Swift Energy Reports Gas Pipeline Service Restored at Lake Washington

    Business Editors/Energy Editors

    HOUSTON--(BUSINESS WIRE)--March 29, 2005--Swift Energy Company (NYSE:SFY) announced today that service from a third-party natural gas sales pipeline downstream of the Lake Washington Field has been restored, and the Company's crude oil and natural gas production from the Lake Washington area is returning to the levels of daily production prior to the pipeline shut down (which was reported March 18, 2005).
    Celebrating its 25th anniversary in 2004 and headquartered in Houston, Swift Energy engages in developing, exploring, acquiring and operating oil and gas properties, with a focus on onshore and inland waters oil and natural gas reserves in Louisiana and Texas and onshore oil and natural gas reserves in New Zealand. The Company has consistently shown long-term growth in 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.

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CONTACT: Swift Energy Company, Houston Scott A. Espenshade, 281-874-2700 or 800-777-2412

KEYWORD: TEXAS LOUISIANA NEW ZEALAND INTERNATIONAL ASIA PACIFIC INDUSTRY KEYWORD: ENERGY OIL/GAS SOURCE: Swift Energy Company

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