Swift Energy Company: 2001 Form 10-K, Consolidated Balance Sheets

	December 31,

	2001	2000
	----------------------	----------------------
ASSETS

Current Assets:
Cash and cash equivalents	$ 2,149,086	$ 1,986,932
Accounts receivable --
Oil and gas sales	14,215,189	26,939,472
Associated limited partnerships and joint ventures	6,259,604	2,685,003
Joint interest owners	11,467,461	7,181,974
Other current assets	2,661,640	3,079,498
	----------------------	----------------------
Total Current Assets	36,752,980	41,872,879
	----------------------	----------------------
Property and Equipment:
Oil and gas, using full-cost accounting
Proved properties	974,698,428	753,426,124
Unproved properties	95,943,163	55,512,872
	----------------------	----------------------
	1,070,641,591	808,938,996
Furniture, fixtures and other equipment	8,706,414	8,873,266
	----------------------	----------------------
	1,079,348,005	817,812,262
Less--Accumulated depreciation, depletion,
and amortization	(448,139,334)	(290,725,112)
	----------------------	----------------------
	631,208,671	527,087,150
	----------------------	----------------------
Other Assets:
Deferred charges	3,723,182	3,426,972
	----------------------	----------------------
	3,723,182	3,426,972
	----------------------	----------------------
	$671,684,833	$572,387,001
	===========	===========

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:
Accounts payable and accrued liabilities	$ 38,884,380	$ 54,977,397
Payable to associated limited partnerships	26,573,490	1,291,787
Undistributed oil and gas revenues	7,787,465	8,055,587
	----------------------	----------------------
Total Current Liabilities	73,245,335	64,324,771
	----------------------	----------------------

Long-Term Debt	258,197,128	134,729,485
Deferred Income Taxes	27,589,650	41,178,590

Commitments and Contingencies

Stockholders' Equity:
Preferred stock, $.01 par value, 5,000,000 shares authorized,
none outstanding	---	---
Common stock, $.01 par value, 85,000,000 and 35,000,000 shares authorized,
25,634,598 and 25,452,148 shares issued, and 24,795,564 and
24,608,344 shares outstanding, respectively	256,346	254,521
Additional paid-in capital	296,172,820	293,396,723
Treasury stock held, at cost, 839,034 and 843,804 shares, respectively	(12,032,791)	(12,101,199)
Retained earnings	28,256,345	50,604,110
	----------------------	----------------------
	312,652,720	332,154,155
	----------------------	----------------------
	$ 671,684,833	$ 572,387,001
	===========	===========

FORM 10-K FOR FISCAL YEAR ENDED DECEMBER 31, 2001

Consolidated Balance Sheets

Swift Energy Company and Subsidiaries

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