Key Developments: Swift Energy Co (SFY.N)

SFY.N on New York Stock Exchange

11.82USD
1 Aug 2013
Price Change (% chg)

$-0.92 (-7.22%)
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$12.74
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Latest Key Developments (Source: Significant Developments)

Swift Energy Co Adjusts FY 2012 Production Guidance
Thursday, 1 Nov 2012 06:00am EDT 

Swift Energy Co announced that recent challenges together with the effects of Hurricane Isaac have led the Company to adjust its fiscal 2012 expected production range to 11.6 MMboe to 11.7 MMboe.  Full Article

Swift Energy Co Prices $150 Million Senior Notes Private Add-On Debt Offering
Wednesday, 3 Oct 2012 04:00pm EDT 

Swift Energy Co announced that it has priced its sale of an additional $150 million in aggregate principal amount of its 7 7/8% senior unsecured notes due 2022 in a private offering to eligible purchasers. These additional senior notes were priced at 105.00% of par, for a yield to worst of 6.993%. These additional notes, together with the $250 million of 7 7/8% senior notes due 2022 previously sold in November 2011, will form a single class of $400 million principal amount of these senior notes. The Company expects to close the notes offering on October 18, 2012, subject to satisfaction of customary closing conditions. Swift Energy intends to use the net proceeds from the offering to repay outstanding indebtedness on the Company’s revolving credit facility and for general corporate purposes.  Full Article

Swift Energy Co Announces Proposed Private Add On Debt Offering
Wednesday, 3 Oct 2012 07:54am EDT 

Swift Energy Co announced that the Company intends to offer in a private offering to eligible purchasers an additional $150 million in aggregate principal amount of its 7 7/8% senior unsecured notes due 2022. These additional notes will be treated as a single class of security with the $250 million of 7 7/8% senior notes due 2022 sold in a private placement on November 30, 2011 and exchanged for registered notes in May 2012. Swift Energy intends to use the net proceeds of the offering to repay outstanding indebtedness on the Company’s revolving credit facility and for general corporate purposes.  Full Article

Swift Energy Company Enters Into Long Term Agreement With Eagle Ford Gathering LLC, Joint Venture Between Kinder Morgan Energy Partners, L.P. And Copano Energy, L.L.C.
Tuesday, 19 Jun 2012 08:05am EDT 

Swift Energy Company announced that it has entered into a long term agreement for natural gas gathering and processing services for its LaSalle County, TX natural gas production with Eagle Ford Gathering LLC, a 50/50 joint venture between Kinder Morgan Energy Partners, L.P. and Copano Energy, L.L.C. This agreement is effective as of June 1, 2012. Swift Energy will have up to 40 million cubic feet of gas per day of firm capacity available on this system by the fourth quarter of 2012.  Full Article

Swift Energy Company Reaffirms FY 2012 Production Guidance
Thursday, 3 May 2012 06:00am EDT 

Swift Energy Company announced that it remain on track to reach fiscal 2012 targeted production growth range of 14%-20%. It also expect crude oil and natural gas liquid production to grow throughout the year and anticipate these products will account for approximately 55% of daily production mix by the end of 2012.  Full Article

Swift Energy Company Comments On FY 2012 Production Guidance
Thursday, 23 Feb 2012 06:01am EST 

Swift Energy Company announced that for fiscal 2012, it is targeting production to increase 14% to 20% and proved reserves to increase 10% to 15%, over respective fiscal 2011 levels, with a focus on oil and liquid rich opportunities.  Full Article

Swift Energy Company Announces Private Offering of $250 Million Of Senior Notes
Tuesday, 15 Nov 2011 09:14am EST 

Swift Energy Company announced that it intends to offer $250 million of senior notes due 2022 in a private offering to eligible purchasers. Swift Energy intends to use the net proceeds from the offering for general corporate purposes, including funding of 2012 capital expenditures.  Full Article

Swift Energy Company Lowers FY 2011 Production Guidance
Thursday, 3 Nov 2011 06:01am EDT 

Swift Energy Company announced that its fiscal 2011 production exit rate is expected to be 31,000-33,000 barrels of oil equivalent per day (Boe/d). The Company still anticipate some temporary third party service, infrastructure, and transportation delays, which will affect the on-line date of certain wells that were included in its previous exit rate target of 34,000-36,000 Boe/d. This revised exit rate target represents a 17%-24% increase over its fiscal 2010 production exit rate.  Full Article

Swift Energy Company Closes Sale Of Non-Strategic Properties
Friday, 21 Oct 2011 08:00am EDT 

Swift Energy Company announced that it has closed the previously announced disposition of its interests in six fields in South Louisiana, two in Texas and one in Alabama with EnergyQuest II, LLC effective August 1, 2011. The final sales price of the property interests, which were sold, was $53.5 million. As previously indicated, Swift Energy will use the net cash proceeds of approximately $48.8 million from this transaction (as adjusted for cash flows from effective date through closing date) to fund a portion of its 2011 capital expenditures.  Full Article

Swift Energy Company Agrees To Sell Non-Strategic Properties
Wednesday, 17 Aug 2011 08:00am EDT 

Swift Energy Company announced that it has signed a purchase and sales agreement with a private oil and gas company to sell Swift Energy’s interests in six fields in South Louisiana, two in Texas and one in Alabama for approximately $53.5 million. Swift Energy will use net proceeds from this transaction to fund a portion of its 2011 capital expenditures. This sale is expected to close within the next 60 days, with an effective date of August 1, 2011. The total acquisition sale price is subject to post-closing adjustments.  Full Article

Swift Energy says oil spill under control

March 1 - Swift Energy Co said it had managed to bring under control an oil spill caused by the collision of a boat with its inactive oil and gas well in Louisiana.

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