|
A
separator at the Temple A-27 #1 well in the Company’s Masters Creek
Area in Louisiana is shown at right.
The Masters Creek Area is one of Swift’s four core
areas of domestic operation, the others being the Brookeland Area in
East Texas, the Giddings Area along the Texas Gulf Coast, and the AWP
Olmos Area in South Texas. In 1999, these core areas accounted for 95%
of the Company’s year-end proved reserves and 93% of its production.
As Swift enters the 21st century, it has a solid
production base and significant exploration and development potential in
each of these core areas, as well as identified exploration prospects in
other regions of the United States. In addition, a recent discovery well
in New Zealand has opened up new exploration and development potential.
This annual report highlights all these areas and points out why Swift
Energy is in a strong position to achieve growth in shareholder value in
the year 2000 and beyond.
|
