New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 18, 2012
16:36 EDTEGNEnergen cuts 2012, 2013 production by 400,000 BOE
Energen has lowered its estimated 2012 and 2013 production by 400,000 barrels of oil equivalents in each period to 24.1M and 26.1M BOE, respectively. Total oil and natural gas liquids production in 2013 is estimated to increase 23% and comprise more than half of total production.
News For EGN From The Last 14 Days
Check below for free stories on EGN the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 7, 2014
07:58 EDTEGNLaclede to hold a conference call
Subscribe for More Information
07:30 EDTEGNEnergen to host a conference call
Subscribe for More Information
07:03 EDTEGNLaclede to purchase Alabama Gas Corporation for $1.6B
Subscribe for More Information
07:03 EDTEGNEnergen to sell natural gas utility to Laclede Group for $1.6B
Energen Corporation (EGN) announced that it has signed a definitive stock purchase agreement to sell its natural gas utility business, Alabama Gas Corporation, to The Laclede Group (LG). The value of the transaction is $1.6B, subject to customary closing adjustments, and is comprised of $1.28B in cash and approximately $320M of debt. Energenís after-tax proceeds are estimated to be $1.1B, after consideration of accelerated intangible drilling costs. Energen plans to use cash proceeds from the transaction to immediately reduce short-term indebtedness, thereby enhancing its financial capacity to potentially accelerate the pace of drilling and development of its Permian Basin assets in 2015 and beyond.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use