NYSE, SFY - Swift Energy Company
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 onshore and in the inland waters of Louisiana and Texas. Swift Energy
was founded in 1979 and is headquartered in Houston, Texas. In December 2007, we
agreed to sell the majority of our New Zealand assets with an expected closing
date towards the end of the first quarter of 2008. At year-end 2007, we had
estimated proved reserves from our domestic continuing operations of 133.8 MMBoe
with a PV-10 of $3.8 billion, while our total estimated proved reserves, both
domestically and in New Zealand, were 150.1 MMBoe with a PV-10 Value of $3.9
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). ...
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