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SWIFT ENERGY COMPANY SECOND-QUARTER AND FULL-YEAR 2001 GUIDANCE ESTIMATES

- In Thousands Except Per Production Unit Amounts -

 


Description

Guidance For
Second Quarter 2001

 

Guidance For
Full Year 2001

       

Production Volumes (Mcfe)

 

    Domestic

11,200 - 12,100   46,000-50,000
    New Zealand 300 - 500  1,500-2,000
    Total 11,500 - 12,600 47,500-52,000

    % Gas

58% - 60%   58% - 60%

Oil and Gas Production Costs/Mcfe  

$0.80 - $0.84  

$ 0.82 - $ 0.88

G&A/Mcfe

$0.15 - $0.16  

$ 0.14 - $ 0.16

Interest Expense/Mcfe

$0.26 - $0.28   

$ 0.23 - $ 0.25

DD&A/Mcfe

$1.23 - $1.27  

$ 1.20 - $ 1.27

Pricing:

     

    Henry Hub differential (per Mcf)

-$0.20   -    -$0.30   -$0.20    -    -$0.30

    WTI differential (per Bbl)

-$2.00   

-$2.25

       

Capital Expenditures

$40,000-$45,000  

$175,000-$185,000

Capitalized G&A

$2,200-$2,500   $8,700-$9,600

Capitalized Interest

$1,500-$1,600   $6,100-$6,300

Basic Weighted Average Shares

24,650- 24,800

 

24,700- 25,000

Diluted Computation:

     

    Weighted Average Shares

25,550- 25,800

 

25,600- 26,000

Effective Tax Rate

36%

 

36%

Deferred Tax Percentage

98%

 

98%

 



Quarterly Total Production Guidance for 2001 (in Bcfe):

 

Second Quarter 11.5   -- 12.6
Third Quarter    12.5   -- 14.0
Fourth Quarter   13.2   -- 15.1
---------------
Total 2001   47.5  --  52.0

 


 
Additional Information:

 


This page was last updated on Saturday, February 08, 2003, at 07:21:41 PM.

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