Agenda Corporate Overview Operational Overview South Texas Central Louisiana/East Texas Southeast Louisiana Financial Overview Highlights 3
Corporate Overview Three core crude oil and liquids-rich areas Growing Eagle Ford production and reserves profile Activity in all three areas expected to support production growth with 30% - 40% lower capital spending levels than…
Corporate Overview Line of sight Growth four projects targeting crude oil underway Texas Eagle Ford acceleration resource potential of 244 MMBoe Louisiana Horizontal Wilcox resource potential of 20 28 MMBoe Southwest Colorado…
Operational Overview 6
Development Projects Texas 2 Focus Areas Eagle Ford Shale McMullen County (AWP) & La Salle County (Artesia Wells) Multiple year horizontal development potential Oil and Gas Condensate Acreage 2013 is focused on liquids-rich…
Strategic Growth Projects Central Louisiana South Bearhead Creek Horizontal Wilcox program Low risk Upper and Lower Wilcox infill development Potential for multiple year development Southwest Colorado Horizontal Niobrara Test…
Swift Energy Core and Strategic Growth Areas Total Company Southwest Colorado - Niobrara 2012 Production: 32.0 MBoe/d 2012 YE Proved Reserves: 192.1 MMBoe Central Louisiana Area* 2012 Production: 2.5 MBoe/d 2012 YE Proved…
Texas Overview Continued Liquids Focus High Value Eagle Ford dry gas acreage earned or held Efficiencies are Improving Margins 3-D Seismic facilitates proper placement of laterals Drilling times and costs are being reduced Frac…
2012 Capital Deployment Texas Eagle Ford and Olmos Drilling costs steadily decreased throughout the year by 15% (700 K per well) Drilling days per well steadily decreased throughout the year by 22% (8.5 days) Frac stage execution…
South Texas Focus Areas La Salle County 13,000 net acre Eagle Ford Net Bop/d position in LaSalle County 154 MMBoe net resource potential Located in high value condensate window Position de-risked by Swift and offset operators,…
Successful Downspacing = Significant Upside (1) (1) (2) (1) 60 Acre Development (2) 120 Acre Development 13
Improving IPs, EURs and Downspacing Opportunities Improving IP/EUR projections are being demonstrated in: LaSalle County Eagle Ford - Oil & Condensate models McMullen County Eagle Ford - Oil and Condensate models Olmos - Oil…
Comparison of Refined Target Well Results vs. Original Target Well Results 15
2013 and Beyond Capital Efficiencies Additional capital efficiencies are likely over and above our capital budget forecast Drilling Forecast another 4 - 8% reduction in drilling costs in 2013 Completions Released firm dedicated frac…
Central Louisiana Focus Areas Burr Ferry Vernon Parish Over 30% Oil, 35% Natural Gas Liquids 36 Locations within 2 AMIs: 16 locations AMI I 20 locations AMI II 10-16 MMBoe Net Resource Potential Recent well test: 1,042 Barrels of…
Southeast Louisiana Lake Washington Development Low cost per barrel development opportunities Multi-year recompletion inventory High return production optimization program Crude oil production benefits from Gulf Coast pricing…
Summary Development Projects Diverse and extensive portfolio Predominantly liquids with premium Gulf Coast Pricing Premier Dry Gas HBP acreage in Webb County with 1Tcf in potential reserves (4.50/Mcf, 139% IRR, 10 month payout)…
Financial Overview 20
Capitalization
2013 Capital Expenditure Budget Historical Spending 2013 Spending by Activity MM 440 MM-480 MM** Facilities Prospect Costs/Seismic Discretionary Development *For presentation purposes, development includes facilities…
Highlights 23
2013 Key Strategic Growth Milestones Strategic Growth three projects targeting crude oil Southeast Louisiana Sub-Salt Resource potential of 200 350 High quality partnership formed to explore Sub-Salt Miocene Southwest Colorado…
2013 Key Operational Milestones South Texas Eagle Ford Program Acceleration Leverage operational improvements and increase South Texas liquids growth Accelerate program cash flow growth and activity Bring in a Joint Venture Partner…
2013 Key Operational Milestones South Texas Operational Improvements Initial Production rate increase of 10% based on performance of most recent Eagle Ford Oil & Condensate wells Estimated Ultimate Recovery improvement of 10% based…
IPAA OGIS Toronto June 11, 2013
Appendix 28
Portfolio Life Cycle 29
Portfolio Value Profile 30
Portfolio Value Profile (Cont.) 31
South Bearhead Creek Summary 10,000 Potential Reserves No. Utilizing 3-D Seismic Technology MMBoe Wells U A 2-4 9 W P I P B 8-10 10 L E C 11-15 12 C R O X A 7-9 4 B 12-16 8 Horizontal Drilling Technology L C 6-8 6 O W D 4-6…
Comparison of Vertical Performance vs. Horizontal Wells Projections South Bearhead Creek Field Vertical Well Performance (Upper Projected Horizontal Well Wilcox B Zone) Performance (5,000 lateral) Average IP 100 200 Bopd IP (10 x) 1,000…
Southwest Colorado Niobrara Well Production, EURs and Estimated Horizontal Well EUR 34
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