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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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 29, 1998
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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)
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Item 5.
Other Events
Reference is made to the press release issued October 29, 1998, filed
herewith as Exhibit 1.
Item 7.(c)
Exhibits Reference
(1) Press release dated October 29, 1998 p. 3
SIGNATURES
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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
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(Registrant)
DATE: October 30, 1998 BY: /s/ GREGORY D. KERLEY
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Gregory D. Kerley
Senior Vice President -- Finance
and Chief Financial Officer
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NEWS RELEASE
FOR IMMEDIATE RELEASE For Further Information Contact:
Greg D. Kerley
Senior Vice President and
Chief Financial Officer
(501) 521-1141
SOUTHWESTERN ENERGY ANNOUNCES EXECUTIVE CHANGES
Harold Korell to Assume CEO Responsibilities Effective January 1, 1999;
Charles Scharlau to Remain as Chairman
Fayetteville, Arkansas--October 29, 1998...Southwestern Energy Company
(NYSE: SWN) announced today at a scheduled Board meeting that in accordance with
the Board of Directors planned succession strategy, Charles E. Scharlau will be
succeeded by Harold Korell as Chief Executive Officer of the Company effective
January 1, 1999. Mr. Korell was also elected to Southwestern's Board of
Directors effective immediately. He has been serving as President and Chief
Operating Officer of Southwestern since May of this year.
Mr. Scharlau will continue as a Director and Chairman of the Board.
He will be particularly involved in the Company's
efforts to reverse a recent jury verdict adverse to the Company's interest.
"Harold's knowledge of exploration and natural gas operations combined
with his experience, vision and leadership capabilities have been and will
continue to be an important asset for the Company," said Mr. Scharlau. "I
express appreciation to the shareholders of Southwestern for allowing me the
privilege of leading the Company and to its Board of Directors and employees for
their support over my many years of service with Southwestern."
Prior to joining Southwestern, Mr. Korell was Senior Vice President,
Operations for American Exploration Company. He has also held management and
technical positions at McCormick Resources, Tenneco Oil Company and Mobil
Corporation. He received a Professional Degree in Chemical and Petroleum
Engineering from the Colorado School of Mines.
Southwestern Energy Company is an integrated natural gas company
engaged in gas and oil exploration and production, natural gas gathering,
transmission, and marketing and natural gas distribution.
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