Swift Energy Company: 2000 Form 10-K, Consolidated Balance Sheets

	December 31,

	2000	1999
	----------------------	----------------------
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
	----------------------	----------------------
Total Current Assets	41,872,879	50,605,488
	----------------------	----------------------
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
	----------------------	----------------------
	817,812,262	638,801,509
Less--Accumulated depreciation, depletion,
and amortization	(290,725,112)	(242,966,019)
	----------------------	----------------------
	527,087,150	395,835,490
	----------------------	----------------------
Other Assets:
Receivables from associated limited partnerships,
net of current portion	---	628,228
Deferred charges	3,426,972	7,230,208
	----------------------	----------------------
	3,426,972	7,858,436
	----------------------	----------------------
	$572,387,001	$ 454,299,414
	=============	=============

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
	----------------------	----------------------
Total Current Liabilities	64,324,771	34,070,085
	----------------------	----------------------

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)
	----------------------	----------------------
	332,154,155	170,404,117
	----------------------	----------------------
	$ 572,387,001	$ 454,299,414
	=============	=============

FORM 10-K FOR FISCAL YEAR ENDED DECEMBER 31, 2000

Consolidated Balance Sheets

Swift Energy Company and Subsidiaries

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