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)
11/21/2012
(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 11/15/2012   J(1) V 14,077 A $ 0 14,077 I By Harold M. Korell Grat; Harold M. Korell Trustee
Common Stock 11/15/2012   J(1) V 14,077 D $ 0 47,165 I by 2009 Family Limited Partnership (Ityme)
Common Stock 11/15/2012   J(1) V 14,077 A $ 0 14,077 I By Pat M. Korell Grat; Harold M. Korell Trustee
Common Stock 11/15/2012   J(1) V 14,077 D $ 0 33,088 I by 2009 Family Limited Partnership (Ityme)
Common Stock 11/19/2012   J(2) V 14,077 D $ 0 0 I By Harold M. Korell Grat; Harold M. Korell Trustee
Common Stock 11/19/2012   J(2) V 14,077 A $ 0 129,691 D  
Common Stock 11/19/2012   J(2) V 14,077 D $ 0 0 I By Pat M. Korell Grat; Harold M. Korell Trustee
Common Stock 11/19/2012   J(2) V 14,077 A $ 0 143,768 D  
Common Stock 11/21/2012   M   50,000 A $ 1.4325 193,768 D  
Common Stock 11/21/2012   S   50,000 D $ 36.2219 (3) 143,768 D  
Common Stock               819,704 I By Family Limited Partnership
Common Stock               616,270 I by 2011 Family Limited Partnership (Keepsake)
Common Stock               838,694 I by 2011 Family Limited Partnership (Peacetyme)

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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 11/21/2012   M     50,000 12/11/2003 12/11/2012 Common Stock 50,000 $ 0 50,000 I By 2011 Family Limited Partnership (Peacetyme)

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   11/23/2012
**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) On November 15, 2012, 28,154 shares of stock were transferred out of the Family Limited Partnership ("FLP") into individual Grantor Retained Annuity Trust ("GRAT") accounts for the reporting person and his wife. The individual GRAT accounts each contain 14,077 shares of stock. The reporting person will remain the Trustee for each GRAT account, and will continue to have indirect beneficial ownership of the stock.
(2) On November 19, 2012, 14,077 shares of stock held in the Grantor Retained Annuity Trust ("GRAT") for the reporting person (the "HMK GRAT") and 14,077 shares of stock held in the GRAT account for his spouse (the "PMK GRAT") were transferred out of the respective GRAT accounts and registered in the name of the reporting person and his spouse. Therefore, the reporting person now has direct beneficial ownership of the stock.
(3) This transaction was executed in multiple trades at prices ranging from $36.13 to $36.34. 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.

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