Ownership Submission
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 and Sec'y
(Last)
(First)
(Middle)
16825 NORTHCHASE DRIVE, SUITE 400		 3. Date of Earliest Transaction (Month/Day/Year)
02/20/2001
(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)               10,353 I 401(k) Plan
SFY Cmmn Stock-ESOP Holding               795 I ESOP Plan
Swift Energy Common Stock 02/20/2001   M   4,791 A $ 35.04 91,954 D  
Swift Energy Common Stock 05/15/2008   S   3,000 D $ 60 88,954 D  
Swift Energy Common Stock 05/16/2008   M   3,625 A $ 49.61 92,579 D  
Swift Energy Common Stock 05/16/2008   M   1,323 A $ 46.66 93,902 D  
Swift Energy Common Stock 05/16/2008   F(3)   4,011 D $ 60.17 89,891 D  
Swift Energy Common Stock 05/16/2008   F(4)   2,790 D $ 60.17 87,101 D  

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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
SQ01 Plan grt 2/20/2001 ISO $ 35.04 02/20/2001   M     4,791 02/20/2002 02/20/2011 Swift Energy Common Stock 4,791 $ 0 0 D  
Stock Option 5/16/2008 - 5/16/2010 $ 60.17 05/16/2008   A(1)   4,011   05/16/2009 05/16/2010 Swift Energy Common Stock 4,011 $ 0 4,011 D  
Stock Option 5/16/2008 - 2/21/2011 $ 60.17 05/16/2008   A(2)   2,790   05/16/2009 02/21/2011 Swift Energy Common Stock 2,790 $ 0 2,790 D  
SQ05 Grt 11/08/2006 exp 11/8/2008 $ 49.61 05/16/2008   M     3,625 11/08/2007 11/08/2008 Swift Energy Common Stock 3,625 $ 0 0 D  
SQ90 Plan grt 11/21/2005; exp 12/07/08 $ 46.66 05/16/2008   M     1,323 11/21/2006 12/07/2008 Swift Energy Common Stock 1,323 $ 0 0 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 and Sec'y  

Signatures

 Bruce H. Vincent   05/19/2008
**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 4,011 shares of issuer's common stock at $60.17 per share, the closing price of issuer's stock on 5/15/2008.
(4) Payment of exercise price by delivery of 2,790 shares of issuer's common stock at $60.17 per share, the closing price of issuer's stock on 5/15/2008.

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