Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL 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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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. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2011
(Street)


HOUSTON, TX 77032		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(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 at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock 12/22/2011   J(1) 117,650 D $ 0 115,614 D  
Common Stock 12/22/2011   J(1) 117,650 A $ 0 634,570 I by 2011 Family Limited Partnership (Keepsake)
Common Stock             834,654 I By Family Limited Partnership
Common Stock             61,242 I by 2009 Family Limited Partnership (Ityme)
Common Stock             838,694 I by 2011 Family Limited Partnership (Peacetyme)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

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 at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to Buy) $ 1.435           12/11/2003 12/11/2012 Common Stock
690,192
  690,192
I
By 2011 Family Limited Partnership (Peacetyme)
Stock Options (Right to Buy) $ 2.645           12/10/2004 12/10/2013 Common Stock
451,598
  451,598
I
by 2011 Family Limited Partnership (Peacetyme)
Stock Options (Right to Buy) $ 17.745           12/08/2006 12/08/2012 Common Stock
116,285
  116,285
I
by 2011 Family Limited Partnership (Peacetyme)
Stock Options (Right to Buy) $ 20.335           12/11/2007 12/11/2013 Common Stock
117,083
  117,083
I
by 2011 Family Limited Partnership (Peacetyme)
Stock Options (Right to Buy) $ 27.18           12/13/2008 12/13/2014 Common Stock
75,301
  75,301
I
by 2011 Family Limited Partnership (Peacetyme)
Stock Options (Right to Buy) $ 30.68           12/11/2009 12/11/2015 Common Stock
93,790
  93,790
I
by 2011 Family Limited Partnership (Peacetyme)
Stock Options (Right to Buy) $ 40.73           12/10/2010 12/10/2016 Common Stock
3,960
  3,960
I
by 2011 Family Limited Partnership (Peacetyme)
Stock Options (Right to Buy) $ 36.22           12/09/2011 12/09/2017 Common Stock
4,550
  4,550
D
 
Stock Options (Right to Buy) $ 36.87           12/08/2012 12/08/2018 Common Stock
4,450
  4,450
D
 

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 02/13/2012
**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 December 22, 2011, the reporting person transferred 117,650 shares of Southwestern Energy Company stock into a 2011 Family Limited Partnership (the "2011 FLP Keepsake"). The reporting person controls the general partner of the 2011 FLP Keepsake and therefore, has indirect beneficial ownership of the transferred shares.

Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure.

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