December 2, 2008 -- Press Release -- Houston, TXSwift Energy Presentation at Upcoming Investor Conferences To Be Webcast. Swift Energy Company’s Executive Vice President and CFO, Alton Heckaman, will give Swift Energy’s corporate presentation Wednesday, December 3, at 9:15 a.m. EST via live audio webcast at Friedman Billings Ramsey’s 2008 Fall Investor Conference (see slide presentation) in New York, NY and Thursday, December 4, 2008, at 9:25 a.m. EST via live audio webcast at the NYSE Euronext and WJB Capital Group Growth Conference in Boston, MA. November 7, 2008 -- 2008 Form 10-Q for Third QuarterSwift Energy's Form 10-Q for the period ended September 30, 2008, is now available on this web site. Also available in PDF format. November 6, 2008 -- Press Release -- Houston, TXSWIFT ENERGY ANNOUNCES THIRD QUARTER 2008 RESULTS: 45% Increase in Earnings from Continuing Operations to $62.3 Million, or $1.98 per Diluted Share; and 23% Increase in Adjusted Cash Flow* from Continuing Operations to $154.0 Million, or $4.90 per Diluted Share. Swift Energy Company (NYSE: SFY) announced today that its income from continuing operations for the third quarter of 2008 increased 45% to $62.3 million, or $1.98 per diluted share, compared to $42.9 million, or $1.40 per diluted share of income from continuing operations earned in the third quarter of 2007. Adjusted cash flow from continuing operations (*cash flow before working capital changes, a non-GAAP measure - see page 6 for reconciliation to the GAAP measure) for the third quarter of 2008 increased 23% to $154.0 million, or $4.90 per diluted share, compared to $125.3 million of adjusted cash flow, or $4.08 per diluted share, for the same period of 2007. Swift Energy produced 2.32 million barrels of oil equivalent (“MMBoe”) from continuing operations during the third quarter of 2008, which is a 14% decrease when compared to third quarter 2007 production of 2.70 MMBoe from continuing operations. Approximately 0.52 MMBoe were shut-in during the just-completed quarter due to Hurricanes Gustav and Ike. The Company estimates that including this shut-in production with the production realized during the third quarter of 2008 would have resulted in a 5% production increase over third quarter production levels a year earlier. October 9, 2008 -- Press Release -- Houston, TXSwift Energy Schedules Third Quarter 2008 Earnings Release and Conference Call. Swift Energy Company will release its third quarter 2008 financial results on Thursday, November 6, 2008, before the market opens and conduct a conference call to discuss such results on that date at 9:00 a.m. CST. To participate in this conference call, dial 973-339-3086 five to ten minutes before the scheduled start time and indicate your intention to participate in the Swift Energy conference call. A delayed digital replay of the call will also be available November 6 through November 16, by dialing 706-645-9291 and using pin #67562152. Additionally, the conference call will be available over the internet by accessing the Company’s website at www.swiftenergy.com and by clicking on the event hyperlink. This webcast will be available online and archived at the Company’s website for approximately two weeks after the call. October 3, 2008 -- Press Release -- Houston, TXSwift Energy Presentation at IPAA Oil & Gas Investment Symposium To Be Webcast. Swift Energy Company’s President, Bruce H. Vincent, gave Swift Energy’s corporate presentation Monday, October 6, 2008, to the investment community via live audio webcast at the IPAA Oil & Gas Investment Symposium in San Francisco, CA. (See slide presentation.) October 1, 2008 -- Press Release -- Houston, TXSwift Energy Restarts Louisiana Production Following Recent Hurricanes. Swift Energy Company announced today that production in its Lake Washington field, located in Plaquemines Parish, LA., has been restored to approximately 85% of pre-storm levels and is expected to reach pre-storm production levels later this week. All operated production has been restored in the Horseshoe Bayou, Bayou Sale, Cote Blanche Island, Jeanerette, South Bearhead Creek, Brookeland and Masters Creek fields. High Island and some non-operated production remain shut in waiting on minor repairs and/or certain third party services but are expected to be restored within the next few weeks. September 23, 2008 -- Press Release -- Houston, TXSwift Energy Donates $0.5 Million to Hurricane Disaster Relief. Swift Energy Company announced today that it will donate $0.5 million to the Gulf Coast Ike Relief Fund to provide assistance to those people and communities affected by the recent hurricane that hit the Gulf Coast region. September 18, 2008 -- Press Release -- Houston, TXSwift Energy Updates Operations Following Hurricane Ike. Swift Energy Company announced today it has begun the resumption of production operations at its various fields affected by Hurricanes Gustav and Ike including the Newport area of Lake Washington where crews are working to bring field wide production online. Drilling operations will resume in Lake Washington and the surrounding area once contracted drilling rigs can navigate their return to the field. September 17, 2008 -- Press Release -- Houston, TXSwift Energy Closes South Texas Acquisition. Swift Energy Company closed the previously announced acquisition of property interests from Crimson Energy Partners, L.P., a privately held company with an effective date of May 1, 2008. The interests in Crimson’s Briscoe “A” lease and wells are located in Dimmit County, TX on 5,140 acres adjacent to existing Swift Energy production in its Cotulla area. Production is approximately 90% natural gas and natural gas liquids and averaged approximately 3.7 million cubic feet equivalent (“MMcfe”) per day net to the purchased working interests for the first seven months of 2008. September 5, 2008 -- Press Release -- Houston, TXSwift Energy Updates Operational Progress Following Hurricane Gustav. Swift Energy Company announced today the status of initial physical assessments of its coastal Louisiana properties, including the Lake Washington Field in Plaquemines Parish, Bay de Chene Field in Jefferson and Lafourche Parishes, and Horseshoe Bayou, Bayou Sale and Cote Blanche Island Fields, in St. Mary Parish. Based on visual inspection conducted by airplane fly-over on Wednesday, September 3, the Company reported that the facilities and infrastructure in all fields are still in place. September 2, 2008 -- Press Release -- Houston, TXSwift Energy Reports on Current Impact from Hurricane Gustav. Swift Energy Company reported that an initial airplane fly-over of our coastal Louisiana properties is currently being coordinated to assess the impact of Hurricane Gustav. As previously announced on Thursday, Swift Energy began implementing standard shut-down procedures in its coastal Louisiana properties due to weather risks from then approaching Tropical Storm Gustav. With the subsequent strengthening and path of the storm, Swift Energy shut in all fields in its South Louisiana area, moved all drilling rigs to safe harbor, and all personnel were safely evacuated by early afternoon on Sunday, August 31. August 29, 2008 -- Press Release -- Houston, TXSwift Energy Prepares for Tropical Storm Gustav. Swift Energy Company announced that yesterday it began implementing standard shut-down procedures in its coastal Louisiana properties including the Lake Washington Field in Plaquemines Parish, Bay de Chene Field in Jefferson and Lafourche Parishes, and Horseshoe Bayou Field, Bayou Sale Field and Cote Blanche Island Field, in St. Mary’s Parish, due to the risk of adverse weather conditions currently anticipated from approaching Tropical Storm Gustav. All nonessential personnel and equipment are being evacuated from these fields. Preparations are being made to quickly evacuate all remaining employees and contract personnel and shut down all operational activities in these areas if the Company’s crisis management procedures are activated. August 28, 2008 -- Press Release -- Houston, TXSwift Energy To Acquire South Texas Properties for $47 Million. Swift Energy Company announced today that it has signed an agreement to purchase from Crimson Energy Partners, L.P., a privately held company, oil and natural gas interests in Dimmit County in South Texas for $47 million. The interests in Crimson’s Briscoe “A” lease and wells are located on 5,140 acres adjacent to existing Swift Energy production in its Cotulla area. The acquisition is expected to close within 30 days, with an effective date of May 1, 2008. The total acquisition purchase price is subject to typical post-closing adjustments. August 7, 2007 -- 2008 Form 10-Q for Second QuarterSwift Energy's Form 10-Q for the period ended June 30, 2008, is now available on this web site. Also in PDF format. August 7, 2008 -- Press Release -- Houston, TXSWIFT ENERGY ANNOUNCES SECOND QUARTER 2008 RESULTS: 173% Increase in Earnings from Continuing Operations to a Record $83.2 Million, or $2.66 per Diluted Share; and 71% Increase in Adjusted Cash Flow* from Continuing Operations to $184.4 Million, or $5.88 per Diluted Share. Swift Energy Company (NYSE: SFY) announced today that its income from continuing operations for the second quarter of 2008 increased 173% to a record $83.2 million, or $2.66 per diluted share, compared to $30.5 million, or $1.00 per diluted share of income from continuing operations earned in the second quarter of 2007. Adjusted cash flow from continuing operations (*cash flow before working capital changes, a non-GAAP measure - see page 6 for reconciliation to the GAAP measure) for the second quarter of 2008 increased 71% to a record $184.4 million, or $5.88 per diluted share, compared to $107.8 million of adjusted cash flow, or $3.52 per diluted share, for the same period of 2007. Swift Energy produced 2.69 million barrels of oil equivalent (“MMBoe”) from continuing operations during the second quarter of 2008, which is a 4% increase when compared to second quarter 2007 production of 2.59 MMBoe from continuing operations. July 7, 2008 -- Press Release -- Houston, TXSwift Energy Schedules Second Quarter 2008 Earnings Release and Conference Call. Swift Energy Company will release its second quarter 2008 financial results on Thursday, August 7, 2008, before the market opens and conduct a conference call to discuss such results on that date at 9:00 a.m. CDT. To participate in this conference call, dial 973-339-3086 five to ten minutes before the scheduled start time and indicate your intention to participate in the Swift Energy conference call. A delayed digital replay of the call will also be available August 7 through August 14, by dialing 706-645-9291 and using pin #52522627. Additionally, the conference call will be available over the internet by accessing the Company’s website at www.swiftenergy.com and by clicking on the event hyperlink. This webcast will be available online and archived at the Company’s website for approximately two weeks after the call. June 13, 2008 -- Press Release -- Houston, TXSwift Energy Closes New Zealand Sale. Swift Energy Company closed the previously announced disposition of certain of Swift Energy’s New Zealand assets with subsidiaries of Origin Energy Limited (“Origin Energy”) effective as of December 1, 2007, representing the major portion of the New Zealand assets held by Swift Energy subsidiaries. The final sales price of the property interests, which were sold, was $82.7 million and is subject to post closing adjustments. These proceeds will be utilized to pay down a portion of the outstanding balance on the Company’s bank line. The close of the previously announced sale of Swift Energy Company’s remaining New Zealand assets is expected to occur in the next several months. June 2, 2008 -- Press Release -- Houston, TXSwift Energy Presentation at IPAA Oil & Gas Investment Symposium To Be Webcast. Swift Energy Company’s President, Bruce H. Vincent, will give Swift Energy’s corporate presentation Tuesday, June 3, 2008, at 5:30 a.m. EDT to the investment community via live audio webcast at the IPAA Oil & Gas Investment Symposium in London, England. (See slide presentation.) May 21, 2008 -- Press Release -- Houston, TXSwift Energy Presentation at Sixth Annual Louisiana Energy Conference To Be Webcast. Swift Energy Company’s Vice President of Operating Compliance & External Relations, Thomas E. Schmidt, will give Swift Energy’s corporate presentation Thursday, May 22, 2008, at 8:30 a.m. CDT to the investment community via live audio webcast at the Louisiana Energy Conference in New Orleans, LA. May 14, 2008 -- Press Release -- Houston, TXSwift Energy Announces Results of Annual Shareholder Meeting. Swift Energy Company announced today that Deanna L. Cannon, Douglas J. Lanier and Bruce H. Vincent were re-elected to serve three-year terms on Swift Energy Company’s Board of Directors at its annual meeting of shareholders held Tuesday, May 13, 2008. Additional proposals also approved by Swift Energy shareholders at the meeting were amending the Swift Energy Company 2005 Stock Compensation Plan to increase the number of shares of the Company’s common stock available for awards under the plan, amending the Employee Stock Purchase Plan to increase the number of shares of the Company’s common stock to be issued under the plan and ratifying Ernst & Young, LLP as Swift Energy’s independent auditor. May 8, 2007 -- 2008 Form 10-Q for First QuarterSwift Energy's Form 10-Q for the period ended March 31, 2008, is now available on this web site. Also in PDF format. May 8, 2008 -- Press Release -- Houston, TXSWIFT ENERGY ANNOUNCES FIRST QUARTER 2008 RESULTS: 88% Increase in Earnings from Continuing Operations to $49.8 Million, or $1.61 per Diluted Share; 62% Increase in Cash Flow from Continuing Operations to $136.3 Million, or $4.41 per Diluted Share. Swift Energy Company announced today that its income from continuing operations for the first quarter of 2008 increased 88% to $49.8 million, or $1.61 per diluted share, compared to $26.4 million of income from continuing operations earned in the first quarter of 2007, or $0.87 per diluted share. Adjusted cash flow from continuing operations (*cash flow before working capital changes, a non-GAAP measure - see page 6 for reconciliation to the GAAP measure) for the first quarter of 2008 increased 62% to $136.3 million, or $4.41 per diluted share, compared to $84.2 million of adjusted cash flow, or $2.76 per diluted share, for the same period of 2007 Swift Energy produced 2.57 million barrels of oil equivalent (“MMBoe”) from continuing operations (domestically) during the first quarter of 2008, which is a 1% increase compared to first quarter 2007 production of 2.53 MMBoe from continuing operations. May 6, 2008 -- Press Release -- Houston, TXSwift Energy Agrees to Sale of Remaining New Zealand Assets. Swift Energy Company announced today that one of its subsidiaries, Swift Energy New Zealand, has agreed to sell the remaining portion of its assets to an undisclosed party for $15 million, which will be paid over 30 months after closing the transaction. The future payments are secured by unconditional letters of credit. Upon closing, a non-cash gain of approximately $12.8 million will be recorded, which represents the present value of these payments net of approximately $0.5 million of book value. The transaction is subject to certain New Zealand government approvals and is expected to close within the next few months. April 16, 2008 -- Press Release -- Houston, TXSwift Energy Schedules First Quarter 2008 Earnings Release and Conference Call. Swift Energy Company will release its first quarter 2008 financial results on Thursday, May 8, 2008, before the market opens and conduct a conference call to discuss such results on that date at 9:00 a.m. CDT. To participate in this conference call, dial 973-339-3086 five to ten minutes before the scheduled start time and indicate your intention to participate in the Swift Energy conference call. A delayed digital replay of the call will also be available May 8 through May 15, by dialing 706-645-9291 and using pin #39919102. Additionally, the conference call will be available over the internet by accessing the Company’s website at www.swiftenergy.com and by clicking on the event hyperlink. This webcast will be available online and archived at the Company’s website for approximately two weeks after the call. April 11, 2008 -- 2008 Proxy StatementSwift Energy's Proxy Statement for the 2008 annual meeting of shareholders is now online. Also in PDF format. April 4, 2008 -- Press Release -- Houston, TXSwift Energy Presentation at IPAA Oil & Gas Investment Symposium To Be Webcast. Swift Energy Company’s President & Secretary, Bruce H. Vincent, will give Swift Energy’s corporate presentation Monday, April 7, 2008, at 12:05 p.m. EDT to the investment community via live audio webcast at the IPAA Oil & Gas Investment Symposium in New York, NY. March 11, 2008 -- Press Release -- Houston, TXSwift Energy Executes Marketing Agreement for Bay de Chene Field. Swift Energy Company announced today that it has signed an agreement with a subsidiary of Enbridge Energy Partners to purchase up to 15 million cubic feet (“MMcf”) per day of natural gas out of Swift Energy’s Bay de Chene Field with an option for take away capacity up to 25 MMcf per day. This capacity is expected to be available by the end of the second quarter 2008. March 11, 2008 -- Press Release -- Houston, TXSwift Energy Presentation at Dahlman Rose 2008 Energy Supply Chain Conference To Be Webcast. Swift Energy Company’s Executive Vice President and CFO, Alton Heckaman, will give Swift Energy’s corporate presentation Wednesday, March 12, at 1:00 p.m. EDT to the investment community via live audio webcast at the Dahlman Rose 2008 Energy Supply Chain Conference in New York, NY. February 29, 2008 -- 2007 Form 10-KSwift Energy's Form 10-K for the period ending December 31, 2007, is now available on this web site. Also available in PDF format. February 22, 2008 -- Analyst/Investor Meeting -- Houston, TXSwift Energy hosted a meeting (which was webcast) with financial analysts, portfolio managers and investors on Wednesday, February 20, 2008, in Houston, Texas. The meeting began at 8:00 a.m. CST and was held at the Marriott Woodlands Waterway Hotel and Convention Center on Lake Robbins Drive in The Woodlands, Texas. Click here to see the slide presentation. February 14, 2008 -- Press Release -- Houston, TXSWIFT ENERGY ANNOUNCES 2007 RESULTS: 2007 Income from Continuing Operations of $152.6 Million, or $4.98/Share; 2007 Production from Continuing Operations Increases 12% to 10.6 MMBoe; and 2007 Fourth Quarter Earnings from Continuing Operations of $52.7 Million, or $1.71/Share. Swift Energy Company announced today income from continuing operations for 2007 of $152.6 million, or $4.98 per diluted share, a 1% increase compared to $151.1 million of income from continuing operations for 2006, or $5.03 per diluted share. Due to the execution in December 2007 of a definitive sales agreement for the largest portion of Swift’s New Zealand operations, in the fourth quarter Swift Energy is recording a $131 million loss from discontinued operations, net of taxes, resulting in net income for the year of $21.3 million. Accordingly, the revenue, expense, cash flow and income information reported for the fourth quarter and full-year 2007 are the results of continuing operations of Swift Energy, most of which are predominately domestic operations. February 14, 2008 -- Press Release -- Houston, TXSwift Energy Announces New Executive Appointments. Swift Energy Company announced today that Robert J. Banks has been appointed Executive Vice President and Chief Operating Officer of Swift Energy Company effective immediately. After 20 years of service with Swift, Mr. Joe D’Amico, who has served as Chief Operating Officer since 2000, has notified the Company of his intent to retire in May 2008. Mr. D’Amico will continue to serve as an Executive Vice President until his retirement date to ensure an orderly transition. Additionally, Swift Energy announced that John C. Branca has been appointed Vice President – Exploration & Development effective immediately. February 6, 2008 -- Press Release -- Houston, TXSwift Energy Announces: 2007 Record Reserves and Production and Non-Cash Charge on New Zealand Discontinued Operations. Swift Energy Company announced today that its year-end 2007 reserves total a record 150.1 million barrels of oil equivalent (“MMboe”) (900.7 Billion cubic feet equivalent of natural gas (“Bcfe”)), an increase of 10 percent over year-end 2006 levels. Swift Energy’s 2007 total production increased to 12.0 MMboe (72.0 Bcfe), also a record, and a 3% increase over 2006 levels, with approximately 10.6 MMboe (63.7 Bcfe) produced domestically and 1.4 MMboe (8.3 Bcfe) produced in New Zealand. The Company also announced today that given the pending sale of its New Zealand assets its New Zealand activities are being accounted for as “discontinued operations” in 2007. As announced in mid-December, Swift Energy executed definitive agreements to sell certain of Swift Energy’s New Zealand assets for a minimum of $87.8 million effective December 1, 2007, representing the major portion of its assets there. This sale is anticipated to close before March 31, 2008. This asset sale will result in a non-cash charge of $131 million charge (net of tax-effects) in the fourth quarter of 2007, based on the difference between the recorded value of these New Zealand assets and the expected sales proceeds from their sale. As previously announced, Swift Energy expects to realize total cash proceeds of between $100 and $110 million from the sale of all of its New Zealand assets and any additional proceeds beyond this initial $87.8 million will be reflected as a gain from discontinued operations upon the execution of definitive agreements, anticipated to be in place later this year. All future corporate results will be of Swift Energy’s continuing domestic operations, and New Zealand results will be reclassified into discontinued operations for all periods presented. January 22, 2008 -- Press Release -- Houston, TXSwift Energy Announces Its Fourth Quarter and Year-End 2007 Earnings Call and 2008 Analyst/Investor Meeting. Swift Energy Company (NYSE: SFY) will report fourth quarter and year-end 2007 financial and operational results on Thursday, February 14, 2008 by issuing a news release before the market opens and conducting a conference call on that date at 9:00 a.m. CST. To participate in this conference call, dial 973-339-3086 five to ten minutes before the scheduled start time and indicate your intention to participate in the Swift Energy conference call. A digital replay of the call will be available later on February 14 until February 21, by dialing 706-645-9291 and using Conference ID # 28536832. Additionally, the conference call will be available over the internet by accessing the Company’s website at www.swiftenergy.com and by clicking on the event hyperlink. This webcast will be available online and archived at the Company’s website for approximately 30 days. Swift Energy will host its annual meeting with financial analysts, portfolio managers and investors on February 20, 2008 in the Houston area. At this meeting, Swift Energy’s management will provide a briefing on operational and financial results for 2007 as well as plans and guidance for first quarter and full year 2008. An audio webcast accompanied with the slides of the analyst presentation will be available on the Company’s website www.swiftenergy.com by clicking on the event hyperlink commencing on February 20, 2008. December 19, 2007 -- Press Release -- Houston, TXSwift Energy Completes Strategic Review and Executes Agreements To Sell Major Portion of New Zealand Assets. Swift Energy Company announced today that it has executed definitive agreements with certain subsidiaries of Origin Energy Limited (“Origin Energy”) to sell certain of Swift Energy’s New Zealand assets for a minimum of $87.8 million effective December 1, 2007, representing the major portion of the assets held. Additional agreements for the sale of the remainder of Swift Energy’s New Zealand assets are being negotiated and are anticipated to be in place in early 2008. November 26, 2007 -- Press Release -- Houston, TXSwift Energy Presentation at Friedman Billings Ramsey 2007 Investor Conference To Be Webcast. Swift Energy Company’s (NYSE: SFY) Vice President of Operating Compliance & External Relations, Thomas Schmidt, will give Swift Energy’s corporate presentation Wednesday, November 28, at 1:20 p.m. EST to the investment community via live audio webcast at Freidman Billings Ramsey’s 2007 Investor Conference in New York, NY. (See slide presentation in PDF format.) November 2, 2007 -- 2007 Form 10-Q for Third QuarterSwift Energy's Form 10-Q for the period ended September 30, 2007, is now available on this web site. Also available in PDF format. November 1, 2007 -- Press Release -- Houston, TXSwift Energy Announces Third Quarter Results: Earnings of $42.3 Million ($1.38/Share); and Cash Flow of $129.0 Million, or $4.20 per Diluted Share. Swift Energy Company announced today net income of $42.3 million in the third quarter of 2007, or $1.38 per diluted share, a 17% decrease compared to $50.8 million in net income, or $1.68 per diluted share, earned in the third quarter of 2006. Adjusted cash flow from operations (cash flow before working capital changes, a non-GAAP measure - see page 6 for reconciliation to net cash provided by operating activities of $134.3 million) increased 4% to $129.0 million, or $4.20 per diluted share, compared to $123.9 million, or $4.10 per diluted share, of adjusted cash flow for the third quarter of 2006. Production decreased 3% for the third quarter of 2007 to 18.2 billion cubic feet equivalent (“Bcfe”) from the record 18.8 Bcfe produced in the third quarter of 2006 and increased 2% sequentially from the 17.8 Bcfe produced in the second quarter of 2007. Third quarter 2007 production included record domestic production of 16.2 Bcfe, a 7% increase, and 1.9 Bcfe produced in New Zealand, a 45% decrease, in both cases when compared to production in the same period in 2006. October 12, 2007 -- Press Release -- Houston, TXSwift Energy Closes South Texas Acquisition. Swift Energy Company closed the previously announced acquisition of property interests from Escondido Resources, LP, a privately held company with an effective date of July 1, 2007. These South Texas properties are located on an aggregate 82,900 acres in the Sun TSH area in La Salle County, the Briscoe Ranch area primarily in Dimmit County, and the Las Tiendas area in Webb County. During the second quarter of 2007 these properties produced approximately 21 MMcfe per day, and production is approximately 85% natural gas and natural gas liquids. October 1, 2007 -- Press Release -- Houston, TXSwift Energy Schedules Third Quarter 2007 Earnings Release and Conference Call. Swift Energy Company will release its third quarter 2007 financial and operational results on Thursday, November 1, 2007, before the market opens and conduct a conference call to discuss these results the same day at 9:00 a.m. CDT. To participate in this conference call, dial 973-339-3086 five to ten minutes before the scheduled start time and indicate your intention to participate in the Swift Energy conference call. A delayed digital replay of the call will be available on November 1 through November 8, by dialing 973-341-3080 and using pin #9246093. Additionally, a webcast of the conference call will be available over the internet by accessing the Company’s website at www.swiftenergy.com and by clicking on the event hyperlink. This webcast will be available online and archived at the Company’s website for approximately two weeks after the call. September 28, 2007 -- Press Release -- Houston, TXSwift Energy Company Announces Upcoming Investor Presentations. Swift Energy Company management will present at the following upcoming investor conferences, beginning with the Oil & Gas Investment Symposium, hosted by IPAA, on Monday, October 1, at 2:20 p.m. (EDT) in San Francisco, CA. Swift Energy management will also be presenting at Deutsche Bank’s 2007 Leveraged Finance Conference on Thursday, October 4, at 11:55 a.m. (EDT) in Scottsdale, AZ and at Natixis Bleichroeder’s Hidden Gems Conference on Tuesday, October 9, at 9:30 a.m. (EDT) in New York, NY. (See slide presentation from the Oil & Gas Investment Symposium as well as slide presentation from Natixis Bleichroeder’s Hidden Gems Conference both in PDF format.) September 5, 2007 -- Press Release -- Houston, TXSwift Energy To Acquire South Texas Properties for $245 Million. Swift Energy Company announced today that it has signed an agreement to purchase from Escondido Resources, LP, a privately held EnCap Investments, LP financed company, interests in three South Texas properties in the Maverick Basin for $245 million. These properties are located on an aggregate 82,900 acres in the Sun TSH area in La Salle County, the Briscoe Ranch area primarily in Dimmit County, and the Las Tiendas area in Webb County. This acquisition is expected to close within 75 days, with an effective date of July 1, 2007. The total acquisition purchase price is subject to typical post-closing adjustments. Swift Energy currently estimates that total reserves of the purchased properties are approximately 77 billion cubic feet equivalent (Bcfe) of proved reserves and 46 Bcfe of probable reserves. Approximately 70% of the proved reserves are classified proved developed. Future development costs of both the proved undeveloped and probable reserves are estimated to be approximately $157.3 million for an all-in acquisition cost of $3.20 per Mcfe of proved and probable reserves (excluding the $8.9 million allocated to the 59,370 undeveloped acres acquired). Production is approximately 85% natural gas and natural gas liquids and averaged approximately 21 million cubic feet equivalent (MMcfe) per day net to the purchased working interests during the second quarter of 2007. Pursuant to the terms of the agreement, Swift Energy will acquire nearly 100% working interest in all of Escondidio’s operated wells in the fields. Escondido Resources, LP's advisors were Simmons & Company International and Griffis & Associates, LLC. The purchase price will be funded primarily with bank borrowings under the Company’s bank credit facility, with the nature of permanent funding dependent upon numerous factors, including the ultimate outcome of the strategic review of the New Zealand operations. September 5, 2007 -- Press Release -- Houston, TXSwift Energy Presentation at Lehman Brothers CEO Energy/Power Conference To Be Webcast. Swift Energy Company’s Executive Vice President and CFO, Alton Heckaman will give Swift Energy’s corporate presentation Thursday, September 6, at 11:45 a.m. EDT to the investment community via live audio webcast at Lehman Brothers CEO Energy/Power Conference in New York, NY. (See slide presentation in PDF format.) August 8, 2007 -- Press Release -- Houston, TXSwift Energy Lake Washington Production Not Affected by Area Pipeline Disruption. Swift Energy Company reported today in response to investor inquiries that it has not experienced production interruption in its Lake Washington field in Plaquemines Parish, Louisiana, and production remains predominately unaffected by a recent upstream natural gas pipeline incident. Based upon current information Swift Energy does not expect any material change in this status. This pipeline event occurred on one of the pipeline systems in the area, which is not utilized by Swift Energy. The curtailment on the effected pipeline system did, however, cause increased line pressure on Swift Energy’s sales outlet at Lake Washington which caused a minor curtailment of approximately 250 barrels of oil equivalent (1%) of total Lake Washington production. This is expected to improve over the next several days. August 3, 2007 -- 2007 Form 10-Q for Second QuarterSwift Energy's Form 10-Q for the period ended June 30, 2007, is now available on this web site. Also available in PDF format. August 2, 2007 -- Press Release -- Houston, TXSwift Energy Announces Second Quarter Results: Earnings of $1.03 per Share After Debt Retirement Expense; Cash Flow* of $114 Million, or $3.72 per Diluted Share. Swift Energy Company reported today net income for the second quarter of 2007 of $31.5 million or $1.03 per diluted share, a 17% decrease compared to the same period in 2006. For purposes of period-to-period comparability, excluding the early debt retirement expenses of $12.8 million ($3.4 million of which was a non-cash charge), or $8.0 million or $0.26 per diluted share after-tax, net income would have increased 4% for the second quarter of 2007 to $39.5 million, or $1.29 per diluted share, compared to $38.2 million in net income, or $1.27 per diluted share, earned in the second quarter of 2006. (See reconciliation on page 4). Adjusted cash flow from operations (*cash flow before working capital changes, a non-GAAP measure - see page 6 for reconciliation to the GAAP measure) increased 14% to $114.0 million, or $3.72 per diluted share, compared to $100.2 million, or $3.34 per diluted share, for the second quarter of 2006. Net cash provided by operating activities increased 20% to $120.1 million ($3.92 per diluted share) from $99.9 million ($3.33 per diluted share) in the 2006 period. Production increased 9% for the second quarter of 2007 to 17.8 billion cubic feet equivalent (“Bcfe”) from the 16.3 Bcfe produced in the second quarter of 2006 and increased 1% sequentially from the 17.5 Bcfe produced in the first quarter of 2007. Second quarter 2007 production included domestic production of 15.5 Bcfe, a 19% increase, and 2.2 Bcfe of production in New Zealand, a 30% decrease, in both cases when compared to production in the same period in 2006. July 10, 2007 -- Press Release -- Houston, TXSwift Energy Presentation at IPAA Oil & Gas Investment Symposium To Be Webcast. Swift Energy Company’s (NYSE: SFY) President, Bruce H. Vincent, will give Swift Energy’s corporate presentation Wednesday, July 11, at 6:15 a.m. EDT to the investment community via live audio webcast at the IPAA Oil & Gas Investment Symposium in London, England. July 10, 2007 -- Press Release -- Houston, TXSwift Energy Schedules Second Quarter 2007 Earnings Release and Conference Call. Swift Energy Company will release its second quarter 2007 financial results on Thursday, August 2, 2007, before the market opens and conduct a conference call to discuss such results on that date at 9:00 a.m. CDT. To participate in this conference call, dial 973-339-3086 five to ten minutes before the scheduled start time and indicate your intention to participate in the Swift Energy conference call. A delayed digital replay of the call will also be available on August 2 through August 9, by dialing 973-341-3080 and using pin #8842168. Additionally, the conference call will be available over the internet by accessing the Company’s website at www.swiftenergy.com and by clicking on the event hyperlink. This webcast will be available online and archived at the Company’s website for approximately two weeks after the call. June 12, 2007 -- Press Release -- Houston, TXSwift Energy Hires Advisor for the Potential Sale of Its New Zealand Unit. Swift Energy Company (NYSE: SFY) reported today that it has retained Scotia Waterous (USA) Inc. as an advisor for the potential sale of some or all its New Zealand assets owned and operated by Swift Energy New Zealand, Ltd. (“SENZ”). Following the review of Swift Energy’s alternatives, the course of action Swift Energy deems in the best interest of the Company and its stakeholders will be taken, including an outright sale or merger of some or all of the SENZ’s properties and facilities, entry into joint ventures or the reshaping of long-term operational strategy in New Zealand. June 11, 2007 -- Press Release -- Houston, TXSwift Energy To Present at the Morgan Stanley Small Cap Executive Conference. Swift Energy Company’s Director of Corporate Development and Investor Relations, Scott Espenshade, will present Swift Energy’s corporate presentation Tuesday, June 12, at 12:30 p.m. EDT to the investment community at the Morgan Stanley Small Cap Executive Conference in New York City. (See presentation.) June 5, 2007 -- Press Release -- Houston, TXSwift Energy To Present at the RBC Capital Markets Energy Conference. Swift Energy Company’s Executive Vice President and CFO, Alton Heckaman, will present Swift Energy’s corporate presentation Wednesday, June 6, at 9:40 a.m. EDT to the investment community at the RBC Capital Markets Energy Conference in New York City. (See presentation.) May 17, 2007 -- Press Release -- Houston, TXSwift Energy Prices $250 Million Senior Notes Offering and Calls $200 Million of Outstanding 9 3/8% Senior Subordinated Notes. Swift Energy Company today announced that it has priced its public offering of $250 million of Senior Notes due 2017 at par, with a coupon of 7.125%. The offering of the Senior Notes is expected to close on June 1, 2007, subject to normal closing conditions. The new Senior Notes received ratings of BB- from Standard & Poor’s and B1 from Moody’s. Swift Energy also announced that today it has called for redemption all of its $200 million outstanding 9-3/8% Senior Subordinated Notes due 2012 (CUSIP #870738AD3), in accordance with the terms of those notes. May 16, 2007 -- Press Release -- Houston, TXSwift Energy Announces Public Offering of Senior Notes. Swift Energy Company announced today that it intends to offer $250 million of senior notes due 2017 in a public offering. The Company has filed a registration statement today with the Securities and Exchange Commission relating to the offering, which is expected to close in early June 2007. Swift Energy intends to use the estimated proceeds of approximately $245.5 million from the offering to redeem all of the Company’s currently outstanding $200 million of 9.375% senior subordinated notes due 2012, with the remainder to repay bank indebtedness or for general corporate purposes. The Company intends to call the outstanding 9.375% notes for redemption upon pricing of the senior notes offering, with the redemption to occur 30 days later. May 15, 2007 -- Bear Stearns 16th Annual Global Credit ConferenceSwift Energy's Vice President of Exploitation & Development, Tom Schmidt, gave the presentation at the Bear Stearns 16th Annual Global Credit Conference. See slides from the meeting. May 14, 2007 -- Press Release -- Houston, TXSwift Energy To Review Strategic Alternatives for New Zealand Unit. Swift Energy Company stated today that it plans to begin a review of strategic alternatives for its New Zealand operating unit, Swift Energy New Zealand, Ltd. (“SENZ”). Such alternatives include an outright sale or merger of some or all of the properties and facilities, entry into joint ventures or reshaping of long-term operational strategy there. Swift Energy is currently in discussions with several advisory firms to assist the Company in this process. May 9, 2007 -- UBS 2007 Leveraged Finance ConferenceSwift Energy's Vice President of Exploitation & Development, Tom Schmidt, gave the presentation at the UBS 2007 Leveraged Finance Conference. See slides from the meeting. May 9, 2007 -- Press Release -- Houston, TXSwift Energy Announces Results of Annual Shareholder Meeting. Swift Energy Company announced today that Raymond E. Galvin, Greg Matiuk and Henry C. Montgomery were re-elected to serve three-year terms on Swift Energy Company’s Board of Directors at its annual meeting of shareholders held Tuesday, May 8, 2007. Additional items that were also approved by Swift Energy shareholders at the meeting were an amendment to the Swift Energy Company 2005 Stock Compensation Plan allowing for additional shares to be issued under the Plan and the ratification of Ernst & Young, LLP as Swift Energy’s independent auditor. May 7, 2007 -- 2007 Form 10-Q for First QuarterSwift Energy's Form 10-Q for the period ended March 31, 2007, is now available on this web site. Also available in PDF format. May 3, 2007 -- Press Release -- Houston, TXSwift Energy Announces First Quarter 2007 Results: Earnings of $27.6 Million, or $0.90 Per Diluted Share, and Cash Flow of $90.6 Million, or $2.97 Per Diluted Share. Swift Energy Company (NYSE: SFY) announced today net income of $27.6 million for the first quarter of 2007, or $0.90 per diluted share, a 26% decrease compared to $37.3 million in net income, or $1.24 per diluted share, earned in the first quarter of 2006. Adjusted cash flow from operations (*cash flow before working capital changes, a non-GAAP measure - see page 6 for reconciliation to the GAAP measure) decreased 1% to $90.6 million, or $2.97 per diluted share, compared to $91.6 million, or $3.05 per diluted share, for the first quarter of 2006. Production increased 6% for the first quarter of 2007 to 17.5 billion cubic feet equivalent (“Bcfe”) from the 16.6 Bcfe produced in the first quarter of 2006 due to the recent South Louisiana acquisitions and increased output at Lake Washington. Production decreased sequentially 6% from the 18.6 Bcfe produced in the fourth quarter of 2006, due primarily to natural production declines and maintenance in New Zealand as well as facility downtime from maintenance and repairs in the Lake Washington field. First quarter 2007 production included domestic production of 15.2 Bcfe, a 19% increase, and 2.3 Bcfe produced in New Zealand, a 40% decrease, in both cases when compared to production in the same period in 2006. April 23, 2007 -- Press Release -- Houston, TXSwift Energy Presentation at IPAA Oil & Gas Investment Symposium To Be Webcast. Swift Energy Company’s President, Bruce H. Vincent, will give Swift Energy’s corporate presentation Tuesday, April 24, 2007, at 10:55 a.m. EDT to the investment community via live audio webcast at the IPAA Oil & Gas Investment Symposium in New York, NY. (See presentation slides.) April 9, 2007 -- Press Release -- Houston, TXSwift Energy Schedules First Quarter 2007 Earnings Release and Conference Call. Swift Energy Company will release its first quarter 2007 financial results on Thursday, May 3, 2007, before the market opens and conduct a conference call to discuss such results on that date at 9:00 a.m. CDT. To participate in this conference call, dial 973-339-3086 five to ten minutes before the scheduled start time and indicate your intention to participate in the Swift Energy conference call. A delayed digital replay of the call will also be available on May 3 through May 10, by dialing 973-341-3080 and using pin #8584196. Additionally, the conference call will be available over the internet by accessing the Company’s website at www.swiftenergy.com and by clicking on the event hyperlink. This webcast will be available online and archived at the Company’s website for approximately two weeks after the call. April 3, 2007 -- 2007 Proxy StatementSwift Energy's Proxy Statement for the 2007 annual meeting of shareholders is now online. (Also in PDF format.) April 3, 2007 -- Press Release -- Houston, TXSwift Energy To Present at the 35th Annual Howard Weil Energy Conference. Swift Energy Company announced today that it will be making its corporate presentation to the investment community on Wednesday, April 4, at 2:10 p.m. EDT at the 35th Annual Howard Weil Energy Conference. A copy of slide materials presented will be available following the presentation and can be accessed through Swift Energy’s website www.swiftenergy.com. March 30, 2007 -- 2006 Annual ReportSwift Energy's 2006 Annual Report "Bright Ideas," is now online. Also in PDF Format. March 30, 2007 -- TributeA Tribute to A. Earl Swift, 1933-2006 March 15, 2007 -- Analyst/Investor Meeting -- Houston, TXSwift Energy hosted a meeting (which was webcast) with financial analysts, portfolio managers and investors on Wednesday, March 14, 2007, in Houston, Texas. The meeting began at 8:00 a.m. CST and was held at the Marriott Woodlands Waterway Hotel and Convention Center on Lake Robbins Drive in The Woodlands, Texas. Click here to see the slide presentation. (See related press release.) March 14, 2007 -- Press Release -- Houston, TXSwift Energy Details 2007 Capital Expenditure Plans and Updates Operations at Analyst/Investor Meeting. Swift Energy Company today announced details of its currently planned $350 to $400 million in total capital expenditures in 2007, net of minor non-core dispositions and excluding any potential property acquisitions, which will be further discussed today at its annual Analyst/Investor meeting. Approximately 95% of the budget is targeted for domestic activities, primarily in its South Louisiana region. For 2007, Swift Energy is targeting total production to increase 7% to 10% and proved reserves to increase 4% to 6% over their respective 2006 levels. March 2, 2007 -- Press Release -- Houston, TXSwift Energy Announces New Management Addition. Swift Energy Company announced today that Gregg Jones has joined the Company as Vice President—Corporate Administration. March 1, 2007 -- 2006 Form 10-KSwift Energy's Form 10-K for the period ending December 31, 2006, is now available on this web site in HTML format and PDF format. February 8, 2007 -- Press Release -- Houston, TXSwift Energy Announces Record Year: 2006 Income Increases 40% to $161.6 Million, or $5.38/Share; 2006 Production Increases 18% to 70.2 Bcfe; and 2006 Fourth Quarter Earnings of $35.3 Million, or $1.16/Share. Swift Energy Company (NYSE: SFY) announced today record net income for 2006 of $161.6 million, or $5.38 per diluted share, a 40% increase compared to $115.8 million of net income for 2005, or $3.95 per diluted share. For the fourth quarter of 2006, Swift Energy had net income of $35.3 million, or $1.16 per diluted share, an increase of 2% compared to $34.7 million (also $1.16 per diluted share) earned in the same quarter in 2005. Swift Energy achieved record production in 2006, which increased approximately 18% to 70.2 billion cubic feet equivalent (“Bcfe”), with 56.7 Bcfe produced domestically and 13.5 Bcfe produced in New Zealand. This level of production compares to 2005 production of 59.6 Bcfe (43.0 Bcfe domestic and 16.5 Bcfe New Zealand). Production for the fourth quarter 2006 totaled 18.6 Bcfe, an increase of 27% compared to production in the fourth quarter 2005. Domestic production increased 42% to 15.6 Bcfe compared to the hurricane affected fourth quarter 2005, while New Zealand production of 3.0 Bcfe declined 19% from the same quarter in 2005. February 8, 2007 -- Press Release -- Houston, TXSwift Energy Announces 7% Increase in 2006 Year-End Proved Reserves. Swift Energy announced today 2006 year-end proved reserves of 817 Billion cubic feet equivalent (“Bcfe”), an increase of 7% from 762 Bcfe of proved reserves at year-end 2005. Year-end 2006 proved reserves were 50% crude oil, 40% natural gas and 10% natural gas liquids. For the full year 2006, Swift Energy replaced 178% of its 2006 production. February 5, 2007 -- Press Release -- Houston, TXSwift Energy Presentation at Credit Suisse 2007 Energy Summit to Be Webcast. Swift Energy Company is presenting its corporate presentation to the investment community on Tuesday, February 6, at 11:25 a.m. EST via live audio webcast at the Credit Suisse 2007 Energy Summit in Vail, Colorado. The live audio webcast of the presentation and accompanying slide materials can be accessed through Swift Energy’s website http://www.swiftenergy.com. To listen to this live presentation, viewers are encouraged to go to the Company’s website at least fifteen minutes prior to the beginning of the scheduled presentation to register. A replay of the presentation will be available within 24 hours of the live presentation and will be archived at this site for up to 90 days. January 19, 2007 -- Press Release -- Houston, TXSwift Energy Announces Its Fourth Quarter and Year-End 2006 Earnings Call and 2007 Analyst/Investor Meeting. Swift Energy Company will report fourth quarter and year-end 2006 financial and operational results on Thursday, February 8, 2007 by issuing a news release before the market opens and conducting a conference call on that date at 9:00 a.m. CST. To participate in this conference call, dial 973-339-3086 five to ten minutes before the scheduled start time and indicate your intention to participate in the Swift Energy conference call. A digital replay of the call will be available later on February 8 until February 15, by dialing 973-341-3080 and using pin #8248595. Additionally, the conference call will be available over the internet by accessing the Company’s website at www.swiftenergy.com and by clicking on the event hyperlink. This webcast will be available online and archived at the Company’s website for approximately 30 days. January 3, 2007 -- Press Release -- Houston, TXSwift Energy To Withdraw Secondary Listing from Archipelago Exchange. Swift Energy Company announced today that it has submitted a request to voluntarily withdraw its secondary or dual listing of its common stock on NYSE Arca, Inc., also known as the Archipelago Exchange and formerly the Pacific Exchange. Swift Energy’s common stock will continue to be listed and traded on the New York Stock Exchange, its primary exchange.
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This page was last updated on Wednesday, December 03, 2008, at 08:36:41 AM. Copyright © 1994-2008 by Swift Energy Company. |
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