AGREEMENT

This FOURTH AMENDMENT AND CONSENT (“Amendment”) dated as of April 30, 2014 (the “Effective Date”), is by and among Swift Energy Company, a Texas corporation (“Swift Co”), and Swift Energy Operating, LLC, a Texas limited liability company (“Swift LLC”; and together with Swift Co, individually, a “Borrower” and, collectively, the “Borrowers”), the Lenders party hereto, and JPMorgan Chase Bank, N.A., as administrative agent for the Lenders (in such capacity, the “Administrative Agent”).

WHEREAS, the Borrowers, the lenders from time to time party thereto (the “Lenders”), and the Administrative Agent are parties to the Second Amended and Restated Credit Agreement dated as of September 21, 2010, as amended by the First Amendment and Consent thereto dated as of May 12, 2011, the Second Amendment thereto dated as of October 2, 2012 and the Third Amendment thereto dated as of October 31, 2012 (as so amended, and as further amended, restated or otherwise modified from time to time, the “Credit Agreement”); and

WHEREAS, the parties hereto have agreed to make certain amendments to and consents under the Credit Agreement as provided for herein;

NOW THEREFORE, in consideration of the premises and the mutual covenants, representations and warranties contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

Section 1. Defined Terms. Unless otherwise defined in this Amendment, each capitalized term used in this Amendment has the meaning given such term in the Credit Agreement.

Section 2. Consent. The Administrative Agent and the Lenders hereby consent to the disposition in one or more transactions of (x) all of the Oil and Gas Properties described on Exhibit A attached hereto (the “CLAETX Properties”) and (y) up to 50% of the Borrowers’ and their respective Subsidiaries’ interests in the Oil and Gas Properties described on Exhibit B attached hereto (the “Fasken Properties”) and agree that such dispositions (collectively, the “Asset Sales”) shall not constitute a Default or Event of Default under Section 7.1(b) of the Credit Agreement as a result of a violation of Section 6.4 of the Credit Agreement; provided, that

(a)notwithstanding the consent set forth in this Section 2, each Asset Sale shall be included in the calculation of the dispositions permitted under Section 6.4(e) of the Credit Agreement, (b) notwithstanding the consent set forth in this Section 2, each Asset Sale shall trigger an automatic reduction of the Borrowing Base pursuant to Section 2.11(e) of the Credit Agreement, (c) the sum of the Loan Balance and the L/C Exposure does not exceed the Borrowing Base before or after giving effect to any such Asset Sale, any automatic reduction in the Borrowing Base pursuant to Section 2.11(e) and any mandatory prepayment pursuant to Section 2.12(b), (d) no Default or Event of Default has occurred and is continuing before or after giving effect to any such Asset Sale and (e) in connection with each Asset Sale, the Borrowers enter into a letter of intent, definitive purchase and sale agreement, or another similar instrument for the Asset Sale

prior to the one-year anniversary of the Effective Date of this Amendment. The express consent set forth in this Section 2 is limited to the extent described herein and shall not be construed to be a consent to or a permanent waiver of any terms, provisions, covenants, warranties or agreements contained in the Credit Agreement or in any of the other Loan Documents, unless expressly provided so herein. The Administrative Agent and the Lenders reserve the right to exercise any rights and remedies available to them in connection with any present or future defaults with respect to the Credit Agreement or any other provision of any Loan Document.

(h)Exhibit IV to the Credit Agreement (Form of Compliance Certificate and Hedging Report) is hereby amended and restated in its entirety in the form of Exhibit IV attached hereto.

Section 4. Borrowing Base Reaffirmation. The Administrative Agent hereby notifies the Borrowers, and the undersigned Lenders hereby agree and acknowledge, that the amount of the Borrowing Base has been reaffirmed by the Administrative Agent and the Lenders in accordance with Section 2.11(b) and (c) of the Credit Agreement, and has been set by the Administrative Agent and the Lenders at $450,000,000, effective as of the Effective Date. The Borrowing Base shall remain in effect at such level until the Borrowing Base is redetermined or otherwise adjusted in accordance with the terms of the Credit Agreement.

Section 5. Conditions to Effectiveness. This Amendment shall become effective as of the Effective Date upon the satisfaction of the following conditions precedent:

(a)the Administrative Agent shall have received counterparts hereof duly executed by each Borrower, the Administrative Agent and the Required Lenders; and

(b)the Administrative Agent shall have received counterparts of the attached Acknowledgment and Reaffirmation duly executed by each Guarantor.

Section 6. Representations and Warranties. Each Borrower hereby represents and warrants that after giving effect hereto:

(a)the representations and warranties of the Borrowers contained in the Loan Documents are true and correct in all material respects on and as of the Effective Date, other than those representations and warranties that expressly relate solely to a specific earlier date, which shall remain correct as of such earlier date; and

(a)The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender, the Issuing Bank or the Administrative Agent under any of the Loan Documents, nor, except as expressly provided herein, constitute a waiver or amendment of any provision of any of the Loan Documents.

(b)Upon and after the execution of this Amendment by each of the parties hereto, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as modified hereby.

(c)This Amendment is a Loan Document executed pursuant to the Credit Agreement and shall (unless otherwise expressly indicated herein) be construed, administered and applied in accordance with the terms and provisions thereof.

(d)Except as specifically modified above, the Credit Agreement and the other Loan Documents are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed.

Section 8. Governing Law. This Amendment shall be deemed to be made under and shall be construed in accordance with and governed by the laws of the State of Texas without giving effect to principles thereof relating to conflicts of law; provided, however, that Chapter 345 of the Texas Finance Code (which regulates certain revolving credit loan accounts and revolving triparty accounts) shall not apply.

Section 9. Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Transmission by facsimile of an executed counterpart of this Amendment shall be deemed to constitute due and sufficient delivery of such counterpart.

Section 10. ENTIRE AGREEMENT. THIS AMENDMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

JPMORGAN CHASE BANK, N.A.

By: /s/ Jo Linda Papadakis

Name: Jo Linda Papadakis

Title: Authorized Officer     

By:/s/Ellen Cheng

Name: Ellen Cheng

Title: Assistant Vice President     

By: /s/ Les Werme

Name: Les Werme

Title: Vice President     

By: /s/ Kristan Spivey

Name: Kristan Spivey

Title: Authorized Signatory     

By: /s/ H. Brock Hudson

Name: H. Brock Hudson

Title: Senior Vice President     

By: /s/ Jason Klesel

Name: Jason Klesel

Title: Commercial Banking Officer     

By: /s/Mark E. Thompson

Name: Mark E. Thompson

Title: Senior Vice President     

By: /s/ Ryan K. Michael     

Name: Ryan K. Michael     

Title: Senior Vice President     

By: /s/ Trudy Nelson

Name: Trudy Nelson

Title: Authorized Signatory     

By:/s/Daria Mahoney

Name: Daria Mahoney     

Title: Authorized Signatory     

By: /s/ Rachel Bowman     

Name: Rachel Bowman     

Title: Vice President     

By: /s/ David E. Sisler     

Name: David E. Sisler     

Title: Senior Vice President

(i) acknowledges receipt of a copy of the foregoing Fourth Amendment and Consent dated as of

_April 30, , 2014 among Swift Energy Company, Swift Energy Operating, LLC, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent for such lenders (in such capacity, the “Administrative Agent”) and (ii) reaffirms its obligations under the Guaranty Agreement dated as of September 21, 2010 by the Guarantors in favor of the Administrative Agent for the benefit of the Secured Parties (as defined therein).