R. E. “Ray” Galvin retired as President of Chevron U.S.A. Production Co., and a director and vice president of Chevron Corporation in February 1997. A native of Cisco, Texas he graduated from Texas A&M University, where he earned a bachelor’s degree in Petroleum Engineering. Galvin began his career at Gulf Oil Corp. in 1953 and served in various engineering and management positions overseeing both domestic onshore and offshore operations and continued in senior management positions with Chevron for 12 years following the Chevron/Gulf merger in 1985.

Galvin served as chairman of the Natural Gas Council and the Natural Gas Supply Association; on the executive committee of the Mid-Continent Oil and Gas Association and the Texas Taxpayers and Research Association; on the executive committee and as a board member of the National Ocean Industries Association; board member of the Gas Research Institute, Greater Houston Partnership and National Council for Minorities in Engineering; on the Houston Board of the Nature Conservancy of Texas; on the board of trustees of the Houston Museum of Natural Science; 1996 president Houston Spindletop and advisory director of Spindletop International; Fellow, External Advisory Council - College of Engineering - Texas A&M University; and a member of the American Petroleum Institute and the Society of Petroleum Engineers.

Terry Swift, President and CEO of Swift Energy noted, “We are delighted with the addition of Ray Galvin to the Board of Swift Energy. Ray brings over 44 years of industry experience to the board, and the keen leadership that he has shown at Chevron and through his active participation in various industry and civic organizations. Ray’s appointment to the Board attests to our pledge to the shareholders that Swift is committed to upholding the values needed for a strong growing company.”

Swift Energy Company engages in developing, exploring, acquiring, and operating oil and gas properties, with a focus on onshore oil and natural gas reserves in Texas and Louisiana and onshore oil and natural gas reserves in New Zealand. Founded in 1979 with headquarters in Houston, Texas, the Company has consistently grown 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.