Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN 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 *
KORELL HAROLD M
  2. Issuer Name and Ticker or Trading Symbol
SOUTHWESTERN ENERGY CO [SWN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
SUITE 125, 2350 N. SAM HOUSTON PARKWAY EAST
3. Date of Earliest Transaction (Month/Day/Year)
11/03/2011
(Street)

HOUSTON, TX 77032
4. If Amendment, Date Original Filed(Month/Day/Year)
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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/03/2011   S   23,600 D $ 42.3915 (1) 834,654 I By Family Limited Partnership
Common Stock               80,696 I by 2009 Family Limited Partnership
Common Stock               838,694 I by 2011 Family Limited Partnership
Common Stock               704,920 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to Buy) $ 1.435 11/03/2011   J(2) V   690,192 12/11/2003 12/11/2012 Common Stock 690,192 $ 1.435 0 D  
Stock Options (Right to Buy) $ 1.435 11/03/2011   J(2) V 690,192   12/11/2003 12/11/2012 Common Stock 690,192 $ 1.435 690,192 I By 2011 Family Limited Partnership
Stock Options (Right to Buy) $ 2.645 11/03/2011   J(2) V   451,598 12/10/2004 12/10/2013 Common Stock 451,598 $ 2.645 0 D  
Stock Options (Right to Buy) $ 2.645 11/03/2011   J(2) V 451,598   12/10/2004 12/10/2013 Common Stock 451,598 $ 2.645 451,598 I by 2011 Family Limited Partnership
Stock Options (Right to Buy) $ 17.745 11/03/2011   J(2) V   116,285 12/08/2006 12/08/2012 Common Stock 116,285 $ 17.745 0 D  
Stock Options (Right to Buy) $ 17.745 11/03/2011   J(2) V 116,285   12/08/2006 12/08/2012 Common Stock 116,285 $ 17.745 116,285 I by 2011 Family Limited Partnership
Stock Options (Right to Buy) $ 20.335 11/03/2011   J(2) V   117,083 12/11/2007 12/11/2013 Common Stock 117,083 $ 20.335 0 D  
Stock Options (Right to Buy) $ 20.335 11/03/2011   J(2) V 117,083   12/11/2007 12/11/2013 Common Stock 117,083 $ 20.335 117,083 I by 2011 Family Limited Partnership
Stock Options (Right to Buy) $ 27.18 11/03/2011   J(2) V   75,301 12/13/2008 12/13/2014 Common Stock 75,301 $ 27.18 0 D  
Stock Options (Right to Buy) $ 27.18 11/03/2011   J(2) V 75,301   12/13/2008 12/13/2014 Common Stock 75,301 $ 27.18 75,301 I by 2011 Family Limited Partnership
Stock Options (Right to Buy) $ 30.68 11/03/2011   J(2) V   93,790 12/11/2009 12/11/2015 Common Stock 93,790 $ 30.68 0 D  
Stock Options (Right to Buy) $ 30.68 11/03/2011   J(2) V 93,790   12/11/2009 12/11/2015 Common Stock 93,790 $ 30.68 93,790 I by 2011 Family Limited Partnership
Stock Options (Right to Buy) $ 40.73 11/03/2011   J(2) V   3,960 12/10/2010 12/10/2016 Common Stock 3,960 $ 40.73 0 D  
Stock Options (Right to Buy) $ 40.73 11/03/2011   J(2) V 3,960   12/10/2010 12/10/2016 Common Stock 3,960 $ 40.73 3,960 I by 2011 Family Limited Partnership

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
KORELL HAROLD M
SUITE 125
2350 N. SAM HOUSTON PARKWAY EAST
HOUSTON, TX 77032
  X      

Signatures

 /s/ Melissa D. McCarty, Attorney-in-Fact for Mr. Korell   11/07/2011
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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) This transaction was executed in multiple trades at prices ranging from $42.3152 to $42.48. The price reported above in Column 4 reflects the weighted average sale price. The reporting person hereby undertakes to provide, upon written request, to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected.
(2) On November 3, 2011, all vested and outstanding nonqualified stock options were transferred into a Family Limited Partnership (the "2011 FLP"). The reporting person controls the general partner of the 2011 FLP and therefore, has indirect beneficial ownership of the transferred options.

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