UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                            -------------------------

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

     Date of Report (or Date of Earliest Event Reported): December 21, 2006


                              SWIFT ENERGY COMPANY
             (Exact name of Registrant as specified in its charter)



            TEXAS                        1-8754                 20-3940661
 (State or other jurisdiction     (Commission File Number)   (I.R.S. Employer
       of incorporation)                                     Identification No.)


                        16825 Northchase Drive, Suite 400
                              Houston, Texas 77060
                    (Address of principal executive offices)

                                 (281) 874-2700
                         (Registrant's telephone number)

                                 Not Applicable
          (Former Name or former address, if changed since last report)



Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2 below):

__   Written  communications  pursuant to Rule 425 under the  Securities Act (17
     CFR 230.425)

__   Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

__   Pre-commencement   communications  pursuant  to  Rule  14d-2(b)  under  the
     Exchange Act (17 CFR 240.14d-2(b))

__   Pre-commencement   communications  pursuant  to  Rule  13e-4(c)  under  the
     Exchange Act (17 CFR 240.13e-4(c))



Item 1.01.  Entry Into a Material Definitive Agreement
            ------------------------------------------

     On December 21, 2006, Swift Energy Company (the "Company")  entered into an
Amendment  No.  2 to  Rights  Agreement  ("Amendment  No.  2"),  to  its  Rights
Agreement,  dated as of August 1, 1997,  as amended and restated as of March 31,
1999,  and as  amended on  December  12,  2005 (the  "Rights  Agreement"),  with
American Stock Transfer & Trust Company as Rights Agent (the "Rights  Agent") to
extend the expiration  date of the Company's  Rights  Agreement and to amend the
purchase price upon exercise of each right. The Rights Agreement  originally had
an expiration date of July 31, 2007, but with the amendment has been extended to
December 20, 2016.  The amendment also increases the purchase price from $150 to
$250 for each one  one-thousandth of a share of preferred stock purchasable upon
exercise of each right.

The full text of Amendment No. 2 is filed as Exhibit 4.1 to this Current  Report
on Form 8-K and incorporated herein by reference.


Item 9.01   Financial Statements and Exhibits
            ---------------------------------

(d)  Exhibit.   The following is furnished as an exhibit to this report:


     Exhibit No.     Exhibit Description
     -----------     -------------------
                               
       *4.1          Amendment No. 2 to Rights Agreement  dated  as  of  December
                     21, 2006 between Swift Energy Company  and  American  Stock
                     Transfer & Trust Company.

---------------
*Filed herewith






                                   SIGNATURE

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

Date: December 21, 2006

                                         Swift Energy Company


                                         By:/s/ Bruce H. Vincent
                                            ------------------------------
                                            Bruce H. Vincent
                                            President





                                 EXHIBIT INDEX


Exhibit No.     Exhibit Description
-----------     -------------------

4.1             Amendment  No. 2  to  Rights  Agreement dated as of December 21,
                2006 between Swift Energy Company and American Stock Transfer  &
                Trust Company.