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A Profile of Swift Energy
Company: Swift Energy is an independent oil and natural gas company engaged in the
exploration, development, acquisition, and operation of oil and gas properties, with a
focus on U.S. onshore natural gas reserves. |
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Sustained Growth Through Strategic
Management: Over the last five years, Swift has sustained an annual compounded
growth rate in proved reserves of approximately 44% per year, largely because its
management team has repeatedly taken advantage of growth opportunities created by evolving
industry trends. |
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Advanced Technologies for Exploration
& Development: The information revolution is making increasingly powerful
technologies available to independent producers. Swift has adapted advances in geological
and geophysical analyses to improve drilling success rates and lower drilling costs. |
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Growth in United States Tight Sands
Production: Technological innovations have turned natural gas production from
tight sands into a growing domestic opportunity. In 1997, the Company’s long-term
expertise in tight sands led to 137 successful development wells and one successful
exploratory well in South Texas. |
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The Emergence of Horizontal Drilling:
The advent of durable down-hole motors and measurement-while-drilling tools has helped
create new domestic opportunities based upon horizontal drilling. In 1997, Swift
participated in 22 horizontal wells in the Texas Austin Chalk with a success rate of 82%. |
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The Global Growth of Natural Gas
Consumption: Because the demand for natural gas is growing faster than the demand
for any other fossil fuel, Swift continues to emphasize natural gas opportunities. As part
of this strategy, the Company is currently pursuing several international initiatives. |
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Strategies for Achieving Financial
Flexibility: The deregulation of the natural gas industry has led to increasing
volatility in natural gas prices at the wellhead. Swift has achieved a competitive
advantage by developing the financial and organizational flexibility needed to prosper in
this dynamic environment. |
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Financial, Operating, & Investor
Highlights |
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Board of Directors |
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Financial Report |
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Form 10-K Excerpts |
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Investor Information |
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Common Stock, 1997 and 1996 |
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Front Cover |
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Back Cover |
