Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *
  Banks Robert J.
 2. Date of Event Requiring Statement (Month/Day/Year)
02/11/2008		 3. Issuer Name and Ticker or Trading Symbol
SWIFT ENERGY CO [SFY]
(Last)
(First)
(Middle)
16825 NORTHCHASE DRIVE, SUITE 400		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
Executive VP and COO
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

HOUSTON, TX 77060		 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 Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Swift Energy Common Stock 20,100
D
 
SFY Common Stock-401(k) 598
I
Through 401(k)
SFY Cmmn Stock-ESOP Holding 112
I
Through ESOP

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option - 2/6/04 - 2/6/14   (1) 02/06/2014 Swift Energy Common Stock 7,000 $ 16.16 D  
Stock Option - 11/8/04 - 11/8/2014   (2) 11/08/2014 Swift Energy Common Stock 4,100 $ 25.18 D  
Stock Option - 2/7/06 - 2/7/16   (3) 02/07/2016 Swift Energy Common Stock 4,500 $ 44.24 D  
Stock Option - 2/6/07 - 2/6/17   (4) 02/06/2017 Swift Energy Common Stock 11,500 $ 43.48 D  
Stock Option 2/11/2008 - 2/11/2018   (5) 02/11/2018 Swift Energy Common Stock 13,700 $ 43.21 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Banks Robert J.
16825 NORTHCHASE DRIVE, SUITE 400
HOUSTON, TX 77060		       Executive VP and COO  

Signatures

Robert J. Banks 02/21/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) The option vests in 5 equal annual installments beginning on 02/06/2005.
(2) The option vests in 5 equal annual installments beginning 11/08/2005.
(3) The option vests in 5 equal annual installments beginning 02/07/2007.
(4) The option vests in 5 equal annual installments beginning 02/06/2008.
(5) The option vests in 5 equal annual installments beginning on 02/11/2009.

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