Swift Energy Prices $225 Million Senior Notes Offering and Calls $150 Million of Outstanding Senior Notes Due 2011

HOUSTON--(Business Wire)--
Swift Energy Company (NYSE: SFY) announced today that it increased the size of
its public offering of Senior Notes due 2020 from $200 million to $225 million,
and that it is calling for redemption all of its outstanding $150 million 7 5/8%
Senior Notes due 2011 in accordance with the terms of those notes.

The new Senior Notes, which carry a coupon rate of 8 7/8%, are being sold at
98.389% of par, which equates to an effective yield to maturity of 9 1/8%.
Interest on the Senior Notes will be payable on January 15 and July 15 of each
year, commencing January 15, 2010, which first interest payment will consist
only of interest from the closing date. The offering is expected to close
November 25, 2009, subject to normal closing conditions. The new Senior Notes
received ratings of BB- from Standard & Poor`s and B3 from Moody`s.

The largest portion of the net proceeds of approximately $216.4 million of the
new Senior Notes offering will be used by the Company to redeem all of its
outstanding 7 5/8% Senior Notes due 2011 (CUSIP #870738AE1) at a redemption
price of 101.906% of their principal amount, plus accrued and unpaid interest
from July 15, 2009 to the redemption date. The Senior Notes due 2011 will be
automatically redeemed on December 10, 2009 and no further interest will accrue
on these notes after that date. A Notice of Redemption is being mailed to all
registered holders of the Senior Notes due 2011.

The remainder of the net proceeds of the new Senior Notes offering will be used
to repay the total amount outstanding on the Company`s bank credit agreement.

J.P. Morgan Securities Inc., Goldman, Sachs & Co., RBC Capital Markets
Corporation and Wells Fargo Securities are acting as Joint Book-Running Managers
for this notes offering. BNP Paribas, Calyon Securities (USA) Inc., and Societe
Generale are serving as Senior Co-Managers of the underwriting syndicate, while
BBVA Securities, Comerica Securities, and Natixis Bleichroeder LLC. are serving
as Co-Managers of the underwriting syndicate. When available, copies of the
preliminary prospectus supplement and accompanying base prospectus relating to
the offering may be obtained by contacting J.P. Morgan Securities Inc. at 270
Park Avenue, 8th Floor, New York, NY 10017, Attention: Syndicate Desk or by
calling (800) 245-8812; Goldman, Sachs & Co. at 85 Broad Street, New York, NY
10004, Attn: Prospectus Department or by calling (866) 471-2526; RBC Capital
Markets Corporation at Three World Financial Center, 200 Vesey Street, 9th
Floor, New York, NY 10281-8098, Attention: High Yield Capital Markets or by
calling (212) 618-2205; or Wells Fargo Securities at 301 South College Street,
6th Floor, Charlotte, NC 28202, Attention: High Yield Syndicate or by calling
(704) 715-7035. Copies of the preliminary prospectus supplement and accompanying
base prospectus will also be available on the Securities and Exchange
Commission`s website at www.sec.gov.

This press release is neither an offer to sell nor a solicitation of an offer to
buy any securities and shall not constitute an offer, solicitation or sale in
any jurisdiction in which such offer, solicitation or sale would be unlawful.
Such an offer can only be made by delivery of a prospectus that has been filed
with the Securities and Exchange Commission.

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 onshore in Louisiana and Texas and in the
inland waters of Louisiana.

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.

Swift Energy Company
Paul Vincent, 281-874-2700 or 800-777-2412
Manager of Investor Relations

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