December 16, 2009 -- Press Release -- Houston, TX
Swift Energy Announces Officer Promotions. Swift Energy Company announced today that its Board of Directors has promoted three individuals to officer positions with the Company.
December 8, 2009 -- Press Release -- Houston, TX
Swift Energy Presentation at Wells Fargo Exploration and Production, Energy Services and Utility Symposium to Be Webcast. Swift Energy Company’s Executive Vice President and CFO, Alton Heckaman, will give Swift Energy’s corporate presentation Wednesday, December 9, 2009, at 2:30 p.m. EST to the investment community via live audio webcast at the Wells Fargo Exploration and Production, Energy Services and Utility Symposium in New York, NY.
November 2009 -- An Inverview with Bruce Vincent
O&G Investor Interview with Bruce Vincent, New IPAA Chairman. As a long-time advocate for independent producers, Swift’s President Vincent says one of his most important tasks as the new IPAA chairman is to present facts to policy makers that can stand up under scrutiny. One fact that he wants to get across is that natural gas is abundant, clean, and part of the energy answer. In this interview he talks about what is ahead both for IPAA and for Swift as one of the many independent producers.
November 10, 2009 -- Press Release -- Houston, TX
Swift Energy Prices $225 Million Senior Notes Offering and Calls $150 Million of Outstanding Senior Notes Due 2011. Swift Energy Company announced today that it increased the size of its public offering of Senior Notes due 2020 from $200 million to $225 million, and that it is calling for redemption all of its outstanding $150 million 7 5/8% Senior Notes due 2011 in accordance with the terms of those notes.
November 10, 2009 -- Press Release -- Houston, TX
Swift Energy Announces Public Offering of $200 Million of Senior Notes. Swift Energy Company announced today that it intends to offer $200 million of senior notes due 2020 in a public offering. The Company has filed a preliminary prospectus supplement today with the Securities and Exchange Commission relating to the offering, which is expected to close later this month.
November 3, 2009 -- 2009 Form 10-Q for Third Quarter
Swift Energy's Form 10-Q for quarter ended September 30, 2009, is now available on this web site. Also available in PDF format.
November 3, 2009 -- Press Release -- Houston, TX
Swift Energy Announces Third Quarter 2009 Results: Earnings of $7.6 Million, or $0.21 per Diluted Share; and Adjusted Cash Flow of $57.6 Million or $1.65 per Diluted Share. Swift Energy Company (NYSE: SFY) announced today earnings for the third quarter of 2009 of $7.6 million, or $0.21 per diluted share, a decrease of 88% when compared to $62.3 million of earnings for the third quarter 2008, or $1.96 per diluted share. Adjusted cash flow (cash flow before working capital changes, a non-GAAP measure - see page 7 for reconciliation to the GAAP measure) for the third quarter of 2009 decreased 63% to $57.6 million, or $1.65 per diluted share, compared to $154.0 million, or $4.94 per diluted share, for the third quarter 2008. Swift Energy produced 2.22 million barrels of oil equivalent (“MMBoe”) during the third quarter of 2009, which is a 4% decrease compared to third quarter 2008 production of 2.32 MMBoe and a 2% decrease compared to second quarter 2009 production.
November 2, 2009 -- Press Release -- Houston, TX
Swift Energy Company and Petrohawk Energy Corporation Announce Joint Venture to Develop Eagle Ford Shale. Swift Energy Company (“Swift Energy”) and Petrohawk Energy Corporation (“Petrohawk”) have executed a definitive agreement to jointly develop and operate an approximate 26,000 acre portion of Swift Energy’s Eagle Ford Shale acreage in McMullen County, Texas.
October 2009 -- An Interview with Terry Swift and Bruce Vincent
On the advent of Swift Energy Company’s 30th anniversary on October 11, 2009, CEO Terry Swift and President Bruce Vincent in an interview with Oil & Gas Financial Journal reflect on the past and discuss how the company is currently focusing on gas production in South Texas and oil production in South Louisiana and how they think their activities in these areas will lead to long-term future success on their “Road to the Future,” which was adopted as the company’s theme for 2009.
October 5, 2009 -- Press Release -- Houston, TX
Swift Energy Schedules Third Quarter 2009 Earnings Release and Conference Call. Swift Energy Company will release its third quarter 2009 financial results on Tuesday, November 3, 2009, before the market opens and conduct a conference call to discuss such results on that date at 9:00 a.m. CST. To participate in this conference call, dial 973-339-3086 five to ten minutes before the scheduled start time and indicate your intention to participate in the Swift Energy conference call. A delayed digital replay of the call will also be available November 3 through November 10, by dialing 706-645-9291 and using pin #27924363. Additionally, the conference call will be available over the internet by accessing the Company’s website at www.swiftenergy.com and by clicking on the event hyperlink. This webcast will be available online and archived at the Company’s website for approximately two weeks after the call.
September 28, 2009 -- Press Release -- Houston, TX
Swift Energy Presentation at IPAA Oil & Gas Investment Symposium To Be Webcast. Swift Energy Company’s President, Bruce H. Vincent, will give Swift Energy’s corporate presentation Tuesday, September 29, 2009, at 1:55 p.m. EDT to the investment community via live audio webcast at the IPAA Oil & Gas Investment Symposium in San Francisco, CA.
August 10, 2009 -- Press Release -- Houston, TX
Swift Energy Closes Public Offering of 6,210,000 Shares of Common Stock. Swift Energy Company announced that today it has closed both its previously announced public offering of 5,400,000 shares of its common stock and the sale of an additional 810,000 shares of common stock to cover the underwriters’ full exercise of their over-allotment option, all at a price of $18.50 per share.
August 5, 2009 -- 2009 Form 10-Q for Second Quarter
Swift Energy's Form 10-Q for quarter ended June 30, 2009, is now available on this web site. Also available in PDF format.
August 4, 2009 -- Press Release -- Houston, TX
Swift Energy Prices Public Offering of 5,400,000 Shares of Common Stock. Swift Energy Company announced today that it has increased the size of its previously announced public offering of shares of its common stock from 5,000,000 shares to 5,400,000 shares, and priced the offering at $18.50 per share. The Company has granted the underwriters an option exercisable for a period of 30 days to purchase up to 810,000 additional shares of common stock to cover any over-allotments.
August 3, 2009 -- Press Release -- Houston, TX
Swift Energy Announces Second Quarter 2009 Results and Rescheduled Earnings Conference Call. Swift Energy Company announced today a loss from continuing operations for the second quarter of 2009 of $2.2 million, or $0.07 per diluted share, a decrease of 103% when compared to $83.2 million of income from continuing operations for the second quarter 2008, or $2.62 per diluted share. (The production, revenue, expense, cash flow and income information reported for the second quarter 2009 are the results of continuing operations of Swift Energy.)
August 3, 2009 -- Press Release -- Houston, TX
Swift Energy Announces Public Offering of 5,000,000 Shares of Common Stock. Swift Energy Company announced today that it has commenced a public offering of 5,000,000 shares of its common stock. The net proceeds of this offering will be used to pay down borrowings under the Company’s revolving credit facility and to use the funds then made available under that credit facility for general corporate purposes. The Company has granted the underwriters a 30-day option to purchase up to an additional 750,000 shares of common stock to cover over-allotments, if any.
July 6, 2009 -- Press Release -- Houston, TX
Swift Energy Schedules Second Quarter 2009 Earnings Release and Conference Call. Swift Energy Company will release its second quarter 2009 financial results on Thursday, August 6, 2009, before the market opens and conduct a conference call to discuss such results on that date at 9:00 a.m. CDT. To participate in this conference call, dial 973-339-3086 five to ten minutes before the scheduled start time and indicate your intention to participate in the Swift Energy conference call. A delayed digital replay of the call will also be available August 6 through August 13, by dialing 706-645-9291 and using pin #13424441. Additionally, the conference call will be available over the internet by accessing the Company’s website at www.swiftenergy.com and by clicking on the event hyperlink. This webcast will be available online and archived at the Company’s website for approximately two weeks after the call.
June 1, 2009 -- Press Release -- Houston, TX
Swift Energy Presentation at IPAA Oil & Gas Investment Symposium To Be Webcast. Swift Energy Company’s President, Bruce H. Vincent, will give Swift Energy’s corporate presentation Tuesday, June 2, 2009, at 4:00 a.m. EDT to the investment community via live audio webcast at the IPAA Oil & Gas Investment Symposium in London, England.
May 19, 2009 -- Press Release -- Houston, TX
Swift Energy Announces SEC Filing of $500 Million Universal Shelf Registration. Swift Energy Company today filed a universal shelf registration statement with the Securities and Exchange Commission (“SEC”) to allow Swift Energy to offer up to $500 million of Swift Energy equity or debt securities or any combination thereof in the future. Upon effectiveness of the registration statement, Swift Energy may offer one or more of these securities from time to time in amounts, at prices, and on terms to be announced along with the use of proceeds from the sale of any securities offered, in a prospectus supplement to be filed with the SEC at the time of any such offering.
May 13, 2009 -- Press Release -- Houston, TX
Swift Energy Announces Results of Annual Shareholder Meeting. Swift Energy Company announced today that Clyde W. Smith, Jr., Terry E. Swift and Charles J. Swindells were re-elected to serve three-year terms on Swift Energy Company’s Board of Directors at its annual meeting of shareholders held Tuesday, May 12, 2009.
May 12, 2009 -- Annual Shareholder Meeting
Swift Energy Company’s slide presentation at the Annual Shareholder Meeting, Tuesday, May 12, 2009, at the Hilton Houston North Hotel in Houston, Texas.
May 7, 2009 -- 2009 Form 10-Q for First Quarter
Swift Energy's Form 10-Q for quarter ended March 31, 2009, is now available on this web site. Also available in PDF format.
May 7, 2009 -- Press Release -- Houston, TX
Swift Energy Announces First Quarter 2009 Results. Swift Energy Company (NYSE: SFY) announced today a loss for the first quarter of 2009 of $59.1 million, or $1.91 per diluted share, which includes a non-cash ceiling test after-tax write-down of its oil and gas properties of $50.0 million, or $1.61 per share.
Without the effects of the ceiling test write-down, the Company’s loss from continuing operations (a non-GAAP measure - see page 6 for reconciliation to the GAAP measure) for the first quarter 2009 was $9.0 million, or $0.29 per diluted share, which compares to $49.8 million of income from continuing operations for the first quarter 2008, or $1.59 per diluted share. (The production, revenue, expense, cash flow and income information reported for the first quarter 2009 are the results of continuing operations of Swift Energy.)
April 29, 2009 -- Press Release -- Houston, TX
Swift Energy Announces $300 Million Borrowing Base. Swift Energy Company announced today that in conjunction with the normal semi-annual review, its ten member bank group has re-determined the Company’s borrowing base and commitment amount under its revolving credit facility to be $300 million, effective May 1, 2009. This is a decrease from the previous borrowing base of $400 million and commitment amount of $350 million.
April 16, 2009 -- Press Release -- Houston, TX
Swift Energy Presentation at IPAA Oil & Gas Investment Symposium To Be Webcast. Swift Energy Company’s President, Bruce H. Vincent, will give Swift Energy’s corporate presentation Monday, April 20, 2009, at 10:00 a.m. EDT to the investment community via live audio webcast at the IPAA Oil & Gas Investment Symposium in New York, NY.
April 9, 2009 -- UBS Energy Conference
Swift Energy slide presentation entitled "The Road to the Future" at the UBS Energy Conference on April 9, 2009.
April 7, 2009 -- Press Release -- Houston, TX
Swift Energy Schedules First Quarter 2009 Earnings Release and Conference Call. Swift Energy Company will release its first quarter 2009 financial
results on Thursday, May 7, 2009, before the market opens and
conduct a conference call to discuss such results on that date
at 9:00 a.m. CDT. To participate in this conference call, dial
973-339-3086 five to ten minutes before the scheduled start time
and indicate your intention to participate in the Swift Energy
conference call. A delayed digital replay of the call will also
be available May 7 through May 14, by dialing 706-645-9291 and
using pin #94207769. Additionally, the conference call will be
available over the internet by accessing the Company’s website
at www.swiftenergy.com and by clicking on the event hyperlink. This webcast will be
available online and archived at the Company’s website for
approximately two weeks after the call.
March 25, 2009 -- Howard Weil 2009 Energy Conference
Swift Energy slide presentation entitled "The Road to the Future" at the Howard Weil 2009 Energy Conference.
March 3, 2009 -- C-SPAN Interview with Bruce Vincent
Bruce Vincent, president
of Swift Energy and vice-chairman of the International Petroleum Association
of America, was
interviewed on C-SPAN on March 3, 2009, regarding proposed changes to
the nation’s energy policy.
February 26, 2009 -- Press Release -- Houston, TX
Swift Energy To Detail 2009 Capital Expenditure Plans and Operations at Analyst/Investor Meeting. Swift Energy
To Detail 2009 Capital Expenditure Plans and Operations at Analyst/Investor
Meeting. Swift Energy Company will host a meeting with
financial analysts, portfolio managers and investors today, February 26, 2009,
beginning at 8:00 a.m. CST at the Hilton Houston North on Greenspoint Drive in
Houston, Texas. At this meeting, Swift Energy’s management will provide an
annual briefing that will include an update on certain 2008 results as well as
covering operational and financial plans for full year 2009.
February 19, 2009 -- Press Release -- Houston, TX
Swift Energy
Announces Fourth Quarter and Full Year 2008 Results. Swift Energy Company
(NYSE: SFY) announced today a loss for 2008 of $260.5 million, or $8.50 per
diluted share, which includes a non-cash ceiling test write-down (after-tax) of
its oil and gas properties of $473.1 million, or $15.15 per share. The Company’s loss for 2008 from continuing operations was $257.1 million, or
$8.39 per diluted share, which also includes the non-cash ceiling test
write-down. Without the effects of this write-down, income from continuing
operations (a non-GAAP measure - see press release for reconciliation to the GAAP
measure) for the full year 2008 would have been $216.0 million, or $6.92 per
diluted share, a 42% increase compared to $152.6 million of income from
continuing operations for 2007, or $4.98 per diluted share. (Unless otherwise
noted, the production, revenue, expense, cash flow and income information
reported for the fourth quarter and full-year 2008 are the results of continuing
operations of Swift Energy).
January 8, 2009 -- Press Release -- Houston, TX
Swift Energy
Announces Its Fourth Quarter and Year-End 2008 Earnings Call and 2009
Analyst/Investor Meeting. Swift Energy Company will report fourth quarter and year-end 2008
financial and operational results on Thursday, February 19, 2009
by issuing a news release before the market opens and conducting
a conference call on that date at 9:00 a.m. CST. To participate
in this conference call, dial 973-339-3086 five to ten minutes
before the scheduled start time and indicate your intention to
participate in the Swift Energy conference call. A digital
replay of the call will also be available later on February 19
until February 26, by dialing 706-645-9291 and using Conference
ID # 79927827. Additionally, the conference call replay will be
available over the internet by accessing the Company’s website
at www.swiftenergy.com and by clicking on the event hyperlink. This webcast will be
available online and archived at the Company’s website for
approximately 30 days.
December 2, 2008 -- Press Release -- Houston, TX
Swift Energy
Presentation at Upcoming Investor Conferences To Be Webcast. Swift Energy
Company’s Executive Vice President and CFO, Alton
Heckaman, will give Swift Energy’s corporate presentation Wednesday, December 3,
at 9:15 a.m. EST via live audio webcast at Friedman Billings Ramsey’s 2008 Fall
Investor Conference in New York, NY and Thursday, December 4, 2008, at 9:25 a.m.
EST via live audio webcast at the NYSE Euronext and WJB Capital Group Growth
Conference in Boston, MA.
November 7, 2008 -- 2008 Form 10-Q for Third Quarter
Swift Energy's Form 10-Q
for the period ended September 30, 2008, is now available on this web site.
Also available in PDF format.
November 6, 2008 -- Press Release -- Houston, TX
SWIFT ENERGY ANNOUNCES THIRD QUARTER 2008 RESULTS: 45% Increase in Earnings from Continuing Operations to $62.3 Million, or $1.98 per Diluted Share; and
23% Increase in Adjusted Cash Flow* from Continuing Operations to $154.0 Million, or $4.90 per Diluted Share. Swift Energy Company
(NYSE: SFY) announced today that its income from continuing operations for the
third quarter of 2008 increased 45% to $62.3 million, or $1.98 per diluted
share, compared to $42.9 million, or $1.40 per diluted share of income from
continuing operations earned in the third quarter of 2007. Adjusted cash flow
from continuing operations (cash flow before working capital changes, a non-GAAP
measure - see page 6 for reconciliation to the GAAP measure) for the third
quarter of 2008 increased 23% to $154.0 million, or $4.90 per diluted share,
compared to $125.3 million of adjusted cash flow, or $4.08 per diluted share,
for the same period of 2007.
Swift Energy produced 2.32 million barrels of oil equivalent
(“MMBoe”) from continuing operations during the third quarter of 2008, which is
a 14% decrease when compared to third quarter 2007 production of 2.70 MMBoe from
continuing operations. Approximately 0.52 MMBoe were shut-in during the
just-completed quarter due to Hurricanes Gustav and Ike. The Company estimates
that including this shut-in production with the production realized during the
third quarter of 2008 would have resulted in a 5% production increase over third
quarter production levels a year earlier.
October 9, 2008 -- Press Release -- Houston, TX
Swift Energy Schedules Third Quarter 2008 Earnings Release and Conference Call. Swift Energy Company will release its third quarter 2008 financial results on Thursday, November 6, 2008, before the market opens and conduct a conference call to discuss such results on that date at 9:00 a.m. CST. To participate in this conference call, dial 973-339-3086 five to ten minutes before the scheduled start time and indicate your intention to participate in the Swift Energy conference call. A delayed digital replay of the call will also be available November 6 through November 16, by dialing 706-645-9291 and using pin #67562152. Additionally, the conference call will be available over the internet by accessing the Company’s website at www.swiftenergy.com and by clicking on the event hyperlink. This webcast will be available online and archived at the Company’s website for approximately two weeks after the call.
October 3, 2008 -- Press Release -- Houston, TX
Swift Energy Presentation at IPAA Oil & Gas Investment Symposium To Be Webcast. Swift Energy Company’s President, Bruce H. Vincent, gave Swift Energy’s corporate presentation Monday, October 6, 2008, to the investment community via live audio webcast at the IPAA Oil & Gas Investment Symposium in San Francisco, CA.
October 1, 2008 -- Press Release -- Houston, TX
Swift Energy
Restarts Louisiana Production Following Recent Hurricanes. Swift Energy
Company announced today that production in its Lake
Washington field, located in Plaquemines Parish, LA., has been
restored to approximately 85% of pre-storm levels and is
expected to reach pre-storm production levels later this week.
All operated production has been restored in the Horseshoe
Bayou, Bayou Sale, Cote Blanche Island, Jeanerette, South Bearhead Creek, Brookeland and Masters Creek fields. High Island
and some non-operated production remain shut in waiting on minor
repairs and/or certain third party services but are expected to
be restored within the next few weeks.
September 23, 2008 -- Press Release -- Houston, TX
Swift Energy
Donates $0.5 Million to Hurricane Disaster Relief. Swift Energy Company announced today that it will donate $0.5 million to
the Gulf Coast Ike Relief Fund to provide assistance to those
people and communities affected by the recent hurricane that hit
the Gulf Coast region.
September 18, 2008 -- Press Release -- Houston, TX
Swift Energy
Updates Operations Following Hurricane Ike. Swift
Energy Company announced today it has begun the
resumption of production operations at its various fields
affected by Hurricanes Gustav and Ike including the Newport area
of Lake Washington where crews are working to bring field wide
production online. Drilling operations will resume in Lake
Washington and the surrounding area once contracted drilling
rigs can navigate their return to the field.
September 17, 2008 -- Press Release -- Houston, TX
Swift Energy
Closes South Texas Acquisition. Swift Energy Company closed the previously announced acquisition of
property interests from Crimson Energy Partners, L.P., a
privately held company with an effective date of May 1, 2008.
The interests in Crimson’s Briscoe “A” lease and wells are
located in Dimmit County, TX on 5,140 acres adjacent to existing
Swift Energy production in its Cotulla area. Production is
approximately 90% natural gas and natural gas liquids and
averaged approximately 3.7 million cubic feet equivalent (“MMcfe”)
per day net to the purchased working interests for the first
seven months of 2008.
September 5, 2008 -- Press Release -- Houston, TX
Swift Energy
Updates Operational Progress Following Hurricane Gustav. Swift Energy
Company announced today the status of initial physical
assessments of its coastal Louisiana properties, including the
Lake Washington Field in Plaquemines Parish, Bay de Chene Field
in Jefferson and Lafourche Parishes, and Horseshoe Bayou, Bayou
Sale and Cote Blanche Island Fields, in St. Mary Parish. Based
on visual inspection conducted by airplane fly-over on
Wednesday, September 3, the Company reported that the facilities
and infrastructure in all fields are still in place.
September 2, 2008 -- Press Release -- Houston, TX
Swift Energy
Reports on Current Impact from Hurricane Gustav. Swift Energy Company reported that an initial airplane fly-over of our
coastal Louisiana properties is currently being coordinated to
assess the impact of Hurricane Gustav. As previously announced
on Thursday, Swift Energy began implementing standard shut-down
procedures in its coastal Louisiana properties due to weather
risks from then approaching Tropical Storm Gustav. With the
subsequent strengthening and path of the storm, Swift Energy
shut in all fields in its South Louisiana area, moved all
drilling rigs to safe harbor, and all personnel were safely
evacuated by early afternoon on Sunday, August 31.
August 29, 2008 -- Press Release -- Houston, TX
Swift Energy
Prepares for Tropical Storm Gustav. Swift Energy Company announced that yesterday it began implementing standard
shut-down procedures in its coastal Louisiana properties
including the Lake Washington Field in Plaquemines Parish, Bay
de Chene Field in Jefferson and Lafourche Parishes, and
Horseshoe Bayou Field, Bayou Sale Field and Cote Blanche Island
Field, in St. Mary’s Parish, due to the risk of adverse weather
conditions currently anticipated from approaching Tropical Storm
Gustav. All nonessential personnel and equipment are being
evacuated from these fields. Preparations are being made to
quickly evacuate all remaining employees and contract personnel
and shut down all operational activities in these areas if the
Company’s crisis management procedures are activated.
August 28, 2008 -- Press Release -- Houston, TX
Swift Energy
To Acquire South Texas Properties for $47 Million. Swift Energy Company announced today that it has signed an agreement to
purchase from Crimson Energy Partners, L.P., a privately held
company, oil and natural gas interests in Dimmit County in South
Texas for $47 million. The interests in Crimson’s Briscoe “A”
lease and wells are located on 5,140 acres adjacent to existing
Swift Energy production in its Cotulla area. The acquisition is
expected to close within 30 days, with an effective date of May
1, 2008. The total acquisition purchase price is subject to
typical post-closing adjustments.
August 7, 2008 -- 2008 Form 10-Q for Second Quarter
Swift Energy's Form 10-Q
for the period ended June 30, 2008, is now available on this web site. Also in PDF format.
August 7, 2008 -- Press Release -- Houston, TX
SWIFT ENERGY ANNOUNCES SECOND QUARTER 2008 RESULTS: 173% Increase in Earnings from Continuing Operations to a Record $83.2 Million,
or $2.66 per Diluted Share; and 71% Increase in Adjusted Cash Flow* from Continuing Operations to $184.4 Million, or $5.88 per Diluted Share. Swift Energy Company
(NYSE: SFY) announced today that its income from continuing operations for the
second quarter of 2008 increased 173% to a record $83.2 million, or $2.66 per
diluted share, compared to $30.5 million, or $1.00 per diluted share of income
from continuing operations earned in the second quarter of 2007. Adjusted cash
flow from continuing operations (*cash flow before working capital changes, a
non-GAAP measure - see page 6 for reconciliation to the GAAP measure) for the
second quarter of 2008 increased 71% to a record $184.4 million, or $5.88 per
diluted share, compared to $107.8 million of adjusted cash flow, or $3.52 per
diluted share, for the same period of 2007.
Swift Energy produced 2.69 million barrels of oil equivalent
(“MMBoe”) from continuing operations during the second quarter of 2008, which is
a 4% increase when compared to second quarter 2007 production of 2.59 MMBoe from
continuing operations.
July 7, 2008 -- Press Release -- Houston, TX
Swift Energy
Schedules Second Quarter 2008 Earnings Release and Conference Call. Swift
Energy Company will release its second quarter 2008 financial
results on Thursday, August 7, 2008, before the market opens and
conduct a conference call to discuss such results on that date
at 9:00 a.m. CDT. To participate in this conference call, dial
973-339-3086 five to ten minutes before the scheduled start time
and indicate your intention to participate in the Swift Energy
conference call. A delayed digital replay of the call will also
be available August 7 through August 14, by dialing 706-645-9291
and using pin #52522627. Additionally, the conference call will
be available over the internet by accessing the Company’s
website at www.swiftenergy.com and by clicking on the event hyperlink. This webcast will be
available online and archived at the Company’s website for
approximately two weeks after the call.
June 13, 2008 -- Press Release -- Houston, TX
Swift Energy
Closes New Zealand Sale. Swift Energy Company closed the previously announced disposition of certain of
Swift Energy’s New Zealand assets with subsidiaries of Origin
Energy Limited (“Origin Energy”) effective as of December 1,
2007, representing the major portion of the New Zealand assets
held by Swift Energy subsidiaries. The final sales price of the
property interests, which were sold, was $82.7 million and is
subject to post closing adjustments. These proceeds will be
utilized to pay down a portion of the outstanding balance on the
Company’s bank line. The close of the previously announced sale of Swift Energy Company’s
remaining New Zealand assets is expected to occur in the next several months.
June 2, 2008 -- Press Release -- Houston, TX
Swift Energy
Presentation at IPAA Oil & Gas Investment Symposium To Be Webcast. Swift
Energy Company’s President, Bruce H. Vincent, will give Swift
Energy’s corporate presentation Tuesday, June 3, 2008, at 5:30
a.m. EDT to the investment community via live audio webcast at
the IPAA Oil & Gas Investment Symposium in London, England.
May 21, 2008 -- Press Release -- Houston, TX
Swift Energy
Presentation at Sixth Annual Louisiana Energy Conference To Be Webcast. Swift
Energy Company’s Vice President of Operating Compliance & External
Relations, Thomas E. Schmidt, will give Swift Energy’s corporate
presentation Thursday, May 22, 2008, at 8:30 a.m. CDT to the
investment community via live audio webcast at the Louisiana
Energy Conference in New Orleans, LA.
May 14, 2008 -- Press Release -- Houston, TX
Swift Energy
Announces Results of Annual Shareholder Meeting. Swift Energy Company announced today that Deanna L. Cannon, Douglas J. Lanier
and Bruce H. Vincent were re-elected to serve three-year terms
on Swift Energy Company’s Board of Directors at its annual
meeting of shareholders held Tuesday, May 13, 2008. Additional proposals also approved by Swift Energy shareholders at the
meeting were amending the Swift Energy Company 2005 Stock Compensation Plan to
increase the number of shares of the Company’s common stock available for awards
under the plan, amending the Employee Stock Purchase Plan to increase the number
of shares of the Company’s common stock to be issued under the plan and
ratifying Ernst & Young, LLP as Swift Energy’s independent auditor.
May 8, 2008 -- 2008 Form 10-Q for First Quarter
Swift Energy's Form 10-Q
for the period ended March 31, 2008, is now available on this web site. Also in PDF format.
May 8, 2008 -- Press Release -- Houston, TX
SWIFT ENERGY ANNOUNCES FIRST QUARTER 2008 RESULTS:
88% Increase in Earnings from Continuing Operations to $49.8 Million, or $1.61 per Diluted Share;
62% Increase in Cash Flow from Continuing Operations to $136.3 Million, or $4.41 per Diluted Share. Swift
Energy Company announced today that its income from continuing operations for the first
quarter of 2008 increased 88% to $49.8 million, or $1.61 per diluted share,
compared to $26.4 million of income from continuing operations earned in the
first quarter of 2007, or $0.87 per diluted share. Adjusted cash flow from
continuing operations (*cash flow before working capital changes, a non-GAAP
measure - see page 6 for reconciliation to the GAAP measure) for the first
quarter of 2008 increased 62% to $136.3 million, or $4.41 per diluted share,
compared to $84.2 million of adjusted cash flow, or $2.76 per diluted share, for
the same period of 2007
Swift Energy produced 2.57 million barrels of oil equivalent (“MMBoe”) from
continuing operations (domestically) during the first quarter of 2008, which is
a 1% increase compared to first quarter 2007 production of 2.53 MMBoe from
continuing operations.
May 6, 2008 -- Press Release -- Houston, TX
Swift Energy
Agrees to Sale of Remaining New Zealand Assets. Swift Energy Company announced today that one of its subsidiaries, Swift
Energy New Zealand, has agreed to sell the remaining portion of
its assets to an undisclosed party for $15 million, which will
be paid over 30 months after closing the transaction. The future
payments are secured by unconditional letters of credit. Upon
closing, a non-cash gain of approximately $12.8 million will be
recorded, which represents the present value of these payments
net of approximately $0.5 million of book value. The transaction
is subject to certain New Zealand government approvals and is
expected to close within the next few months.
April 16, 2008 -- Press Release -- Houston, TX
Swift Energy
Schedules First Quarter 2008 Earnings Release and Conference Call. Swift
Energy Company will release its first quarter 2008 financial
results on Thursday, May 8, 2008, before the market opens and
conduct a conference call to discuss such results on that date
at 9:00 a.m. CDT. To participate in this conference call, dial
973-339-3086 five to ten minutes before the scheduled start time
and indicate your intention to participate in the Swift Energy
conference call. A delayed digital replay of the call will also
be available May 8 through May 15, by dialing 706-645-9291 and
using pin #39919102. Additionally, the conference call will be
available over the internet by accessing the Company’s website
at www.swiftenergy.com and by clicking on the event hyperlink. This webcast will be
available online and archived at the Company’s website for
approximately two weeks after the call.
April 11, 2008 -- 2008 Proxy Statement
Swift Energy's Proxy Statement
for the 2008 annual meeting of shareholders is now online in PDF format.
April 4, 2008 -- Press Release -- Houston, TX
Swift Energy
Presentation at IPAA Oil & Gas Investment Symposium To Be Webcast. Swift
Energy Company’s President & Secretary, Bruce H. Vincent, will give
Swift Energy’s corporate presentation Monday, April 7, 2008, at
12:05 p.m. EDT to the investment community via live audio webcast at the IPAA Oil & Gas Investment Symposium in New York,
NY.
March 11, 2008 -- Press Release -- Houston, TX
Swift Energy
Executes Marketing Agreement for Bay de Chene Field. Swift Energy Company announced today that it has signed an agreement with
a subsidiary of Enbridge Energy Partners to purchase up to 15
million cubic feet (“MMcf”) per day of natural gas out of Swift
Energy’s Bay de Chene Field with an option for take away
capacity up to 25 MMcf per day. This capacity is expected to be
available by the end of the second quarter 2008.
March 11, 2008 -- Press Release -- Houston, TX
Swift Energy
Presentation at Dahlman Rose 2008 Energy Supply Chain Conference To Be Webcast. Swift
Energy Company’s Executive Vice President and CFO, Alton Heckaman,
will give Swift Energy’s corporate presentation Wednesday, March
12, at 1:00 p.m. EDT to the investment community via live audio
webcast at the Dahlman Rose 2008 Energy Supply Chain Conference
in New York, NY.
February 29, 2008 -- 2007 Form 10-K
Swift Energy's Form
10-K
for the period ending December 31, 2007, is now available on this web site.
Also available in PDF format.
February 22, 2008 -- Analyst/Investor Meeting -- Houston, TX
Swift Energy hosted a meeting (which was webcast) with financial analysts,
portfolio managers and investors on Wednesday, February 20, 2008, in Houston,
Texas. The meeting began at 8:00 a.m. CST and was held at the Marriott Woodlands
Waterway Hotel and Convention Center on Lake Robbins Drive in The Woodlands,
Texas.
February 14, 2008 -- Press Release -- Houston, TX
SWIFT ENERGY ANNOUNCES 2007 RESULTS: 2007 Income from Continuing Operations of $152.6 Million,
or $4.98/Share;
2007 Production from Continuing Operations Increases 12% to 10.6 MMBoe; and
2007 Fourth Quarter Earnings from Continuing Operations of $52.7 Million, or $1.71/Share. Swift
Energy Company announced today income from continuing
operations for 2007 of $152.6 million, or $4.98 per diluted share, a 1% increase
compared to $151.1 million of income from continuing operations for 2006, or
$5.03 per diluted share. Due to the execution in December 2007 of a definitive
sales agreement for the largest portion of Swift’s New Zealand operations, in
the fourth quarter Swift Energy is recording a $131 million loss from
discontinued operations, net of taxes, resulting in net income for the year of
$21.3 million. Accordingly, the revenue, expense, cash flow and income
information reported for the fourth quarter and full-year 2007 are the results
of continuing operations of Swift Energy, most of which are predominately
domestic operations.
February 14, 2008 -- Press Release -- Houston, TX
Swift Energy
Announces New Executive Appointments. Swift Energy Company announced today that Robert J. Banks has been
appointed Executive Vice President and Chief Operating Officer
of Swift Energy Company effective immediately. After 20 years of
service with Swift, Mr. Joe D’Amico, who has served as Chief
Operating Officer since 2000, has notified the Company of his
intent to retire in May 2008. Mr. D’Amico will continue to serve
as an Executive Vice President until his retirement date to
ensure an orderly transition. Additionally, Swift Energy
announced that John C. Branca has been appointed Vice President
– Exploration & Development effective immediately.
February 6, 2008 -- Press Release -- Houston, TX
Swift Energy
Announces: 2007 Record Reserves and Production and Non-Cash Charge on New
Zealand Discontinued Operations. Swift Energy Company announced today that its year-end 2007 reserves
total a record 150.1 million barrels of oil equivalent (“MMboe”)
(900.7 Billion cubic feet equivalent of natural gas (“Bcfe”)),
an increase of 10 percent over year-end 2006 levels. Swift
Energy’s 2007 total production increased to 12.0 MMboe (72.0
Bcfe), also a record, and a 3% increase over 2006 levels, with
approximately 10.6 MMboe (63.7 Bcfe) produced domestically and
1.4 MMboe (8.3 Bcfe) produced in New Zealand.
The Company also announced today that given the pending sale of its New
Zealand assets its New Zealand activities are being accounted for as
“discontinued operations” in 2007. As announced in mid-December, Swift Energy
executed definitive agreements to sell certain of Swift Energy’s New Zealand
assets for a minimum of $87.8 million effective December 1, 2007, representing
the major portion of its assets there. This sale is anticipated to close before
March 31, 2008. This asset sale will result in a non-cash charge of $131 million
charge (net of tax-effects) in the fourth quarter of 2007, based on the
difference between the recorded value of these New Zealand assets and the
expected sales proceeds from their sale. As previously announced, Swift Energy
expects to realize total cash proceeds of between $100 and $110 million from the
sale of all of its New Zealand assets and any additional proceeds beyond this
initial $87.8 million will be reflected as a gain from discontinued operations
upon the execution of definitive agreements, anticipated to be in place later
this year. All future corporate results will be of Swift Energy’s continuing
domestic operations, and New Zealand results will be reclassified into
discontinued operations for all periods presented.
January 22, 2008 -- Press Release -- Houston, TX
Swift Energy
Announces Its Fourth Quarter and Year-End 2007 Earnings Call and 2008
Analyst/Investor Meeting. Swift Energy Company (NYSE: SFY) will report fourth quarter and year-end 2007
financial and operational results on Thursday, February 14, 2008
by issuing a news release before the market opens and conducting
a conference call on that date at 9:00 a.m. CST. To participate
in this conference call, dial 973-339-3086 five to ten minutes
before the scheduled start time and indicate your intention to
participate in the Swift Energy conference call. A digital
replay of the call will be available later on February 14 until
February 21, by dialing 706-645-9291 and using Conference ID #
28536832. Additionally, the conference call will be available
over the internet by accessing the Company’s website at www.swiftenergy.com and by clicking on the event hyperlink. This webcast will be
available online and archived at the Company’s website for
approximately 30 days.
Swift Energy will host its annual meeting with financial analysts, portfolio
managers and investors on February 20, 2008 in the Houston area. At this
meeting, Swift Energy’s management will provide a briefing on operational and
financial results for 2007 as well as plans and guidance for first quarter and
full year 2008. An audio webcast accompanied with the slides of the analyst
presentation will be available on the Company’s website www.swiftenergy.com by clicking on the event hyperlink commencing
on February 20, 2008. |
