Previous Section Next Section Table of Contents Financials Other Related Menus
10Q Filings 10K Filings SEC Filings 1999 Annual Report FORM 10-K FOR FISCAL YEAR ENDED DECEMBER 31, 1999
7. Related-Party Transactions
We are the operator of a substantial number of properties owned by our affiliated limited partnerships and joint ventures and, accordingly, charge these entities and third-party joint interest owners operating fees. We are also reimbursed for direct, administrative, and overhead costs incurred in conducting the business of the limited partnerships, which totaled approximately $4,000,000, $5,000,000, and $6,300,000 in 1999, 1998, and 1997, respectively. We were also reimbursed by the limited partnerships and joint ventures for costs incurred in the screening, evaluation, and acquisition of producing oil and gas properties on their behalf. Such costs totaled approximately $490,000 in 1997. With the acquisitions made in 1997, we have fulfilled our responsibility of acquiring properties for such partnerships, as those partnerships are fully invested in properties. In the case where the limited partners voted to sell their remaining properties and liquidate their limited partnerships, we were also reimbursed for direct, administrative, and overhead costs incurred in the disposition of such properties, which costs totaled approximately $850,000, $580,000, and $675,000 in 1999, 1998, and 1997, respectively.
This page was last updated on Saturday, February 08, 2003 , at 07:46:31 PM .
Copyright © 1994-2008 by Swift Energy Company.
Click here to go to our home page or search page.
Please note the terms of use for the Swift Energy web site.
If you have comments or questions, see our feedback or requests pages.
Contact Swift Energy Company Stockholder Relations through e-mail info@swiftenergy.com or telephone (281) 874-2700.
