HOUSTON, January 26, 2005 – Swift Energy Company (NYSE: SFY) will report fourth quarter and year-end 2004 financial results on Thursday, February 17, 2005 by issuing a news release before the market opens and conducting a conference call on that date at 8:30 a.m. CST. To participate in this conference call, dial 973-339-3086 five to ten minutes before the scheduled start time and indicate your intention to participate in the Swift Energy conference call. A digital replay of the call will be available later on February 17 until February 25, by dialing 973-341-3080 and using pin #5652029. Additionally, the conference call will be available over the internet by accessing the Company’s website at www.swiftenergy.com and by clicking on the event hyperlink. This webcast will be available online and archived at the Company’s website.

Swift Energy will also be hosting its 2005 Annual Analyst/Investor Meetings in a series of meetings with financial analysts, portfolio managers and investors beginning Tuesday, February 22 in Houston and continuing on Wednesday, February 23, in New York City and concluding on Thursday, February 24 in Boston. At each meeting, members of Swift Energy’s management team will provide an annual briefing that will include an update on certain 2004 results as well as cover the operational and financial plans and guidance for the first quarter and full year 2005. An audio (listen-only) webcast of the Houston presentation, accompanied by slides, will be broadcast on February 22 with a slight time delay, accessible on the Company’s website www.swiftenergy.com by clicking on the event hyperlink.

The meeting in Houston will begin at 8:00 a.m. CST on Tuesday February 22 and is being held at the Wyndham Greenspoint at 12400 Greenspoint Drive, Houston, Texas. The meeting in New York City will begin at 8:00 a.m. EST on Wednesday, February 23 at the Four Seasons Hotel on 57th Street. The meeting in Boston will begin at 10:00 a.m. EST on Thursday, February 24, at the Langham Hotel on Franklin Street. Anyone interested in attending any of these meetings should contact the Company’s Investor Relations Department at 1-800-777-2412.

In 2004, Swift Energy was the largest independent oil producer in Louisiana and celebrated its 25th anniversary. Headquartered in Houston, 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 Louisiana and Texas 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.