-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SW4oTFbnyn1DK2Lv3Ew+ANZxdAQpxCenw6RdOupu0Txy8lqU46d3hUHEeKPgSEOo NvOPRwVvfcpwuDEx+5Ndng== 0000007332-99-000022.txt : 19991021 0000007332-99-000022.hdr.sgml : 19991021 ACCESSION NUMBER: 0000007332-99-000022 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19991019 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19991020 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHWESTERN ENERGY CO CENTRAL INDEX KEY: 0000007332 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION & DISTRIBUTION [4923] IRS NUMBER: 710205415 STATE OF INCORPORATION: AR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-08246 FILM NUMBER: 99731219 BUSINESS ADDRESS: STREET 1: 1083 SAIN ST STREET 2: P O BOX 1408 CITY: FAYETTEVILLE STATE: AR ZIP: 72702-1408 BUSINESS PHONE: 5015211141 FORMER COMPANY: FORMER CONFORMED NAME: ARKANSAS WESTERN GAS CO DATE OF NAME CHANGE: 19790917 8-K 1 DATE OF REPORT 10/19/99 =================================================================== 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) October 19, 1999 ---------------- 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.) 1083 Sain Street, P.O. Box 1408, Fayetteville, Arkansas 72702-1408 (Address of principal executive offices, including zip code) (501) 521-1141 (Registrant's telephone number, including area code) No Change (Former name, former address and former fiscal year; if changed since last report) =================================================================== Item 5. Other Events - ------------ Reference is made to the press release issued October 19, 1999, filed herewith as Exhibit 1. Item 7.(c) Exhibits Reference - -------- --------- (1) Press release dated October 19, 1999 p. 3 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: October 19, 1999 BY: /s/ GREGORY D. KERLEY ----------------- ------------------------- Gregory D. Kerley Senior Vice President -- Finance and Chief Financial Officer EX-99 2 PRESS RELEASE DATED 10/19/99 NEWS RELEASE For Further Information Contact: Greg D. Kerley Senior Vice President and Chief Financial Officer (501) 521-1141 SOUTHWESTERN ANNOUNCES SALE OF MISSOURI UTILITY PROPERTIES Sale Strengthens Focus on Adding Value From Core Areas of Operation FAYETTEVILLE, ARKANSAS - October 19, 1999...Southwestern Energy Company (NYSE: SWN) announced today that it has signed a definitive agreement to sell its Missouri gas distribution assets to Atmos Energy Corporation (NYSE: ATO) for $32.0 million. The transaction is subject to regulatory approval from the Missouri Public Service Commission and the Federal Energy Regulatory Commission and compliance with the Hart-Scott-Rodino Act. The Missouri assets are part of Associated Natural Gas Company (Associated), a division of Arkansas Western Gas Company, which is a wholly-owned subsidiary of Southwestern. In Missouri, Associated employs 91 people and serves approximately 48,000 residential, commercial and industrial customers, primarily located near the towns of Sikeston, Kirksville, Butler and Jackson. Arkansas Western Gas Company serves approximately 131,000 customers in Arkansas and will continue to own and operate Associated's assets that are located in that state. "The sale of our Missouri utility properties is part of our ongoing strategy to focus our efforts in core operating areas where we have a competitive advantage. In addition, this transaction will reduce our long-term debt and strengthen our capital structure," stated Harold M. Korell, President and Chief Executive Officer of Southwestern. "We are grateful for the dedication and hard work of all our Associated employees and want to express special thanks to our Missouri employees that will now become a part of Atmos." "This transaction is consistent with Atmos' long-term corporate development strategy of increasing the value of the Company through strategic acquisitions," said Robert W. Best, Chairman, President and Chief Executive Officer of Atmos Energy Corporation. "The addition of Southwestern Energy's 48,000 customers in Missouri increases our presence in that state and provides economies of scale which will result in a greater competitive advantage." Southwestern Energy Company is an integrated natural gas company whose wholly-owned subsidiaries are engaged in gas and oil exploration and production, natural gas gathering, transmission, and marketing, and natural gas distribution. Additional information on the Company can be found on the Internet at http://www.swn.com. # # # -----END PRIVACY-ENHANCED MESSAGE-----