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Company Description (as filed with the SEC)
Swift Energy Company is engaged in developing, exploring, acquiring, and operating oil and natural gas properties, with a focus on oil and natural gas reserves in Texas as well as onshore and in the inland waters of Louisiana. Swift Energy was founded in 1979 and is headquartered in Houston, Texas. At year-end 2011, we had estimated proved reserves from our continuing operations of 159.6 MMBoe with a PV-10 of $1.9 billion (PV-10 is a non-GAAP measure, see the section titled “Oil and Natural Gas Reserves” in our Property section for a reconciliation of this non-GAAP measure to the closest GAAP measure, the standardized measure). Our total proved reserves at year-end 2011 were approximately 20% crude oil, 64% natural gas, and 16% NGLs; and 35% of our total proved reserves were developed. Our proved reserves are concentrated with 79% in Texas and 21% in Louisiana. We currently focus primarily on development and exploration of three core areas. ... More ...
|Annual EPS Est:||$0.66|
|Quarterly EPS Est:||0.06|