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Q4 AND YE 2014 EARNINGS – Swift Energy Co.

Swift Energy Co. · Feb 26, 2015 · 11 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. Q4 AND YE 2014 EARNINGS – Swift Energy Co. – slide 1
    Fourth Quarter and YE 2014 Earnings February 26, 2015
  2. Q4 AND YE 2014 EARNINGS – Swift Energy Co. – slide 2
    Summary Fourth quarter production of 3.00 MMBoe above guided range of 2.81 2.91 MMBoe Eagle Ford net production grew 32% YoY in 2014 Drilled 36 wells in the Eagle Ford in 2014, including 14 consecutive wells in Fasken that…
  3. Q4 AND YE 2014 EARNINGS – Swift Energy Co. – slide 3
    Fourth Quarter & FY2014 Earnings Highlights(1) (In thousands except per share amounts) 4Q14 4Q13 FY2014 FY2013 Revenues: Oil & Gas Sales 106,350 143,214 547,790 585,229 Other 4,138 (114) 1,666 (828) Total Revenue 110,488 143,100…
  4. Q4 AND YE 2014 EARNINGS – Swift Energy Co. – slide 4
    Fourth Quarter & FY2014 Pricing and Production Highlights(1) 4Q14 4Q13 FY2014 FY2013 Natural Gas Production (Bcf) 10.57 8.73 42.38 33.00 Crude Oil Production (MMBbl) .820 1.02 3.51 3.93 NGL Production (MMBbl) .42 .62 1.81 2.32 Total…
  5. Q4 AND YE 2014 EARNINGS – Swift Energy Co. – slide 5
    Balance Sheet(1) (In thousands) 12/31/14 12/31/13 Current Assets 64,669 92,489 Net PP&E 2,095,037 2,588,817 Other Assets 13,641 17,199 Total Assets 2,173,347 2,698,505 Current Liabilities 148,919 176,033 Long Term Debt 1,074,534…
  6. Q4 AND YE 2014 EARNINGS – Swift Energy Co. – slide 6
    Debt Maturity Schedule 450 Senior Notes Maturity Schedule 400 400 7.875% 350 March 1st 300 250 250 225 7.125% 200 June 1st 8.875% Jan 15th 150 100 50 0 2015 2016 2017 2018 2019 2020 2021 2022 417.6 Million Bank Borrowing…
  7. Q4 AND YE 2014 EARNINGS – Swift Energy Co. – slide 7
    Proactive Response to Current Market Downturn 2015 CapEx has been revised to 110MM to 125MM Midpoint is 70% below 2014 levels Projected CapEx levels expected to yield 11.4 11.6 MMBoe of production Actively targeting reducing various…
  8. Q4 AND YE 2014 EARNINGS – Swift Energy Co. – slide 8
    Reserves Reconciliation and PV10(1) Total Nat Gas Oil NGL (MMBoe) (Bcf) (MMBbls) (MMBbls) Proved Reserves as of 12/31/13 219.2 815.1 53.0 30.4 Revisions (.3) 35.3 (3.0) (3.2) Purchases of Minerals --- --- --- --- Sales of…
  9. Q4 AND YE 2014 EARNINGS – Swift Energy Co. – slide 9
    1Q15 & FY15 Production and CapEx Budget(1) First Quarter 2015 Guidance Range Total Production Volumes (MMBoe) 2.92 2.97 Natural Gas Production (Bcf) 11.1 11.2 Crude Oil Production (MMBbl) 0.65 0.67 Natural Gas Liquids Production…
  10. Q4 AND YE 2014 EARNINGS – Swift Energy Co. – slide 10
    Closing Remarks Our enhanced drilling and completions design continues to improve results across our entire Eagle Ford portfolio 14 consecutive Fasken wells that have IPd over 20 MMcf/d Increased Fasken per well reserve bookings by…
  11. Q4 AND YE 2014 EARNINGS – Swift Energy Co. – slide 11

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