SWIFT ENERGY COMPANY NEWS


SWIFT ENERGY APPOINTS GREG MATIUK TO BOARD OF DIRECTORS


HOUSTON, September 18, 2003 – Swift Energy Company (NYSE, PCX: SFY) today announced that its Board of Directors has appointed Greg Matiuk to serve on Swift Energy Company’s Board of Directors at its Board meeting held Wednesday, September 17, 2003.

Greg Matiuk retired as Executive Vice President, Administrative and Corporate Services of ChevronTexaco Corp. in March 2003 after 36 years of service. A native of New York, he graduated from Michigan Technological University, where he earned a bachelor’s degree in Geological Engineering. Matiuk began his career at ChevronTexaco in 1967 as a production and reservoir engineer and served in various engineering and management positions in production, corporate strategic planning, human resources and corporate services.

Among the variety of positions Mr. Matiuk held in production, he served as Manager of Drilling and Production in Australia, General Manager for Chevron U.K. Ltd. in Aberdeen, Scotland, and Vice President and General Manger of the Western Business Unit for Chevron U.S.A. Production Co., in Bakersfield, California. He became Vice President of Strategic Planning and Quality in October 1996, and he was appointed Vice President, Human Resources and Quality in 1998. In 2001, he was named Executive Vice President, Administrative and Corporate Services. Matiuk has also served as a board member for various other organizations including the National Council for Minorities in Engineering, United Way, the Bakersfield Symphony, Boy Scouts of America and INROADS.

Terry Swift, President and CEO of Swift Energy noted, “We are extremely pleased to add Greg Matiuk to the Board of Swift Energy. Greg brings over 36 years of industry experience and dedication to the Board, having served in key leadership positions at ChevronTexaco throughout his career. Greg’s appointment is an affirmation of our continued pledge to our stakeholders that we are committed to maintaining a high quality Board of Directors.”

Swift Energy Company engages in developing, exploring, acquiring and operating oil and gas properties, with a focus on onshore and inland water 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.

 

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