HOUSTON, January 19, 2007 – Swift Energy Company (NYSE: SFY) will report fourth quarter and year-end 2006 financial and operational results on Thursday, February 8, 2007 by issuing a news release before the market opens and conducting a conference call on that date at 9:00 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 8 until February 15, by dialing 973-341-3080 and using pin #8248595. 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 for approximately 30 days.

Swift Energy will host its annual meeting with financial analysts, portfolio managers and investors on March 14, 2007 in the Houston area. At this meeting, Swift Energy’s management will provide a briefing on operational and financial results for 2006 as well as plans and guidance for first quarter and full year 2007. An audio (listen-only) webcast accompanied with the slides of the analyst presentation will be available on the Company’s website www.swiftenergy.com by clicking on the event hyperlink commencing on March 14, 2007.

The meeting begins at 8:00 a.m. CST on Wednesday, March 14, and is being held at the Marriott Woodlands Waterway Hotel and Convention Center on Lake Robbins Drive in The Woodlands, Texas. Anyone interested in attending this meeting should contact the Company’s Investor Relation Department at 1-800-777-2412.

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 27-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.

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.