December 6, 2010 -- Press Release -- Houston, TX
Swift Energy Presentation at Wells Fargo Securities 9th Annual Pipeline, MLP, and E&P, Services & Utility Symposium New York To Be Webcast. Swift Energy Company’s (NYSE: SFY) President, Bruce H. Vincent, will discuss Swift Energy’s business and operations in a fireside chat with analysts Wednesday, December 8, 2010, at 8:00 a.m. EST which will be conducted via live audio webcast at the Wells Fargo Securities 9th Annual Pipeline, MLP and E&P, Services & Utility Symposium in New York, New York.
November 30, 2010 -- Press Release -- Houston, TX
Swift Energy Announces Completion of Common Stock Offering with Sale of Additional Shares Under Over-Allotment Option. Swift Energy Company announced that it has completed its public offering of shares of its common stock with the sale today to the underwriters of an additional 288,270 shares of Swift Energy common stock upon the underwriters’ partial exercise of their over-allotment option. When combined with the November 17th closing of the sale of 3,750,000 shares of common stock previously announced, Swift Energy issued 4,038,270 shares of its common stock through this offering at a public offering price of $36.60 per share. After deducting underwriters’ discounts, final net proceeds from the offering are approximately $140.4 million.
November 11, 2010 -- Press Release -- Houston, TX
Swift Energy Prices Upsized Public Offering of 3,750,000 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 3,000,000 shares to 3,750,000 shares, and priced the offering at $36.60 per share. The Company has granted the underwriters an option exercisable for a period of 30 days to purchase up to 562,500 additional shares of common stock to cover any over-allotments.
November 10, 2010 -- Press Release -- Houston, TX
Swift Energy Announces Public Offering of 3,000,000 Shares of Common Stock. Swift Energy Company announced today that it has commenced a public offering of 3,000,000 shares of its common stock. The net proceeds of this offering will be used to fund a portion of the Company’s 2011 capital budget, which includes an accelerated drilling program to increase production and reserves, primarily targeting its liquids rich acreage in the Eagle Ford shale and the Olmos sands in South Texas. The Company has granted the underwriters a 30-day option to purchase up to an additional 450,000 shares of common stock to cover over-allotments, if any.
November 10, 2010 -- Press Release -- Houston, TX
Swift Energy Announces Preliminary 2011 Capital Expenditure Plans, Operational Guidance and Accelerated Drilling Program. Swift Energy Company announced today its preliminary 2011 capital budget, which includes an accelerated drilling program to increase production and reserves, primarily targeting its liquids rich acreage in the Eagle Ford shale and the Olmos sands in South Texas. Based on this preliminary budget, guidance for 2011 will range as follows:
- Capital Expenditures of $430 million - $450 million
- Production Growth of 25% - 30 %
- Reserves Growth of 15% - 20%
November 4, 2010-- 2010 Form 10-Q for Third Quarter
Swift Energy's Form 10-Q for quarter ended September 30, 2010, is now available on this web site. Also available in PDF and XBRL. Amendment to Form 10-Q.
November 4, 2010 -- Press Release -- Houston, TX
Swift Energy
Announces: Third Quarter 2010 Earnings of $9.4 Million, or $0.24 Per Diluted
Share; Third Quarter 2010 Adjusted Cash Flow of $61.7 Million, or $1.62 Per
Diluted Share. Swift Energy Company (NYSE: SFY) announced today earnings of $9.4 million for the third quarter of 2010, or $0.24 per diluted share, a 24% increase when compared to earnings of $7.6 million, or $0.21 per diluted share, in the third quarter of 2009. Adjusted cash flow (cash flow before working capital changes, a non-GAAP measure - see page 7 of press release for reconciliation to the GAAP measure) for the third quarter 2010 increased 7% to $61.7 million, or $1.62 per diluted share, compared to $57.6 million, or $1.65 per diluted share, for the third quarter 2009. Swift Energy produced 2.07 million barrels of oil equivalent (“MMBoe”) during the third quarter of 2010, which is a 7% decrease compared to third quarter 2009 production of 2.22 MMBoe and a 2% increase from second quarter 2010 levels.
October 8, 2010 -- Press Release -- Houston, TX
Swift Energy Presentation at IPAA Oil & Gas Investment Symposium San Francisco To Be Webcast. Swift Energy Company’s (NYSE: SFY) President, Bruce H. Vincent, will give Swift Energy’s corporate presentation Tuesday, October 12, 2010, at 1:30 p.m. EDT to the investment community via live audio webcast at the IPAA Oil & Gas Investment Symposium (OGIS San Francisco) in San Francisco, California.
October 4, 2010 -- Press Release -- Houston, TX
Swift Energy Announces Its Third Quarter 2010 Earnings Release and Conference Call. Swift Energy Company (NYSE: SFY) will release its third quarter 2010 financial results on Thursday, November 4, 2010 by issuing a news release 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 digital replay of the call will also be available on November 4 until November 11, by dialing 706-645-9291 and using Conference ID # 14126229. 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 two weeks after the call.
September 23, 2010 -- Press Release -- Houston, TX
Swift Energy Announces Eagle Ford Shale Midstream Service Agreements and South Texas Drilling Rig Contract Extensions. Swift Energy Company announced today that it has entered into a long term agreement for natural gas gathering and treating services in South Texas with Meritage Midstream Services’ subsidiary, Eagle Ford Escondido Gathering. This agreement will involve the construction of a new pipeline to the Company’s Fasken operating area in Webb County, TX. Swift Energy will have up to 40 million cubic feet of gas per day of firm capacity on this new pipeline. The Company currently expects all required construction to be completed by December 1, 2010.
September 21, 2010 -- Press Release -- Houston, TX
Swift Energy
Renews and Extends Its Revolving Credit Facility. Swift Energy Company announced today that it has renewed and extended its Revolving Credit Facility with its nine-member bank group. The $500 million facility’s maturity has been extended to October 15, 2015, has an initial borrowing base set at $300 million and has a feature that allows the Company to increase the aggregate facility amount available up to $700 million with additional commitments from the lenders.
August 5, 2010-- 2010 Form 10-Q for Second Quarter
Swift Energy's Form 10-Q for quarter ended June 30, 2010, is now available on this web site. Also available in PDF format.
August 5, 2010 -- Press Release -- Houston, TX
Swift Energy
Announces: Second Quarter 2010 Earnings of $12.5 Million, or $0.32 Per Diluted
Share; Second Quarter 2010 Adjusted Cash Flow of $65.7 Million or $1.72 Per
Diluted Share. Swift Energy Company (NYSE: SFY) announced today earnings of $12.5 million for the second quarter of 2010, or $0.32 per diluted share, which compares to a net loss of $2.2 million, or $0.07 per diluted share, incurred in the second quarter of 2009. Adjusted cash flow (cash flow before working capital changes, a non-GAAP measure - see page 6 for reconciliation to the GAAP measure) for the second quarter 2010 increased 55% to $65.7 million, or $1.72 per diluted share, compared to $42.4 million, or $1.36 per diluted share, for the second quarter 2009. Swift Energy produced 2.03 million barrels of oil equivalent (“MMBoe”) during the second quarter of 2010, which is a 10% decrease compared to second quarter 2009 production of 2.26 MMBoe.
July 6, 2010 -- Press Release -- Houston, TX
Swift Energy Announces Its Second Quarter 2010 Earnings Release and Conference Call. Swift Energy Company will release its second quarter 2010 financial results on Thursday, August 5, 2010 by issuing a news release 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 digital replay of the call will also be available on August 5 until August 12, by dialing 706-645-9291 and using Conference ID # 84200434. 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 two weeks after the call.
June 8, 2010 -- Press Release -- Houston, TX
Swift Energy Presentation at IPAA Oil & Gas Investment Symposium London To Be Webcast. Swift Energy Company’s President, Bruce H. Vincent, will give Swift Energy’s corporate presentation Thursday, June 10, 2010, at 5:30 a.m. EDT to the investment community via live audio webcast at the IPAA Oil & Gas Investment Symposium (OGIS London) in London, England.
May 27, 2010 -- Press Release -- Houston, TX
Swift Energy Operations at Lake Washington Uninterrupted. Swift Energy Company (NYSE: SFY) announced today that it is monitoring events related to the Deepwater Horizon oil spill in the Gulf of Mexico in conjunction with local, state and federal authorities. There have been isolated reports of oil sheens along the Louisiana coast, in close proximity to the Company’s Lake Washington operations. The Lake Washington field is located in Barataria Bay approximately five miles north of the Louisiana coast and the barrier islands. The Company has yet to observe any impact from the oil spill that would require cessation of any drilling, completion or production activity in its Lake Washington field in Plaquemines Parish, Louisiana.
May 12, 2010 -- Press Release -- Houston, TX
Swift Energy
Announces Results of Annual Shareholder Meeting.Swift Energy Company announced today that Greg Matiuk 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 11, 2010.
May 6, 2010-- 2010 Form 10-Q for First Quarter
Swift Energy's Form 10-Q for quarter ended March 31, 2010, is now available on this web site. Also available in PDF format.
May 6, 2010 -- Press Release -- Houston, TX
Swift Energy
Announces: First Quarter 2010 Earnings of $14.2 Million, or $0.37 Per Diluted
Share; First Quarter 2010 Adjusted Cash Flow of $64.0 Million or $1.69 Per
Diluted Share. Swift Energy Company announced today earnings of $14.2 million for the first quarter of 2010, or $0.37 per diluted share, which compares to a net loss of $59.0 million, or $1.90 per diluted share, incurred in the first quarter of 2009 (due to a non-cash ceiling test write down). Adjusted cash flow (cash flow before working capital changes, a non-GAAP measure - see page 6 for reconciliation to the GAAP measure) for the first quarter 2010 increased 38% to $64.0 million, or $1.69 per diluted share, compared to $46.3 million, or $1.49 per diluted share, for the first quarter 2009. Swift Energy produced 2.04 million barrels of oil equivalent (“MMBoe”) during the first quarter of 2010, which is a 14% decrease compared to first quarter 2009 production of 2.37 MMBoe.
April 8, 2010 -- 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 12, 2010, at 10:00 a.m. EDT to the investment community via live audio webcast at the IPAA Oil & Gas Investment Symposium (OGIS) in New York, NY.
April 6, 2010 -- Press Release -- Houston, TX
Swift Energy Announces Its First Quarter 2010 Earnings Release and Conference Call. Swift Energy Company will release its first quarter 2010 financial results on Thursday, May 6, 2010 by issuing a news release 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 digital replay of the call will also be available on May 6 until May 13, by dialing 706-645-9291 and using Conference ID # 66143796. 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 two weeks after the call.
April 1, 2010 -- 2010 Proxy Statement
Swift Energy's 2010 Proxy Statement is now online. Also in PDF Format.
April 1, 2010 -- 2009 Annual Report
Swift Energy's 2009 Annual Report "30 Years of Seizing Opportunities," is now online. Also in PDF Format.
February 25, 2010 -- 2009 Form 10-K
Swift Energy's Form 10-K for period ended December 31, 2009, is now available on this web site. Also available in PDF format.
February 25, 2010 -- Analyst/Investor Meeting -- Houston, TX
Swift Energy hosted a meeting with financial analysts, portfolio managers and investors on February 25, 2010 in Houston, Texas. At this meeting, Swift Energy’s management provided an annual briefing that included an update on certain 2009 results and covered operational and financial plans and guidance for the full year 2010.
The meeting was held on Thursday, February 25, at the Hilton Houston North on Greenspoint Drive in Houston, Texas.
February 25, 2010 -- Press Release -- Houston, TX
Swift Energy
To Detail 2010 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 25, 2010, beginning at 8:00 a.m. Central Time at the Hilton Houston North on Greenspoint Drive in Houston, Texas. At this meeting, Swift Energy’s management will provide its annual briefing that will include an update on certain 2009 results and cover operational and financial plans and guidance for full year 2010. An audio webcast accompanied with the slides of the presentation will be available on the Company’s website www.swiftenergy.com by clicking on the event hyperlink commencing this afternoon.
February 18, 2010 -- Press Release -- Houston, TX
Swift Energy
Announces: Fourth Quarter 2009 Earnings of $14.6 Million, or $0.38 Per Diluted
Share; Fourth Quarter 2009 Adjusted Cash Flow of $78.9 Million or $2.10 Per
Diluted Share. Swift Energy Company announced today earnings for the fourth quarter of 2009 of $14.6 million, or
$0.38 per diluted share, which compares to a net loss incurred in the fourth
quarter of 2008 (due to a non-cash ceiling test write down).
Adjusted cash flow (cash flow before working capital changes, a non-GAAP measure
- see page 8 for reconciliation to the GAAP measure) for the fourth quarter of
2009 decreased to $78.9 million, or $2.10 per diluted share, compared to
adjusted cash flow of $85.3 million, or $2.76 per diluted share, for the fourth
quarter 2008.
January 18, 2010 -- 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 Tuesday, January 19, 2010, to the investment community via live audio webcast at the IPAA Oil & Gas Investment Symposium (OGIS) in Hollywood, FL.
January 15, 2010 -- Press Release -- Houston, TX
Swift Energy Announces Its Fourth Quarter and Year-End 2009 Earnings Call and 2010 Analyst/Investor Meeting. Swift Energy Company will report fourth quarter and year-end 2009 financial and operational results on Thursday, February 18, 2010 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 18 until February 24, by dialing 706-645-9291 and using Conference ID # 49633008. 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 two weeks after the call. |