Edgar Filing: SWIFT ENERGY CO

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

OMB APPROVAL

OMB Number:

3235-0287

Expires:

January 31, 2005

Estimated average burden hours per response...

0.5

(Print or Type Responses)

1. Name and Address of Reporting Person ^*

LOEN RAYMOND O

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)	__X__ Other (specify below)
Director Emeritus

(Last)

(First)

(Middle)

16825 NORTHCHASE DRIVE, SUITE 400

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2005

(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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/18/2005	02/18/2005	M		5,500	A	$ 8.6364	45,217	D
Common Stock	02/18/2005	02/18/2005	M		5,500	A	$ 15	50,717	D
Common Stock	02/18/2005	02/18/2005	M		5,500	A	$ 23.6364	56,217	D
Common Stock	02/18/2005	02/18/2005	M		5,000	A	$ 18.875	61,217	D
Common Stock	02/18/2005	02/18/2005	M		10,000	A	$ 7	71,217	D
Common Stock	02/18/2005	02/18/2005	M		5,000	A	$ 12.5	76,217	D
Common Stock	02/18/2005	02/18/2005	F⁽¹⁾		18,803	D	$ 25.89	57,414	D
Common Stock								2,809	I	IRA
Common Stock								63,437	I	By Family Member
Common Stock								3,055	I	Family Member IRA

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Options (Right to buy)

$ 7

02/18/2005

10,000

12/15/1998

12/15/2008

Common Stock

10,000

$ 7

Stock Options (Right to buy)

$ 8.6364

02/18/2005

5,500

05/10/1995

05/10/2005

Common Stock

5,500

$ 8.6364

Stock Options (Right to buy)

$ 12.5

02/18/2005

5,000

05/11/1999

05/11/2009

Common Stock

5,000

$ 12.5

Stock Options (Right to buy)

$ 15

02/18/2005

5,500

05/15/1996

05/15/2006

Common Stock

5,500

$ 15

Stock Options (Right to buy)

$ 18.875

02/18/2005

5,000

05/12/1998

05/12/2008

Common Stock

5,000

$ 18.875

Stock Options (Right to buy)

$ 23.6364

02/18/2005

5,500

05/13/1997

05/13/2007

Common Stock

5,500

$ 23.6364

Stock Options (Right to buy)

$ 25.89

02/18/2005

A⁽²⁾

5,020

02/18/2006

02/18/2007

Common Stock

5,020

$ 25.89

5,020

Stock Options (Right to buy)

$ 25.89

02/18/2005

A⁽²⁾

5,021

02/18/2006

05/13/2007

Common Stock

5,021

$ 25.89

5,021

Stock Options (Right to buy)

$ 25.89

02/18/2005

A⁽²⁾

3,645

02/18/2006

05/12/2008

Common Stock

3,645

$ 25.89

3,645

Stock Options (Right to buy)

$ 25.89

02/18/2005

A⁽²⁾

2,703

02/18/2006

12/15/2008

Common Stock

2,703

$ 25.89

2,703

Stock Options (Right to buy)

$ 25.89

02/18/2005

A⁽²⁾

2,414

02/18/2006

05/11/2009

Common Stock

2,414

$ 25.89

2,414

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
LOEN RAYMOND O 16825 NORTHCHASE DRIVE, SUITE 400 HOUSTON, TX 77060				Director Emeritus

Signatures

Karen Bryant poa for Raymond O. Loen		02/23/2005
^**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)	Payment of exercise price by delivering or withholding 18,803 shares of common stock at $25.89 per share, the closing price of issuer's common stock on 2-18-05.
(2)	Grant of reload option pursuant to plan.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.