SOUTHWESTERN ENERGY COMPANY

November 1, 1997 33-63895



Filed Pursuant to Rule 424(b) (3)
Registration No. 33-63895
PRICING SUPPLEMENT NO. 1, dated April 28, 1997
(To Prospectus dated November 20, 1995 and
Prospectus Supplement dated February 21, 1997)
$125,000,000
SOUTHWESTERN ENERGY COMPANY
MEDIUM-TERM NOTES
Due More Than Nine Months From Date of Issue
7.625% Fixed Rate Notes due May 1, 2027
FACE AMOUNT: $60,000,000.00
ISSUE PRICE: 99.574% of the Face Amount
ORIGINAL ISSUE DATE: May 1, 1997
MATURITY DATE: May 1, 2027
INTEREST RATE: 7.625%, per annum, computed on the
basis of a 360-day year of twelve
30-
day months and payable semiannually
INTEREST PAYMENT DATES: May 1 and November 1, commencing
November 1, 1997
FORM: X Book Entry Certificated
----- -----
REPAYMENT: ( ) The Offered Notes are not
repayable at the noteholder's
option prior to maturity.
( X ) The Offered Notes may be
repaid prior to maturity at
the noteholder's option.
Optional Repayment Date: May 1, 2009
2003. EDGAR Online, Inc.

REDEMPTION: ( X ) The Offered Notes cannot be
redeemed prior to maturity
at
the Company's option.
( ) The Offered Notes may be
redeemed prior to maturity
at
the Company's option.
Initial Redemption Date: N/A
AGENT'S COMMISSION: .625% (equal to $375,000.00)
NET PROCEEDS
TO THE COMPANY: $59,369,400.00
PLAN OF DISTRIBUTION
The Company is selling the Offered Notes to Morgan Stanley & Co. Incorporated, Merrill Lynch & Co., Merrill Lynch, Pierce, Fenner & Smith
Incorporated and NationsBanc Capital Markets, Inc., as principals (the "Agents"), at a discount for resale to one or more investors at the Issue
Price shown above. Each of the Agents may be deemed an "underwriter" within the meaning of the Securities Act in respect of such resales.
The Company is obligated to sell, and the Agents are obligated to purchase, all of the Offered Notes if any are purchased.
The Company has agreed to indemnify the Agents against and contribute toward certain liabilities, including liabilities under the Securities Act.
The Offered Notes are a new issue of securities with no established trading market. The Company has been advised that the Agents may make a
market in the Offered Notes, but are not obligated to do so and may discontinue any market making at any time without notice. No assurance
can be given that there will be a secondary market for the Offered Notes.
The Agents may engage in transactions with and perform services for the Company in the ordinary course of business.
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2003. EDGAR Online, Inc.

End of Filing
2003. EDGAR Online, Inc.