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. During the year ended December 31, 2008, the Company completed the selling of its New Zealand-based operations. In 2008, the total proved reserves for the Company was comprised of approximately 43% crude oil, 42% natural gas, and 15% natural gas liquids (NGLs); and 53% of the total proved reserves were proved developed. The proved reserves are concentrated with 61% of the total in Louisiana, 38% in Texas, and 1% in other states. The Company focuses its development and exploration in four areas: Southeast Louisiana, South Texas, Central Louisiana/East Texas and South Louisiana.