Swift Energy An Eagle Ford Story High quality Eagle Ford position primed to deliver consistent production and reserves growth Developing high value Eagle Ford acreage generates: Cash Flow Growth Earnings Growth Lower Financial…
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…
2013 Achievements South Texas Development Lake Washington Development Central Louisiana Divestiture Financial Overview Summary 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…
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…
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
2012 Model** vs. Average 2013 IPs (Boepd)* *Actual IP data from extended term (7-30 days) production rates **SFY internal model 9
2012 EUR Model** vs. New EUR Model* (MBoe) * EURs are not SEC Reserves **SFY internal model 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…
Drilling Technologies - Eagle Ford Drilling Well Cost Strengths Technical Limits Target and goal PCQ - 2.6 MM Fasken - 2.4 MM setting drive SMR - 2.5 MM efficiencies Enhanced BHA designs and utilization to maximize rate of…
Texas Average Completion Cost / Stage Logging horizontal laterals allows selective stimulation of the highest quality rock Grouping clusters within each stage around common fracture gradients result in more efficient Fracs…
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 14
Fasken BDC 10H Well IP 23 MMcf/d 15
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…
South Texas Focus Will Improve Cost Structure 17
Lake Washington Base Production 18
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…
Financial Overview 20
Capitalization 21
2014 Capital Expenditure Forecast Historical Spending 2014 Forecast by Activity MM 300 MM-350 MM** Prospect Costs/Seismic Facilities Discretionary Development *For presentation purposes, development includes facilities…
Growing the Eagle Ford and Improving Performance Aggressive Eagle Ford development will afford more predictable results, higher quality earnings and consistent cash flow growth Developing high value Eagle Ford acreage Focus on high…