PURSUING A RESERVES 
GROWTH STRATEGY

                                           1993 ANNUAL REPORT


Common Stock, 1993 and 1992



Swift Energy Company common stock is traded on the New York Stock Exchange and the Pacific Stock Exchange under the symbol "SFY." The high and low quarterly sales prices for the common stock for 1993 and 1992 are as follows:

1993 1992


First Second Third Fourth First Second Third Fourth
Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter
-------------- ------------ ------------ ------------ -------------- ------------ ------------ ------------
Low 8 5/8  10 1/2  10 1/2  9 1/4  5 5/8  6 1/8  6 3/8  8        
High 11         12 3/8  14        13 1/8  8 5/8  8 1/8  9 1/2  9 1/2 

Since inception, no dividends have been declared on the Company’s common stock, and the Company does not expect to declare dividends in the near future. The Company presently intends to continue a policy of using retained earnings for expansion of its business.

Swift Energy had approximately 705 stockholders of record as of December 31, 1993.


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