2012 Barclays CEO Energy/Power Conference September 5, 2012
Todays Agenda Strategic Overview Operational Overview South Texas Central Louisiana/East Texas Southeast Louisiana Financial Overview 3
Corporate Overview Balanced and focused asset base 3 core areas along U.S. Gulf Coast Balanced, long-lived property base with 15.2 R/P Diversified production across commodities Low risk development and high reward exploration…
Corporate Strategy Tandem approach: drilling & acquisitions Technology led focus Repeatable method of operations Focus on multiple horizons and large acreage positions Exploitation with exploration upside Reduce operating risk…
Operational Overview
Swift Energy Core Areas 2011 Production and Reserves Total Company* Central Louisiana/East Texas Area 2011 Production: 28.8 MBoe/d 2011 Production: 2.6 MBoe/d 2011 Proved Reserves: 159.6 MMBoe 2011 Proved Reserves: 18.4 MMBoe Burr…
Todays Focus South Texas Eagle Ford Shale Multiple year horizontal development potential Oil, Condensate and Gas 2012 - 2014 focus on liquids rich drilling AWP Olmos Tight Sand Multiple year horizontal development potential Oil,…
South Texas
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 10
South Texas Swift owns 78,000 net acres Boe/d Production Profile* prospective for Eagle Ford 30,000 Olmos EF 975 locations assuming 80 acre 25,000 well spacing & 6,000 ft. laterals 20,000 7-10 Bcfe resource potential per dry gas…
Eagle Ford Acres / Enterprise Value* Swift Energy Leading Eagle Ford Exposure Leverage to Eagle Ford (Net Eagle Ford Acres/1 MM in EV) 95+% of 2012 SFY 40.7 South Texas MTDR 40.5 drilling targeting NFX 39.5 FST 35.6 oil and high SM…
2012 Swift Energy South Texas Projected Net Daily Production Rate Growth South Texas Liquids Rate South Texas Natural Gas Rate 12,000 25,000 Eagle Ford Eagle Ford Olmos +38% Olmos +9% 10,000 20,000 8,000 Avg Net Boe/d Avg…
South Texas Summary Stronger liquids focus Eagle Ford dry gas acreage earned or held Manufacturing and Development Phase are driving efficiencies 3-D Seismic facilitates proper placement of laterals Drilling times and costs are…
Central Louisiana/East Texas
Central Louisiana / East Texas Austin Chalk Boe/d Production Profile* Over 45% Oil, 20% Natural Gas Liquids 4,000 SBC Austin Chalk 70,000 net acres in Burr Ferry area 4-6 wells planned in 2012 3,000 31 39 MMBoe Net Resource…
CLAETX Austin Chalk (Brookeland, Burr Ferry & Masters Creek) Projected Net Daily Production Rate Growth Chalk Liquids Rate Chalk Natural Gas Rate 2,000 2,000 +100% 90% 1,800 1,800 1,600 1,600 1,400 1,400 Net Boe/d Net…
Southeast Louisiana
Southeast Louisiana Lake Washington Boe/d Production Profile* Low cost per barrel development 10,000 opportunities BDC LW 10 Development wells in 2012 7,500 Multi-year recompletion inventory 5,000 High return production…
Lake Washington Li and CC Sands Potential North LW Li/CC 57 MMBoe Produced Northeast Potential 1 5 MMBoe Newport 9 MMBoe Produced East LW Leads Potential, 2 25 MMBoe Westside Potential 2 25 MMBoe Jelly Bowl Area Potential 1…
SELA Bay de Chene & Lake Washington Projected Net Daily Production Rate Growth SELA Liquids Rate SELA Natural Gas Rate 7,000 6,000 +12% -12% 6,000 5,000 5,000 4,000 Net Boe/d Net Boe/d 4,000 3,000 3,000 2,000…
Financial Overview
Capitalization in Millions in Millions As of As of Dec. 31, 2011 Jun. 30, 2012 Cash 252 17% 32 2% Bank Borrowings -- -- -- -- 71/8% Sr Notes due 2017 250 17% 250 15% 7/8 8 % Sr Notes due 2020 222 15% 222 13% 7/8 7 % Sr Notes due…
2012 Capital Expenditure Budget Historical Spending 2012 Spending by Activity MM 675 MM-700 MM** 800 Acquisition Prospect Prospect Facilities Costs/Seismic Exploration Development 700 600 Discretionary 500 400 300 Development 200…
Summary
Portfolio Potential 3 Key Areas South Texas: Eagle Ford Shale Development 78,000 net acres of resource potential 7-10 Bcfe EUR per dry gas well * 380 1,125 MBoe EUR per liquids rich well * 950 MMBoe of resource potential…
Portfolio Potential 3 Key Areas (Cont.) Central Louisiana/East Texas Masters Creek Austin Chalk Re-development 38,000 net acres of resource potential 14 - 21 MMBoe of total resource potential Burr Ferry Austin Chalk Appraisal and…
2012 Total Corporate Projected Net Daily Rate Growth Total Corp Liquids Rate Total Corp Natural Gas Rate 20,000 20,000 +34% +3% 18,000 18,000 16,000 16,000 Avg Net Boe/d Avg Net Boe/d 14,000 12,000 14,000 10,000…
Corporate Projected Net Daily Rate by Key Focus Areas Other Chalk SELA STX EF STX OL 40,000 20% 35,000 30,000 Avg. Net Boe/d 25,000 20,000 15,000 10,000 5,000 0 1st qtr 2nd qtr 3rd qtr 4th qtr 1st qtr 2nd qtr 3rd…
Key Investment Highlights Significant operational experience supported by world-class technology Balanced and focused asset base Significant resource within legacy asset base South Texas resource potential of more than one…
2012 Barclays CEO Energy/Power Conference September 5, 2012
Appendix
South Texas Future Opportunities Included in 2012 2014 Drilling Scenario Approx. % 2012 2013 2014 IP Boepd Liquids Projects Projects Projects Eagle Ford Oil (McMullen) 1,600 86% 14-16 12-16 28-32 Eagle Ford Oil (LaSalle) 1,000 73%…
Economic Summary Slide Included in 2012 2014 Drilling Scenario Capital Oil EUR Gas EUR NGL EUR EUR % NPV 10% IRR (MM) (MBbl) (MMcf) (MBbl) (MBoe) Liquids (M) (%) ROI Eagle Ford Oil (McMullen) 8.55 286 311 43 381 86% 8,375 97.7 2.50…
CLAETX Development Economics Capital Oil EUR Gas EUR NGL EUR NPV 10% IRR ROI Activity (MM) MBbl (MMcf) (MBbl) (MM) % Burr Ferry 10.8 403 2,544 447 24.7 100 6.9 Masters Creek 11.6 863 3,158 372 33.0 100 6.1 South Bearhead Creek 9.5…
SELA Development Economics Capital NPV 10% Activity (MM) Oil (MBbl) (MM) IRR ROI Recompletions 0.5 - 1.0 30 - 120 1-3 100 2.5 - 10.0 Development Wells 2.5 - 4 250 - 1,200 2 - 10 75 - 100 2.0 - 3.0 Extension Wells 4-8 500 - 5,000 5 -…
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