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Energen Resources Corp

Energen Resources Corp
(EGN)

Company History


Energen Corporation's oil and gas exploration and production subsidiary, Energen Resources Corporation, is a Top 20 U.S. independent producer on the basis of domestic reserves. Energen Resources contributes more than 85 percent of Energen's net income. The dramatic expansion of Energen Resources operations has translated into an impressive history of stock price appreciation and earnings growth for Energen.

The bulk of Energen Resources' 1.75 trillion cubic feet equivalent of natural gas, oil and natural gas liquids reserves are in the San Juan Basin in New Mexico and Colorado, the Permian Basin in west Texas, and the Black Warrior Basin in Alabama. Energen Resources also has another 1.9 Tcfe of probable and possible reserves and is pursuing the exploration of multiple shale opportunities in Alabama in conjunction with Chesapeake Energy Corporation.

Over the last 12 years, Energen Resources has invested approximately $2.7 billion to acquire and develop 2.6 Tcfe of U.S. reserves. The company’s reserve additions have added 54 percent to its as-acquired reserves and outpaced cumulative production of more than 850 billion cubic feet equivalent. Over the next several years, Energen Resources expects to generate organic production growth of 4 percent to 5 percent a year by accelerating the development of its probable and possible reserve inventory.

During 2007, Energen Resources stepped up its capital investment to accelerate production, and ended up achieving better-than-expected results from its horizontal drilling program in the San Juan Basin. As a result, 2007 annual production increased 3 percent to a record 98.6 Bcfe. With net reserve additions topping 115 Bcfe, Energen Resources demonstrated once again that it can replace reserves organically by bringing into production its extensive unproved reserves.

Energen Resources began leasing shale-rich acreage in north-central Alabama several years ago and, in October 2006, sold a half-interest in its then-200,000 acres to Chesapeake Energy for $75 million cash and the first $15 million of drilling costs. The companies also formed an Area of Mutual Interest spanning Alabama and part of north Georgia through which they can pursue new shale leases, development and operations on a 50/50 basis.

Work is under way on three test wells; much work remains to be done in determining the best methods for unlocking natural gas from Alabama's shale deposits. If the code can be cracked, the results could be meaningful for Alabama as well as a company-shaping event for Energen Resources and Energen.


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Indexed Company Presentations


 DocumentCompanyDate Total
Data pager
 72 items in 4 pages
Permian Basin Meetings Permian Basin Meetings
Type: Special Event (Acquisitions or Exploration)
Energen Resources Corp
James McManus
Chairman & CEO
04/02/142634425921729
Howard Weil 42nd Annual Energy Conference Howard Weil 42nd Annual Energy Conference
Type: Conference or Symposium
Energen Resources Corp
James McManus
Chairman & CEO
03/24/142634213915876
March 2014 Investor Presentation March 2014 Investor Presentation
Type: Investor Presentation
Energen Resources Corp
Julie Ryland
VP- Investor Relations
03/11/142533972908127
February 2014 Investor Presentation February 2014 Investor Presentation
Type: Investor Presentation
Energen Resources Corp
Julie Ryland
VP- Investor Relations
02/24/142533332889193
Q4 2013 Earnings Conference Supplemental Information Q4 2013 Earnings Conference Supplemental Information
Type: Earnings Release & Presentation
Energen Resources Corp
James McManus
Chairman & CEO
02/12/14432954878726
Sterne Agee- Boston & NYC Presentation Sterne Agee- Boston & NYC Presentation
Type: Company Presentation
Energen Resources Corp
James McManus
Chairman & CEO
11/18/132830691814671
BMO- West Coast Presentation BMO- West Coast Presentation
Type: Company Presentation
Energen Resources Corp
James McManus
Chairman & CEO
11/12/132830690814643
Wolfcamp Locator Maps Wolfcamp Locator Maps
Type: Miscellaneous/Other
Energen Resources Corp
James McManus
Chairman & CEO
10/30/13229994795299
2013 UBS Houston Energy Symposium 2013 UBS Houston Energy Symposium
Type: Conference or Symposium
Energen Resources Corp
James McManus
Chairman & CEO
09/19/132829139771102
Barclays CEO Energy-Power Conference 2013 Barclays CEO Energy-Power Conference 2013
Type: Conference or Symposium
Energen Resources Corp
James McManus
Chairman & CEO
09/11/132828939765117
Enercom 18 The Oil & Gas Conference Denver Enercom 18 The Oil & Gas Conference Denver
Type: Conference or Symposium
Energen Resources Corp
James McManus
Chairman & CEO
08/13/132827916736999
Tuohy Brothers 4th Annual Energy Conference Tuohy Brothers 4th Annual Energy Conference
Type: Conference or Symposium
Energen Resources Corp
James McManus
Chairman & CEO
08/06/132727639729753
Energen Wolfcamp Locator Maps Energen Wolfcamp Locator Maps
Type: Miscellaneous/Other
Energen Resources Corp
James McManus
Chairman & CEO
07/31/13227466724351
STRH 2013 Play-by-Play Oil and Gas Conference STRH 2013 Play-by-Play Oil and Gas Conference
Type: Conference or Symposium
Energen Resources Corp
James McManus
Chairman & CEO
05/29/132725709671267
2013 UBS Global Oil and Gas Conference 2013 UBS Global Oil and Gas Conference Energen Resources Corp
James McManus
Chairman & CEO
05/23/132725604668110
Citi 2013 Global Energy & Utilities Conference Citi 2013 Global Energy & Utilities Conference Energen Resources Corp
James T. McManus
Chairman & CEO
05/14/132725515665417
2013 ISI Bermuda Energy Conference 2013 ISI Bermuda Energy Conference
Type: Conference or Symposium
Energen Resources Corp
James T. McManus
Chairman & CEO
05/08/132825322658596
2013 Annual Meeting of Shareholders 2013 Annual Meeting of Shareholders
Type: Annual Meeting
Energen Resources Corp
James T. McManus
Chairman & CEO
04/26/131625015648503
19th Annual IPAA OGIS New York Symposium 19th Annual IPAA OGIS New York Symposium Energen Resources Corp
James T. McManus
Chairman & CEO
04/17/132824760640881
41st Annual Howard Weil Energy Conference 41st Annual Howard Weil Energy Conference
Type: Conference or Symposium
Energen Resources Corp
James T. McManus
Chairman & CEO
03/18/132823956618061


Archived News Items from PLS for


TitlePublicationDate 
Data pager
12
 21 items in 2 pages
Wolfcamp to provide future growth for EnergenExploration & Production09/30/1343129
People Briefs - Jan. 11, 2013Exploration & Production01/11/1337089
Third Bone Spring continues to deliver for EnergenExploration & Production04/25/1233036
BHP Billiton teams with Energen in Delaware basin projectExploration & Production02/25/1231187
Energen inks a pair of Wolfberry deals for $212MMAcquisition & Divestiture10/26/1129108
A&D Briefs (Short Stories; October 2011)Acquisition & Divestiture10/03/1125655
Energen changes hedging strategyCapital Markets09/12/1125465
People on the move (Short Stories; May 6, 2011)Exploration & Production05/06/1119905
Energen grabs Bone Spring/Avalon assets for $37 millionAcquisition & Divestiture04/05/1119534
Eagle Ford, Bone Spring plays lead E&P in 2010Exploration & Production01/04/1118476
Energen buys Bone Spring acreage from SandRidgeAcquisition & Divestiture12/09/1018649
Energen buys $110 MM in Bone Spring from SandRidgeAcquisition & Divestiture12/09/1018260
Energen adds $75 MM in Wolfberry assetsAcquisition & Divestiture11/01/1018418
Energen to purchase Permian assets for $185 MMAcquisition & Divestiture09/17/1016966
E&P BriefsExploration & Production09/13/1022144
Energen adds to 2011 & 2012 hedge positionsCapital Markets04/16/1014578
Permian Basin heats up with three deals totaling $483 millionAcquisition & Divestiture05/12/0912393
Chesapeake and Energen join forcesExploration & Production10/16/063621
Energen closes San Juan acquisitionAcquisition & Divestiture08/16/0416494
Energen Resources budget and hedging updateExploration & Production01/24/043416

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