2013 2,500 +85% 2,000 2,000 1,500 MBoe 1,000 1,083 950 -34% 500 +7% 627 381 407 - AWP Oil (McMullen) Artesia Oil & Cond. Fasken Gas (Webb) Condensate (LaSalle) * EURs…
  10. Corporate Presentation – Swift Energy Co. – slide 10
    Wellbore Placement Critical for Success Excellent Poor Target Interval LEF Fair Buda Seismic data displayed in this presentation is owned or controlled by Global Geophysical; interpretation is that of Swift Energy Company…
  11. Corporate Presentation – Swift Energy Co. – slide 11
    Drilling Technologies - Eagle Ford Drilling Well Cost Strengths 5.0 2012 2013 Current Technical Limits Target and goal 4.5 PCQ - 2.6 MM Fasken - 2.4 MM setting drive SMR - 2.5 MM 4.0 efficiencies 3.5 Enhanced BHA 3.0 designs…
  12. Corporate Presentation – Swift Energy Co. – slide 12
    Drilling Technologies - Eagle Ford Drilling Days Advancements 40 2012 2013 Current Increase drilling rate Technical Limits PCQ - 20 days by coupling lower 35 Fasken - 18 days SMR - 20 days mud weight with 30 pressure management…
  13. Corporate Presentation – Swift Energy Co. – slide 13
    Texas Average Completion Cost / Stage Logging horizontal Cost/Stage Total Proppant lbs/Well laterals allows Number of Stages/Well 7.6 selective stimulation MM of the highest quality 339K rock 19 260K Grouping clusters 5.1 16…
  14. Corporate Presentation – Swift Energy Co. – slide 14
    Fasken Eagle Ford Outstanding Reservoir Rock Porosity TOC Thickness Favorable rock property combination yields: 12 - 20 MM/D IP (90 Day Avg.) 10 15 Bcf EUR 15
  15. Corporate Presentation – Swift Energy Co. – slide 15
    Fasken BDC 10H Well IP 23 MMcf/d Calculated Gas Rate (Mscf/d) Flowing Casing Pressure (Psi) 100,000 10,000 7,000 Lateral, 21 Stages, 8.7 MM Lbs. Sand 1,000 12/1/2013 1/1/2014 16
  16. Corporate Presentation – Swift Energy Co. – slide 16
    Fasken AB 9H Well IP 17 MMcf/d Calculated Gas Rate (Mscf/d) Flowing Casing Pressure (Psi) 100,000 10,000 6,400 Lateral, 20 Stages, 8.5 MM Lbs. Sand 1,000 12/1/2013 1/1/2014 17
  17. Corporate Presentation – Swift Energy Co. – slide 17
    South Texas Focused on Highest Value Acreage Position Efficiencies are Improving Margins 3-D Seismic facilitates proper placement of laterals Logging well laterals results in: Optimized placement of frac stages Improved frac…
  18. Corporate Presentation – Swift Energy Co. – slide 18
    South Texas Focus Will Improve Cost Structure 2013 Taxes, 2013 Transportation & Area LOE/Boe Processing Costs/Boe South Texas 5.75 3.73 Central Louisiana 9.31 7.71 Southeast Louisiana 21.71 13.27 Total Corporate 8.65 5.50 19
  19. Corporate Presentation – Swift Energy Co. – slide 19
    Lake Washington Base Production 14,000 12,000 2011 40% Decline 10,000 Boepd 8,000 6,000 4,000 2,000 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 14,000 12,000 2012 38% Decline 10,000 Boepd 8,000 6,000 4,000…
  20. Corporate Presentation – Swift Energy Co. – slide 20
    Lake Washington Maximum Flooding Surface and Inversion at Work 21
  21. Corporate Presentation – Swift Energy Co. – slide 21
    Lake Washington Drilling Prospects North Flank All Depths 74 Prospects 25 to 30 MMBoe Potential West Flank East Flank All Depths 32 Prospects - All AllDepths Depths 29 29 Prospects Prospects 23 to 51 MMBoe Potential…
  22. Corporate Presentation – Swift Energy Co. – slide 22
    Lake Washington Cap Rock 1300 Initial Development 1931 - 1952 2nd Phase Development 1952 - 1979 Remaining Potential 3 - 7 MMBoe Lowest Known 420 Ac 23
  23. Corporate Presentation – Swift Energy Co. – slide 23
    Central Louisiana Burr Ferry: + 140,000 acres Burr Ferry Masters Creek + 65,000 mineral acres + 1,500 Bopd net production Horizontal Austin Chalk B development Horizontal Lower Wilcox development Masters Creek: + 140,000 acres…
  24. Corporate Presentation – Swift Energy Co. – slide 24
    Financial Overview 25
  25. Corporate Presentation – Swift Energy Co. – slide 25
    Capitalization in Millions in Millions As of As of Dec. 31, 2012 Dec. 31, 2013 Cash 0 0% 3 0% Bank Borrowings 39 2% 265 12% 71/8% Sr Notes due 2017 250 13% 250 12% 87/8% Sr Notes due 2020 222 11% 222 10% 77/8% Sr Notes due 2022…
  26. Corporate Presentation – Swift Energy Co. – slide 26
    2014 Capital Expenditure Forecast Historical Spending 2014 Forecast by Activity Acquisition Prospect MM 300 MM-350 MM** Exploration Development* Prospect 800 Costs/Seismic Facilities 700 Discretionary 600 500 400 Development…
  27. Corporate Presentation – Swift Energy Co. – slide 27
    Growing the Eagle Ford and Improving Performance Aggressive Eagle Ford development will afford more predictable results, higher quality earnings and consistent cash flow growth Manufacturing high value Eagle Ford acreage Focus on…
  28. Corporate Presentation – Swift Energy Co. – slide 28
    Appendix 29
  29. Corporate Presentation – Swift Energy Co. – slide 29
    Fasken Swift Leasehold Webb County Net Acres 8,302 Avg. Working Interest 100% Avg. Net Revenue Interest 80% Avg. Well Spacing 660' (114 acres) Remaining Drilling Locations 58 Well Economics (90/Bbl., 4.50 Mcf)* EURs (Bcf) 10 - 15 IP's…
  30. Corporate Presentation – Swift Energy Co. – slide 30
    AWP Eagle Ford Oil Swift Leasehold McMullen County Net Acres 15,984 Avg. Working Interest 95% Avg. Net Revenue Interest 72% Avg. Well Spacing 440' (50 acres) Remaining Drilling Locations 133 Well Economics (90/Bbl., 4.50 Mcf)* EURs…
  31. Corporate Presentation – Swift Energy Co. – slide 31
    AWP Eagle Ford Condensate Swift Leasehold McMullen County Net Acres 2,850 Avg. Working Interest 50% Avg. Net Revenue Interest 38% Avg. Well Spacing 660' (60 acres) Remaining Drilling Locations 32 Well Economics (90/Bbl., 4.50 Mcf)*…
  32. Corporate Presentation – Swift Energy Co. – slide 32
    AWP Eagle Ford Gas Swift Leasehold McMullen County Net Acres 5,500 Avg. Working Interest 50% Avg. Net Revenue Interest 38% Avg. Well Spacing 660' (80 acres) Remaining Drilling Locations 50 Well Economics (90/Bbl., 4.50 Mcf)* EURs…
  33. Corporate Presentation – Swift Energy Co. – slide 33
    Artesia Eagle Ford Oil Swift Leasehold LaSalle County Net Acres 4,468 Avg. Working Interest 100% Avg. Net Revenue Interest 75% Avg. Well Spacing 440' (50 acres) Remaining Drilling Locations 41 Well Economics (90/Bbl., 4.50/Mcf)* EURs…
  34. Corporate Presentation – Swift Energy Co. – slide 34
    Artesia Eagle Ford Condensate Swift Leasehold LaSalle County Net Acres 5,027 Avg. Working Interest 100% Avg. Net Revenue Interest 75% Avg. Well Spacing 440' (50 acres) Remaining Drilling Locations 41 Well Economics (90/Bbl., 4.50/Mcf)…

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