On April 1, 2009, Swift Energy Company amended its First Amended and Restated 2005 Stock Compensation Plan (the "Plan") solely to modify the definition of Change of Control in Section 13(b) of the Plan to reflect the original intent of the Plan that an event or transaction actually consummate for a Change of Control to occur, rather than such event or transaction merely being initiated or approved. The revised applicable section of the Plan states:

"(b) A "Change of Control" shall be deemed to have occurred upon the occurrence of any one (or more) of the following events, other than a transaction with another person controlled by the Company or its officers or directors, or a benefit plan or trust established by the Company for its employees:

(i) Any person or group, as defined in Section 13(d)(3) of the Exchange Act, becoming the beneficial owner of shares of the Company with respect to which 40% or more of the total number of votes for the election of the Board may be cast;

(ii) As a result of, or in connection with, any cash tender offer, exchange offer, merger or other business combination, sale of assets, or contested election, or combination of the above, persons who were directors of the Company immediately prior to such event cease to constitute a majority of the Board; or

(iii) The Company either ceases to be an independent publicly owned corporation or sells or otherwise disposes of all or substantially all the assets of the Company."

A copy of the amendment is filed herewith as Exhibit 10 hereto.

(d) Exhibit.

Exhibit
Number                            Description

  10      Amendment No. 1 to the Swift Energy Company First Amended
          and Restated 2005 Stock Compensation Plan effective April 1,
          2009.