HOUSTON, May 14, 2008 – Swift Energy Company (NYSE: SFY) announced today that Deanna L. Cannon, Douglas J. Lanier and Bruce H. Vincent 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 13, 2008.

Additional proposals also approved by Swift Energy shareholders at the meeting were amending the Swift Energy Company 2005 Stock Compensation Plan to increase the number of shares of the Company’s common stock available for awards under the plan, amending the Employee Stock Purchase Plan to increase the number of shares of the Company’s common stock to be issued under the plan and ratifying Ernst & Young, LLP as Swift Energy’s independent auditor.

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 oil and natural gas reserves in the onshore and inland waters of Louisiana and Texas. Over the Company’s 28-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.