| Title: | Summary: Swift Energy Co. |
| Price: | $175.00 |
| Publication Date: | Apr 30, 2008 |
| Report Type: | Summary |
| Abstract: | The ratings on Swift Energy Co. reflect a weak business profile, which is largely based on the competitive, capital-intensive, and cyclical nature of the petroleum industry; a concentrated reserve base with a high proportion classified as proved undeveloped; and an aggressive financial risk profile that incorporates high debt leverage on a proved developed basis. While the Houston-based company has increased production through high-return development of its core assets, poor performance in reserve replacement has resulted in elevated full-cycle costs. Swift's business profile incorporates a small reserve base with a solid life of about 12 years (five years on a proved developed basis). Reserves are concentrated in the Gulf Coast of the U.S., notably in the Lake Washington field of southern |
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Swift Energy Co. Publication date: ##-Apr-#### Primary Credit Analyst: Ben Tsocanos, New York (#) ###-###-####; ben_tsocanos@standardandpoors.com Credit Rating: ##-/Stable/-- Rationale The ratings... |
| Word Count: | 1098 |
| Ticker: | SFY |
| Issuer: | Swift Energy Co. |
| GICS: | Oil & Gas Exploration & Production (10102020) |
| Sector: | Global Issuers, Corporations, Gas, Energy, Metals & Mining |
| Country: | United States |
| Region: | United States |
| Format: | 
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