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Press release from PR Newswire

Southwestern Energy Announces Closing Of Acquisition Of Marcellus Shale Properties

Friday, May 17, 2013

Southwestern Energy Announces Closing Of Acquisition Of Marcellus Shale Properties

08:00 EDT Friday, May 17, 2013

HOUSTON, May 17, 2013 /PRNewswire/ -- Southwestern Energy Company (NYSE: SWN) announced today that it has closed its recently announced acquisition of approximately 162,000 net acres in the Marcellus Shale in Pennsylvania. The properties were acquired from Chesapeake Energy Corporation (NYSE: CHK) and its partner for approximately $93 million, excluding purchase price adjustments. Southwestern has financed the acquisition with its revolving credit facility.

Southwestern Energy Company is an independent energy company whose wholly-owned subsidiaries are engaged in oil and gas exploration and production, natural gas gathering and marketing. Additional information on the company can be found on the Internet at http://www.swn.com.

SOURCE Southwestern Energy Company

For further information: R. Craig Owen, Senior Vice President and Chief Financial Officer, (281) 618-2808, or Brad D. Sylvester, CFA, Vice President, Investor Relations, (281) 618-4897

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