Swift Energy Closes South Louisiana Acquisition

Swift Energy has closed the previously announced acquisition of $20.0 million of interest in a seller's operated wells and acreage to the northeast and southeast of Swift Energy's existing acreage in Lake Washington Field in Plaquemines Parish, Louisiana.

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 onshore and inland waters oil and natural gas reserves in Louisiana, Texas and most recently Alaska, as well as oil and natural gas reserves in New Zealand. Over the Company's 26-year history, Swift Energy has 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.