HOUSTON, February 11, 2004 – Swift Energy Company (NYSE: SFY) announced today that Bruce H. Vincent has been appointed President and Robert J. Banks has been appointed Vice President–International Operations of its wholly owned subsidiary, Swift Energy International, Inc. (“SEI”).

Mr. Vincent has served in a number of capacities with Swift Energy for over 14 years, and serving as President of SEI will be in addition to his current responsibilities as Executive Vice President–Corporate Development and Secretary of Swift Energy Company. Prior to joining the Company in 1990, Mr. Vincent held various senior management-level positions at both industry and financial institutions.

Mr. Banks joins SEI with over 25 years of oil and gas industry experience, most recently focused on international operations involving exploration, production and project development in more than twelve different countries including New Zealand. Based in Houston, Mr. Banks will report to the President of SEI and serve as liaison between Swift Energy’s Houston headquarters and the Company’s operations in New Zealand. Mr. Banks has held management-level positions and led international units for Vanco Energy Company, Mosbacher Energy Company, Kuwait Foreign Petroleum Company and Santa Fe International Corporation. He has a B.S. in Finance and Economics from the Pennsylvania State University.

Terry Swift, President and CEO of Swift Energy, commented, “The appointment of Bruce as President and the addition of Bob as a Vice President of our international subsidiary will provide renewed strategic leadership for our international activities, streamline management and allow us to continue to enhance the value of our assets in New Zealand.”

Celebrating its 25th Anniversary this year, Swift Energy Company was founded in 1979 with its headquarters in Houston, Texas. Swift Energy engages in developing, exploring, acquiring and operating oil and gas properties, with a focus on onshore and inland waters oil and natural gas reserves in Texas and Louisiana and onshore oil and natural gas reserves in New Zealand. The Company has consistently shown long-term growth in its proved oil and gas reserves, production and cash flow through a disciplined program of acquisitions and drilling, while maintaining a strong financial position.

This material includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The opinions, forecasts, projections, or other statements other than statements of historical fact, are forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Certain risks and uncertainties inherent in the Company’s business are set forth in the filings of the Company with the Securities and Exchange Commission.