FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * VINCENT BRUCE H   2. Issuer Name and Ticker or Trading Symbol SWIFT ENERGY CO [SFY] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) President (Last) (First) (Middle) 16825 NORTHCHASE DRIVE, SUITE 400 3. Date of Earliest Transaction (Month/Day/Year) 12/05/2006 (Street) HOUSTON, TX 77060 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price SFY Common Stock-401(k)               9,592 I 401(k) Plan SFY Cmmn Stock-ESOP Holding               900 I ESOP Plan Swift Energy Common Stock 12/05/2006   M   3,999 A $ 0 70,231 D   Swift Energy Common Stock 12/05/2006   M   2,799 A $ 0 73,030 D   Swift Energy Common Stock 12/05/2006   F(3)   1,555 D $ 51.84 71,475 D   Swift Energy Common Stock 12/06/2006   S   14,586 D $ 51.5 56,889 D   Swift Energy Common Stock 12/06/2006   S   51 D $ 51.55 56,838 D   Swift Energy Common Stock 12/06/2006   S   500 D $ 51.74 56,338 D   Swift Energy Common Stock 12/06/2006   S   192 D $ 51.75 56,146 D   Swift Energy Common Stock 12/06/2006   S   100 D $ 51.77 56,046 D   Swift Energy Common Stock 12/06/2006   S   300 D $ 51.78 55,746 D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Option

$ 51.84

12/05/2006

A(1)

640

12/05/2007

11/11/2012

Swift Energy Common Stock

640

$ 0

640

D

Stock Option

$ 51.84

12/05/2006

A(2)

915

12/05/2007

02/04/2012

Swift Energy Common Stock

915

$ 0

915

D

SQ01 Plan grt 11/11/2002 ISO

$ 8.3

12/05/2006

M

3,999

11/11/2003

11/11/2012

Swift Energy Common Stock

3,999

$ 0

4,003

D

SQ01 Plan grt 2/4/2002

$ 16.96

12/05/2006

M

2,799

02/04/2003

02/04/2012

Swift Energy Common Stock

2,799

$ 0

2,803

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
VINCENT BRUCE H 16825 NORTHCHASE DRIVE, SUITE 400 HOUSTON, TX 77060			President

Signatures

Karen Bryant POA for Bruce H. Vincent		12/07/2006
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Grant of Reload Option pursuant to Plan.
(2)	Grant of Reload Option pursuant to Plan.
(3)	Payment of exercise price by delivery of 1,555 shares of issuer's common stock at $51.84 per share, the closing price of issuer stock on 12/05/2006.

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