Southwestern Energy Company Commences Registered Exchange Offer

       Southwestern Energy Company Commences Registered Exchange Offer

PR Newswire

HOUSTON, Nov. 29, 2012

HOUSTON, Nov. 29, 2012 /PRNewswire/ -- Southwestern Energy Company, (the
"Company"), (NYSE: SWN), today announced the commencement of an exchange offer
for up to $1,000,000,000 aggregate principal amount of its 4.10% Senior Notes
due 2022 (the "Original Notes"), which are not registered under the Securities
Act of 1933, as amended (the "Act"), for an equal principal amount of its
4.10% Senior Notes due 2022, which have been registered under the Act (the
"New Notes"). The exchange offer will commence on November 29,2012 and
expire at 5:00 p.m. New York City time, on December 28, 2012 (the "Expiration
Date").

The New Notes are substantially identical to the Original Notes, except that
the New Notes have been registered under the Act, and will not bear any legend
restricting their transfer.

The Company will accept for exchange any Original Notes validly tendered and
not withdrawn prior to the Expiration Date, unless the exchange offer is
extended or terminated.

The terms of the exchange offer and other information relating to the Company
are set forth in a prospectus dated November 29, 2012. A written prospectus
providing the terms of the exchange offer may be obtained from Wells Fargo
Bank, National Association, which is serving as the exchange agent for the
exchange offer. Wells Fargo Bank, National Association can be contacted at:

Wells Fargo Bank, National Association
MAC N9303-121
Sixth & Marquette Avenue
Minneapolis, Minnesota 55479
Attention: Corporate Trust Operations
Facsimile: (612) 667-6282
Telephone: (800) 344-5128

This press release does not constitute an offer to purchase any securities or
the solicitation of an offer to sell any securities. The exchange offer is
being made only pursuant to the prospectus dated November 29, 2012 and the
related letter of transmittal and only to such persons and in such
jurisdictions as is permitted under applicable law.

Southwestern Energy Company is an independent company whose wholly-owned
subsidiaries are engaged in oil and gas exploration and production, natural
gas gathering and marketing. Additional information on the company can be
found on the Internet at http://www.swn.com.

All statements, other than historical facts and financial information, may be
deemed to be forward-looking statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. All statements that address activities,
outcomes and other matters that should or may occur in the future, including,
without limitation, statements regarding the financial position, business
strategy, production and reserve growth and other plans and objectives for the
company's future operations, are forward-looking statements.

Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results or
developments may differ materially from those in the forward-looking
statements. The Company has no obligation and makes no undertaking to publicly
update or revise any forward-looking statements, other than to the extent set
forth below. You should not place undue reliance on forward-looking
statements. They are subject to known and unknown risks, uncertainties and
other factors that may affect the Company's operations, markets, products,
services and prices and cause its actual results, performance or achievements
to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking statements. In
addition to any assumptions and other factors referred to specifically in
connection with forward-looking statements, risks, uncertainties and factors
that could cause the Company's actual results to differ materially from those
indicated in any forward-looking statement include, but are not limited to:
the timing and extent of changes in market conditions and prices for natural
gas and oil (including regional basis differentials); the Company's ability to
transport its production to the most favorable markets or at all; the timing
and extent of the Company's success in discovering, developing, producing and
estimating reserves; the economic viability of, and the Company's success in
drilling, the Company's large acreage position in the Fayetteville Shale play,
overall as well as relative to other productive shale gas areas; the Company's
ability to fund the Company's planned capital investments; the impact of
federal, state and local government regulation, including any legislation
relating to hydraulic fracturing, the climate or over the counter derivatives;
the Company's ability to determine the most effective and economic fracture
stimulation for the Fayetteville Shale play and the Marcellus Shale play; the
costs and availability of oil field personnel services and drilling supplies,
raw materials, and equipment and services; the Company's future property
acquisition or divestiture activities; increased competition; the financial
impact of accounting regulations and critical accounting policies; the
comparative cost of alternative fuels; conditions in capital markets, changes
in interest rates and the ability of the Company's lenders to provide it with
funds as agreed; credit risk relating to the risk of loss as a result of
non-performance by the Company's counterparties and any other factors listed
in the reports the Company has filed and may file with the Securities and
Exchange Commission (SEC). For additional information with respect to certain
of these and other factors, see the reports filed by the Company with the SEC.
The Company disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.

SOURCE Southwestern Energy Company

Website: http://www.swn.com
Contact: R. Craig Owen, Senior Vice President and Chief Financial Officer,
+1-281-618-2808, or Brad D. Sylvester, CFA, Vice President, Investor
Relations, +1-281-618-4897
 
Press spacebar to pause and continue. Press esc to stop.