SWIFT ENERGY ANNOUNCES THIRD QUARTER EARNINGS CALL

HOUSTON, October 15, 2003 – Swift Energy Company (NYSE: SFY) will announce third quarter earnings results on Wednesday, November 5, at 9:00 a.m. CST via a conference call, and a news release will be issued before the market opens. The dial-in number is 973-339-3086. Please dial-in five to ten minutes before the start of the earnings call. This call will be available for digital replay until November 12, 2003 by dialing 973-341-3080 (Pin# 4217928). In addition, this call will be webcast 'live' in a listen only mode and archived through our website at http://www.swiftenergy.com for up to 90 days.

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.

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.