UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (or Date of Earliest Event Reported): December 1, 2016
SWIFT ENERGY COMPANY
(Exact name of Registrant as specified in its charter)
|
|
|
|
|
|
|
Delaware
|
001-08754
|
20-3940661
|
|
(State or other jurisdiction
of incorporation)
|
(Commission File Number)
|
(IRS Employer
Identification No.)
|
17001 Northchase Drive, Suite 100
Houston, Texas 77060
(Address of principal executive offices)
(281) 874-2700
(Registrant’s telephone number)
Not Applicable
(Former Name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
|
|
|
|
o
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
|
|
|
o
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
|
|
|
o
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
|
|
|
o
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
|
|
|
|
Item 7.01
|
Regulation FD Disclosure
|
On December 1, 2016, Swift Energy Company, through its primary operating subsidiary Swift Energy Operating, LLC (collectively referred to herein as the “Company”), closed on the previously disclosed purchase and sale agreement (the “Agreement”) with Hilcorp Energy I, L.P. to divest of the Company’s Lake Washington field in Southeast Louisiana (“Lake Washington Field”). The Company received $40 million, less customary closing adjustments, for the Lake Washington Field. A copy of a press release announcing the closing is attached hereto as Exhibit 99.1.
The information furnished in Exhibit 99.1 hereto shall not be deemed “filed” for purposes of the Securities Exchange Act of 1934, as amended, and shall not be deemed incorporated by reference in any filing by the Company with the Securities and Exchange Commission (unless otherwise specifically provided therein).
|
|
|
|
Item 9.01
|
Financial Statements and Exhibits
|
(d) Exhibits
|
|
|
|
|
|
|
Exhibit Number
|
|
Description
|
|
99.1
|
|
Swift Energy Company Press Release dated December 1, 2016.
|
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: December 7, 2016
|
|
|
|
|
|
|
|
|
|
|
|
|
Swift Energy Company
|
|
|
|
|
|
By:
|
/s/ Christopher M. Abundis
|
|
|
|
|
|
|
Christopher M. Abundis
Vice President, General Counsel and Secretary
|
EXHIBIT INDEX
|
|
|
|
|
|
|
Exhibit Number
|
|
Description
|
|
99.1
|
|
Swift Energy Company Press Release dated December 1, 2016.
|
|
|
|
|
|
|
|
|
|
COMPANY CONTACT:
Doug Atkinson
Senior Manager – Finance & Investor Relations
(281) 874-2700, (800) 777-2412
|
FOR IMMEDIATE RELEASE
|
|
|
|
Swift Energy Closes Lake Washington Transaction
Houston, TX – December 1, 2016
–
Swift Energy Company (OTCQX: SWTF) (the “Company”) announced today that it closed its previously announced divestment of the Lake Washington field in South East Louisiana.
The net proceeds received by Swift Energy ($40.0 million, less customary closing adjustments) will be used to reduce the amount of borrowings under the Company’s credit facility which was approximately $245 million prior to receipt of these funds.
About Swift Energy Company
Swift Energy Company, founded in 1979 and headquartered in Houston, engages in developing, exploring, acquiring and operating oil and gas properties, with a focus on the Eagle Ford trend of South Texas.
Forward-Looking Statements
This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The opinions, forecasts, projections, or other statements other than statements of historical fact, are forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurances can be given that such expectations will prove to have been correct. Certain risks and uncertainties inherent in the company’s business are set forth in the filings of Swift Energy Company with the Securities and Exchange Commission.
