8-K

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 (Date of earliest event reported)   March 5, 2003
SOUTHWESTERN ENERGY COMPANY
(Exact name of registrant as specified in its charter)
Arkansas	1-8246	71-0205415
(State of incorporation	(Commission	(I.R.S. Employer
or organization)	File Number)	Identification No.)
2350 N. Sam Houston Pkwy. E., Suite 300, Houston, Texas 77032
(Address of principal executive offices, including zip code)
(281) 618-4700
(Registrant's telephone number, including area code)
No Change
(Former name, former address and former fiscal year; if changed since last report)
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Item 5.

Other Events

Southwestern Energy Company announced on March 5, 2003 that its recent successful public offering of common stock raised net proceeds of approximately $89.8 million. Southwestern sold a total of 8,250,000 shares at a price of $11.50 per share and has granted the underwriters a 30-day option to purchase up to an additional 1,237,500 shares of common stock to cover over-allotments, if any. For additional information see exhibit 99.1.

Item 7.(c)    

Exhibits

(99.1) Press release dated March 5, 2003, announcing the closing of Southwestern Energy Company's common stock offering.

SIGNATURES

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, thereunto duly authorized.

		SOUTHWESTERN ENERGY COMPANY
		Registrant
DATE:	March 7, 2003	BY:	/s/ GREG D. KERLEY
			Greg D. Kerley
			Executive Vice President
			and Chief Financial Officer

Exhibit Index
Exhibit No.	Description
99.1	Press release dated March 5, 2003, announcing the closing of Southwestern Energy Company's common stock offering.

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EX-99

EXHIBIT 99.1

2350 N. Sam Houston Parkway East
Suite 300
Houston, Texas 77032
(281) 618--4700      Fax: (281) 618-4820

NEWS RELEASE

SOUTHWESTERN ENERGY ANNOUNCES CLOSING OF
COMMON STOCK OFFERING

        Houston, Texas - March 5, 2003...Southwestern Energy Company (NYSE: SWN) announced today that its recent successful public offering of common stock raised net proceeds of approximately $89.8 million. Southwestern sold a total of 8,250,000 shares at a price of $11.50 per share. Southwestern has granted the underwriters a 30-day option to purchase up to an additional 1,237,500 shares of common stock to cover over-allotments, if any.

        Net proceeds from the offering will be used to accelerate the development drilling of the Company's Overton Field in East Texas and for general corporate purposes. RBC Capital Markets acted as lead manager for the offering and Raymond James, Johnson Rice & Company L.L.C. and Hibernia Southcoast Capital acted as co-managers.

        Southwestern Energy Company is an independent energy company primarily focused on the exploration for and production of natural gas. Additional information on the Company can be found on the Internet at http://www.swn.com.

Contacts: Greg D. Kerley
Executive Vice President
and Chief Financial Officer
((281) 618-4803 Brad D. Sylvester, CFA
Manager, Investor Relations
(281) 618-4897

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