HOUSTON, May 11, 2006 – Swift Energy Company (NYSE: SFY) announced today that Clyde W. Smith, Jr. and Terry E. Swift were re-elected to serve three-year terms on Swift Energy Company’s Board of Directors at its annual meeting of shareholders held Tuesday, May 9, 2006. Ambassador Charles J. Swindells was elected to a full three-year term following his appointment February 6, 2006, and Raymond E. Galvin was also re-elected to serve as director for a one-year term.

Additional items that were also approved by Swift Energy shareholders at the meeting include an amendment to the Swift Energy Company 2005 Stock Compensation Plan allowing for additional shares to be used under the Plan and the ratification of Ernst & Young, LLP as Swift Energy’s independent auditors.

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.