HOUSTON, May 11, 2006 – Swift Energy Company (NYSE: SFY) announced today that Robert J. Banks has been appointed Vice President – International Operations & Strategic Ventures of Swift Energy Company. Mr. Banks will also continue to serve as Vice President-International Operations of the Company’s wholly owned subsidiary, Swift Energy International, Inc. (“SEI”).

Mr. Banks joined Swift Energy Company in 2004 at Vice President – International Operations of SEI and has over 25 years of oil and gas industry experience, focused on international operations involving exploration, production and project development in more than twelve different countries including 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. Mr. Banks has a B.S. from the Pennsylvania State University.

Swift Energy Company, founded in 1979 and headquartered in Houston, 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, Texas and most recently Alaska, as well as oil and natural gas reserves in New Zealand. Over the Company’s 26-year history, Swift Energy has 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.