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IPAA OGIS SAN FRANCISCO – Swift Energy Co.

Swift Energy Co. · Sep 26, 2011 · 28 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. IPAA OGIS SAN FRANCISCO – Swift Energy Co. – slide 1
    IPAA OGIS San Francisco September 26, 2011
  2. IPAA OGIS SAN FRANCISCO – Swift Energy Co. – slide 2
    Todays Agenda Strategic Overview Operational Overview South Texas Southeast Louisiana Central Louisiana/East Texas Financial Overview 3
  3. IPAA OGIS SAN FRANCISCO – Swift Energy Co. – slide 3
    Corporate Overview Balanced and focused asset base 4 core areas along U.S. Gulf Coast Balanced, long-lived property base with 15.9 R/P Diversified production across commodities Low risk development and high reward exploration…
  4. IPAA OGIS SAN FRANCISCO – Swift Energy Co. – slide 4
    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…
  5. IPAA OGIS SAN FRANCISCO – Swift Energy Co. – slide 5
    Operational Overview
  6. IPAA OGIS SAN FRANCISCO – Swift Energy Co. – slide 6
    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 Reserves: 76.6 Texas South Louisiana…
  7. IPAA OGIS SAN FRANCISCO – Swift Energy Co. – slide 7
    Todays Focus South Texas Eagle Ford Shale Multiple year horizontal development potential Oil, Condensate and Dry Gas (high quality reservoirs) AWP Olmos Tight Sand Multiple year horizontal development potential Rich Gas Condensate…
  8. IPAA OGIS SAN FRANCISCO – Swift Energy Co. – slide 8
    South Texas
  9. IPAA OGIS SAN FRANCISCO – Swift Energy Co. – slide 9
    South Texas Swift owns 80,000 net acres Boe/d Production Profile* prospective for Eagle Ford 25,000 1,000 locations assuming 80 acre well spacing 20,000 7-10 Bcfe resource potential per dry 15,000 gas well 395 1,100 MBoe resource…
  10. IPAA OGIS SAN FRANCISCO – Swift Energy Co. – slide 10
    Eagle Ford Development Models 6,000 Laterals N. AWP N. AWP C. AWP & A.Wells Fasken AWP (Oil) (High Yield (Low Yield (Dry Gas) ( Dry Gas) Condensate) Condensate) EUR Oil (Mbo) 285 285 70 0 0 Gas (MMcf) 360 1,260 4,410 10,000 7,000 NGL…
  11. IPAA OGIS SAN FRANCISCO – Swift Energy Co. – slide 11
    Olmos Development Models 6,000 Laterals AWP AWP (Rich Gas (Rich Gas) with Condensate) EUR Oil (Mbo) 75 0 Gas (MMcf) 3,725 4,650 NGL (Mbl) 295 320 MBOE 995 1,095 IP Rate Oil (Bopd) 195 0 Gas (MMcfd) 7.8 9.0 BOE/D 1,495 1,500…
  12. IPAA OGIS SAN FRANCISCO – Swift Energy Co. – slide 12
    South Texas Acreage Reserve Components 124,000 Acres Eagle Ford Eagle Ford Eagle Ford Eagle Ford Oil High Yield Condensate Low Yield Condensate Fasken Dry Gas 5% 14% 13% 7% Oil NGL 6% NGL 13% 20% NGL Gas 30% Oil 15% Gas 46%…
  13. IPAA OGIS SAN FRANCISCO – Swift Energy Co. – slide 13
    Southeast Louisiana
  14. IPAA OGIS SAN FRANCISCO – Swift Energy Co. – slide 14
    Southeast Louisiana Lake Washington BOE/d Production Profile* 12,500 70+ productive sands 10,000 Multi-year recompletion inventory High return production optimization 7,500 program 5,000 Crude oil production benefits from…
  15. IPAA OGIS SAN FRANCISCO – Swift Energy Co. – slide 15
    2011 Drilling Activity 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 10 MMBOE Jelly…
  16. IPAA OGIS SAN FRANCISCO – Swift Energy Co. – slide 16
    Central Louisiana & East Texas
  17. IPAA OGIS SAN FRANCISCO – Swift Energy Co. – slide 17
    Central Louisiana / East Texas Austin Chalk BOE/d Production Profile* 59,000 net acres in Burr Ferry area 5,000 Two high rate JV well tests in 2010 4,000 Two wells currently drilling 29,500 net acres in Masters Creek 3,000 One…
  18. IPAA OGIS SAN FRANCISCO – Swift Energy Co. – slide 18
    GASRS 5-1 Daily Gross Production Oil (BOPD) Gas (MCFPD) Water (BWPD) Choke TP (psig) 10,000 10,000 9,000 Water Cum: 1.4 MM BW 8,000 1,000 Gas Cum: 745,014 MCF 7,000 Rate Per Day 6,000 Oil Cum: 113,064 BO 100 5,000…
  19. IPAA OGIS SAN FRANCISCO – Swift Energy Co. – slide 19
    GASRS 18-1 Daily Gross Production Oil (BOPD) Gas (MCFPD) Water (BWPD) Choke TP (psig) 10,000 10000 Water Cum: 1.3 MM BW 9000 Gas Cum: 1,152,287 Mcf 8000 1,000 7000 Oil Cum: 104,463 BO Rate Per Day 6000 PSIG 100 5000…
  20. IPAA OGIS SAN FRANCISCO – Swift Energy Co. – slide 20
    Financial Overview
  21. IPAA OGIS SAN FRANCISCO – Swift Energy Co. – slide 21
    Capitalization in Millions in Millions As of As of Dec. 31, 2010 June. 30, 2011 Cash 86 7% 32 2% Bank Borrowings -- 0% -- 0% 71/8% Sr Notes due 2017 250 20% 250 18% 87/8% Sr Notes due 2020 222 17% 222 16% Net Debt 386 30% 440 32%…
  22. IPAA OGIS SAN FRANCISCO – Swift Energy Co. – slide 22
    Gulf Coast Pricing Boosts Returns 135 LLS HLS NYMEX 81% of Q2 2011 corporate 130 crude oil pricing based on 125 HLS or LLS pricing 120 115 110 105 100 95 90 85 80 75 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11…
  23. IPAA OGIS SAN FRANCISCO – Swift Energy Co. – slide 23
    2011 Capital Expenditure Budget Historical Spending Net Spending by Activity MM 430 MM-480 MM** 800 Development* Exploration Prospect Facilities Prospect Acquisition Costs/Seismic 700 Discretionary 600 Exploration/ 500…
  24. IPAA OGIS SAN FRANCISCO – Swift Energy Co. – slide 24
    Summary
  25. IPAA OGIS SAN FRANCISCO – Swift Energy Co. – slide 25
    Portfolio Potential 3 Key Areas South Texas: Eagle Ford Shale Development 80,000 net acres of resource potential 7-10 Bcfe EUR per dry gas well 395 1,100 MBoe EUR per liquids rich well (6,000 laterals) 6Tcfe (1 BBoe) of resource…
  26. IPAA OGIS SAN FRANCISCO – Swift Energy Co. – slide 26
    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…
  27. IPAA OGIS SAN FRANCISCO – Swift Energy Co. – slide 27
    Key Investment Highlights Extensive operational experience supported by world-class technology Balanced and focused asset base Significant resource within legacy asset base 81% of Q2 2011 corporate crude oil pricing based on HLS…
  28. IPAA OGIS SAN FRANCISCO – Swift Energy Co. – slide 28
    IPAA OGIS San Francisco September 26, 2011

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