| Business Summary | | Swift
Energy
Company
engages
in
the
development,
exploration,
acquisition
and
operation
of
oil
and
gas
properties,
with
a
focus
on
United
States
onshore
natural
gas
reserves
located
in
Texas
and
Louisiana,
as
well
as
onshore
oil
and
natural
gas
reserves
in
New
Zealand.
As
of
December
31,
2000,
the
Company
had
interests
in
1,528
wells
located
domestically
in
eight
states
and
in
federal
offshore
waters
as
well
as
in
New
Zealand.
The
Company
operated
817
of
these
wells,
representing
91%
its
proved
reserves.
At
year-end
2000,
the
Company
had
estimated
proved
reserves
of
629.4
Bcfe,
of
which
approximately
67%
was
natural
gas
and
45%
was
proved
developed.
The
Company
focuses
primarily
on
development
and
exploration
in
four
domestic
core
areas,
consisting
of
the
AWP
Olmos,
Brookeland,
Giddings
and
Masters
Creek
areas.
The
Company
is
also
pursuing
development
and
exploration
activities
in
the
Gulf
Coast
Basin
and
in
New
Zealand. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SFY
is
engaged
in
the
development,
exploration,
acquisition
and
operation
of
oil
and
gas
properties,
with
a
primary
focus
on
U.S.
onshore
natural
gas
reserves
located
in
TX
and
LA.
For
the
six
months
ended
6/01,
revenues
rose
37%
to
$114.7
million.
Net
income
before
acctg.
change
rose
58%
to
$37.7
million.
Revenues
reflect
increased
oil
and
gas
sales
and
prices.
Earnings
reflect
the
conversion
and
extinguishment
of
convertible
notes. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| A. Earl Swift, 67 Chairman | $850K | $1.9M | Terry Swift, 45 Pres,
Director | 455K | 1.7M | Virgil Swift, 72 Vice
Chairman | -- | -- | Joseph D'Amico, 52 Exec.
VP, COO | 337K | 100K | Bruce Vincent, 53 Exec.
VP of Corp. Devel., Sec. | 320K | 66K | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|