SWIFT ENERGY COMPANY 2000 ANNUAL REPORT
Consolidated Balance Sheets
Swift Energy Company and Subsidiaries
December 31,
2000 1999
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ASSETS
Current Assets:
  Cash and cash equivalents $ 1,986,932 $ 22,685,648
   Accounts receivable --
      Oil and gas sales 26,939,472 15,634,019
      Associated limited partnerships and joint ventures 2,685,003 5,359,596
      Joint interest owners 7,181,974 5,550,048
   Other current assets 3,079,498 1,376,177
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         Total Current Assets 41,872,879 50,605,488
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Property and Equipment:
   Oil and gas, using full-cost accounting
      Proved properties  753,426,124 573,360,199
      Unproved properties 55,512,872 57,662,739
---------------------- ----------------------
808,938,996 631,022,938
   Furniture, fixtures and other equipment 8,873,266 7,778,571
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817,812,262 638,801,509
   Less--Accumulated depreciation, depletion,
       and amortization (290,725,112) (242,966,019)
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527,087,150 395,835,490
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Other Assets:
   Receivables from associated limited partnerships,
      net of current portion --- 628,228
   Deferred charges 3,426,972 7,230,208
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3,426,972 7,858,436
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$572,387,001 $ 454,299,414
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LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
   Accounts payable and accrued liabilities $ 54,977,397 $ 25,674,143
   Payable to associated limited partnerships 1,291,787 609,967
   Undistributed oil and gas revenues 8,055,587 7,785,975
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         Total Current Liabilities 64,324,771 34,070,085
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Long-Term Debt 134,729,485 239,068,423
Deferred Revenues --- 576,658
Deferred Income Taxes 41,178,590 10,180,131
Commitments and Contingencies
Stockholders' Equity:
   Preferred stock, $.01 par value, 5,000,000 shares authorized,
      none outstanding --- ---
   Common stock, $.01 par value, 35,000,000 shares authorized,
      25,452,148 and 21,683,185 shares issued, and 24,608,344 and
      20,823,729 shares outstanding, respectively 254,521 216,832
   Additional paid-in capital 293,396,723 191,092,851
   Treasury stock held, at cost, 843,804 and 859,456 shares, respectively (12,101,199) (12,325,668)
   Retained earnings (deficit) 50,604,110 (8,579,898)
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332,154,155 170,404,117
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$ 572,387,001 $ 454,299,414
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