Southwestern Energy Pledges $200,000 Towards UA Community College Petroleoum Technology Program

UA Community College at Morrilton develops Associate degree to meet the demands of expected workforce needs in the Fayetteville Shale play region.
April 18, 2006 – As a part of its leadership role in the growing Fayetteville Shale play area, Southwestern Energy Company (NYSE: SWN) today announced a three-year pledge totaling $200,000 to the University of Arkansas Community College at Morrilton. The funds will fuel efforts to develop the College’s new Associate of Applied Science degree in Petroleum Technology.
The degree program has been approved by the UACCM Board of Visitors and the University of Arkansas Board of Trustees and will undergo review for final approval by the Arkansas Department of Higher Education on April 28.
“With companies like Southwestern Energy rapidly expanding their operations in Arkansas, we recognized the growing demand for a course designed to meet the needs of the oil and gas industry in our state,” stated Nathan Crook, Chancellor of UACCM  “We’re especially grateful to Southwestern Energy for its ground-breaking sponsorship of the program, which will have a positive impact not only for the college and our students, but the surrounding communities as well,” added Chancellor Crook.
Curriculum for the associate degree is currently being developed in consultation with representatives from the industry, with Southwestern Energy leading the effort.  Course electives within the program will range from general education and introduction into the crude oil and natural gas industry to drilling and production operations.  The degree requires students to take 62 credit hours in order to complete.  “Southwestern Energy has been operating in Arkansas for over 75 years, and we are deeply committed to growing our business in partnership with the local community so that everyone benefits.  Knowledge of health and safety requirements, along with a good understanding of the oil and gas industry, will be crucial in order for our local workforce to participate in the economic growth being generated by the increased level of exploration activity within the state,” stated John D. Thaeler, Senior Vice President of SEECO, Inc., a wholly-owned subsidiary of Southwestern Energy.  “We applaud the vision of the Board of Trustees of the University of Arkansas for positioning this program on a fast-track and have high expectations for its success,” added Thaeler.  
Southwestern Energy is credited with being the first company to successfully produce gas from the Fayetteville Shale.  As of April 3, 2006, Southwestern Energy held approximately 875,000 net acres in the Fayetteville Shale play area, equivalent to over 1,300 square miles, and had spud a total of 132 wells in the play in Cleburne, Conway, Faulkner, Franklin, Johnson, Pope and Van Buren counties.  
Southwestern Energy Company is an integrated natural gas company whose wholly-owned subsidiaries are engaged in oil and gas 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.
For more information, contact:
John D. Thaeler Senior Vice President, SEECO, Inc.
(479) 582-8440 
Brad D. Sylvester, CFAManager, Investor Relations
(281) 618-4897

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