November 3, 1999
RE: Swift Energy Pension Partners 1994-D, Ltd.
Dear Interest Holder:
As you may recall, during 1998 Swift Energy Company, as Managing
General Partner, embarked on a liquidation strategy for most of its
partnerships. However, due to a drastic change in market conditions during 1998
while the transaction was under regulatory review, this liquidation plan was
terminated. The issues facing the partnerships leading to the 1998 liquidation
proposal still exist.
Oil and gas prices have rebounded during 1999 to levels that again have
led the Managing General Partner to initiate another liquidation proposal for a
number of its partnerships. On September 13, 1999, Swift filed preliminary proxy
statements with the Securities and Exchange Commission (SEC) for five
partnerships, including this Partnership. These proxy statements set forth a
proposal to sell the assets and dissolve each of the partnerships. Swift is
awaiting the SEC's review and comments in order to finalize these proxy
statements, which will fully discuss the proposal, before mailing the proxy
statements to or discussing the proposal with investors.
In the interim, if you have any questions concerning other matters,
please contact the Investor Relations Department at (800) 777-2750 or (281)
874-2750.
Sincerely,
/s/ Bruce H. Vincent
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Senior Vice President
