Swift Energy Company: 1999 Form 10-K, Consolidated Balance Sheets

	December 31,

	1999	1998
	----------------------	----------------------
ASSETS

Current Assets:
Cash and cash equivalents	$ 22,685,648	$ 1,630,649
Accounts receivable --
Oil and gas sales	15,634,019	12,764,568
Associated limited partnerships and joint ventures	5,359,596	10,058,239
Joint interest owners	5,550,048	9,767,940
Other current assets	1,376,177	1,025,035
	----------------------	----------------------
Total Current Assets	50,605,488	35,246,431
	----------------------	----------------------
Property and Equipment:
Oil and gas, using full-cost accounting
Proved properties being amortized	573,360,199	497,296,068
Unproved properties not being amortized	57,662,739	56,041,886
	----------------------	----------------------
	631,022,938	553,337,954
Furniture, fixtures and other equipment	7,778,571	7,098,305
	----------------------	----------------------
	638,801,509	560,436,259
Less--Accumulated depreciation, depletion,
and amortization	(242,966,019)	(200,713,621)
	----------------------	----------------------
	395,835,490	359,722,638
	----------------------	----------------------
Other Assets:
Receivables from associated limited partnerships,
net of current portion	628,228	3,170,067
Limited partnership formation and marketing costs	—	917,189
Deferred income taxes	—	254,984
Deferred charges	7,230,208	4,333,958
	----------------------	----------------------
	7,858,436	8,676,198
	----------------------	----------------------
	$ 454,299,414	$ 403,645,267
	===========	===========

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:
Accounts payable and accrued liabilities	$ 25,674,143	$ 18,639,649
Payable to associated limited partnerships	609,967	380,692
Undistributed oil and gas revenues	7,785,975	12,394,713
	----------------------	----------------------
Total Current Liabilities	34,070,085	31,415,054
	----------------------	----------------------

Long-Term Debt	239,068,423	261,200,000
Deferred Revenues	576,658	1,667,574
Deferred Income Taxes	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,
21,683,185 and 16,972,517 shares issued, and 20,823,729 and
16,291,242 shares outstanding, respectively	216,832	169,725
Additional paid-in capital	191,092,851	148,901,270
Treasury stock held, at cost, 859,456 and 681,275 shares, respectively	(12,325,668)	(11,841,884)
Retained earnings (deficit)	(8,579,898)	(27,866,472)
	----------------------	----------------------
	170,404,117	109,362,639
	----------------------	----------------------
	$ 454,299,414	$ 403,645,267
	===========	===========

FORM 10-K FOR FISCAL YEAR ENDED DECEMBER 31, 1999

Consolidated Balance Sheets

Swift Energy Company and Subsidiaries

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