Todays Agenda Strategic Overview Operational Overview South Texas Southeast Louisiana Central Louisiana/East Texas Financial Overview 3
Corporate Overview Balanced and focused asset base 4 core areas along U.S. Gulf Coast Balanced,, long-lived g property p p y base with 15.9 R/P Diversified production across commodities Low risk development and high reward…
Corporate Strategy Tandem approach: drilling & acquisitions Technology led focus Repeatable p method of operations p Focus on multiple horizons and large acreage positions Exploitation p with exploration p upside p Reduce…
Operational Overview
Core Areas - Production & Reserves (MMBoe) Central Louisiana/East Texas Area 2010 Production: 0.7 2010 Proved Reserves: 20.9 South Texas Area Louisiana 2010 Production: 3.2 2010 Proved P d Reserves: R 76 6 76.6 Texas South…
Todays Focus South Texas Eagle Ford Shale Multiple u t p e yea year horizontal o o ta development de e op e t potential pote t a Oil, High GOR Oil and Dry Gas (high quality reservoir) AWP Olmos Tight Sand Multiple year…
South Texas AWP Boe/d Production Profile Entered AWP area in 1989 25,000 660 Eagle Ford Shale Drilling 20,000 Locations (80 Acre Spacing) 15,000 250 Horizontal Olmos Drilling 10,000 Locations (160 Acre Spacing) 5,000 Eagle Ford…
Eagle Ford Shale Play Approximate Swift Eagle Ford Acreage Swift owns 79,000 net (as of Dec. 31, 2010)* acres prospective for Eagle Ford County Gross Net 1,000 locations McMullen 66,000 53,000 assuming 80 acre well La Salle 18,000…
Olmos Tight Sand Play Swift owns 40,000 net acres in McMullen County prospective for horizontal Olmos development 250 locations assuming 160 acre well spacing (4 000 laterals) (4,000 3 to 7 Bcfe resource potential p p per…
The Resource Factory SM Evaluation & Data Capture Manufacturing Calibration Appraisal & & Commercial Effi i Efficiency Re--Calibration Re Capture Capture Development & Optimization Capture 12
Swift Energy Corporate Production Historical 4th - 1st Qtr 2011 30,000 32% daily ypproduction rate increase since acquiring dedicated frac spread 28,000 Dedicated Frac Spread Net Boe/d d 26,000 Delayy of dedicated 24…
Southeast Louisiana Lake Washington BOE/d Production Profile 15,000 High quality sands Multi Multi-year year Recompletion Inventory 10,000 High return production optimization program 5,000 70+ Productive sands 0 SELA Total…
Central Louisiana / East Texas Brookeland & Masters Creek BOE/d Production Profile One JV well in both 2010 and 2011 5,000 One SFY operated well in both 4,000 4 000 2010 and 2011 3,000 South Bearhead Creek (SBC) 2,000 Wilcox oil…
Financial Overview
Capitalization in Millions in Millions As of As of Dec. 31, 2009 Dec. 31, 2010 Cash 38 3% 86 7% Bank Borrowings -- 0% -- 0% 71/8% Sr Notes due 2017 250 22% 250 20% 87/8% Sr Notes due 2020 221 20% 222 17% Net Debt 433 39% 386 30%…
2011 Capital Expenditure Budget Historical Spending N Nett S di b Spending by A ti it Activity MM 430 MM-480 MM** 800 Development* Exploration Prospect Facilities Prospect Acquisition Costs/Seismic 700 Discretionary 600 p…
Summary
Portfolio Potential 3 Key Areas South Texas: Eagle Ford Shale Development 79,000 net acres of resource potential 5 Bcfe EUR per dry gas well 250 MBoe EUR per liquids rich well 1 9 3.3 1.9 33T Tcfe f (310 550 MMBoe) MMB ) off…
Portfolio Potential 3 Key Areas (cont.) Southeast Louisiana: Lake Washington/Bay de Chene Development, Extension & Exploration of Miocene Sands 21.2 Mmboe booked reserves, 54% Developed Rich inventory of development and exploration…
Key Investment Highlights Extensive operational experience supported by world-class technology Balanced and focused asset base Significant resource within legacy asset base Two proven resource plays in development phase Strong…
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