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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): June 26, 1998
SWIFT ENERGY INCOME PARTNERS 1990-C, LTD.
(Exact name of Registrant as specified in its charter)
TEXAS 33-11773-14 76-0318471
(State of incorporation (Commission File Number) (IRS Employer
or organization) Identification No.)
16825 Northchase Drive, Suite 400
Houston, Texas 77060
(Address of principal executive offices)
(281) 874-2700
(Registrant's telephone number)
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ITEM 2. Disposition of Assets
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Substantially all of the assets of Swift Energy Income Partners 1990-C,
Ltd. (the "Partnership"), consisting of interest in real property and in oil and
gas reserves located therein, ("Property Interests") were sold at auction as of
March 1, 1998. The bulk of the Partnership's Property Interests included partial
interest in three fields in Schleicher County, Texas in the Permian Basis of
West Texas and one field in Wheeler County, Texas. Collectively, these four
fields accounted for approximately 63% of the total proceeds received from the
sale of the Partnership's Property Interests. The total proceeds to the
Partnership, net of selling expenses, were $843,350. The limited partners' share
was $759,015. An initial distribution of proceeds was made to the limited
partners on April 15, 1998, representing all the assets of the Partnership
except for insubstantial amounts held back for contingency purposes. A small
final distribution is anticipated to be made on or about June 30, 1998, at which
time the Partnership will dissolve pursuant to the Texas Revised Limited
Partnership Act.
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.
Dated: June 26, 1998
SWIFT ENERGY INCOME PARTNERS 1990-C, LTD.
By: Swift Energy Company, as Managing General Partner
By: ----------------------------------------
Alton D. Heckaman, Jr.
Vice President and Controller
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