SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): July 2, 1997
SWIFT ENERGY INCOME PARTNERS 1986-C, LTD.
(Exact name of registrant as specified in its charter)
TEXAS 0-17022 76-0200458
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation Identification
or organization) No.)
16825 Northchase Drive
Houston, Texas 77060
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (281) 874-2700
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ITEM 2. DISPOSITION OF ASSETS.
On July 2, 1997, Swift Energy Income Partners, 1986-C, Ltd. (the
"Partnership"), was dissolved pursuant to the Texas Revised Limited Partnership
Act. All assets, consisting of interests in real property and in oil and gas
reserves located therein, were sold as of November 1, 1996. A portion of the
assets were sold in negotiated transactions and the remainder were sold at
auction. The bulk of the Partnership's interests were partial interests in the
North Blowhorn Creek Unit, and the Stuteville No. 1-35 well. The North Blowhorn
Creek Unit was sold at auction to M.W.J. Producing Company for a total of
$250,000, of which the Partnership received its proportionate share. The
Stuteville No. 1-35 well was sold in a negotiated sale along with the Garrett
1-6 well, for a total of $97,718, of which the Partnership received its
proportionate share. These two wells were sold to Swift Energy Income Partners
1986-D, Ltd.; 1987-A, Ltd.; 1987-B, Ltd.; 1987-C, Ltd.; and 1987-D, Ltd. The
interest of Swift Energy Company in these two wells was substantially unchanged
by this sale. The total proceeds to the Partnership, net of selling expenses,
were $586,150. The Limited Partners' share was $527,535. The initial
distribution of proceeds was made to partners on November 1, 1996. The final
distribution was made to partners on March 24, 1997.
SIGNATURES
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 person.
Date: August 4, 1997 SWIFT ENERGY INCOME PARTNERS 1986-C, LTD.
By: Swift Energy Company,
as Managing General Partner
By: /s/ Alton D. Heckaman, Jr.
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Alton D. Heckaman, Jr.
Vice President and Controller
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