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- EGN 87.99 (-1.16%) -1.03
Energen Corporation is a growing oil and gas exploration and production company focused on increasing its production of oil and natural gas liquids in the Permian Basin. An active driller in this prolific west-Texas oil basin, Energen has identified approximately 5,600 unrisked potential drilling locations in the Wolfcamp and Cline shales alone.
Based in Birmingham, Alabama, Energen has 3.3 billion barrels of oil-equivalent proved, probable, and possible reserves and contingent resources at year-end 2013; approximately 82 percent are in the Permian Basin, and the remainder of these all-domestic reserves are in the San Juan Basin in New Mexico and Colorado.
The company’s foreseeable future resides in the thick shales, rich with oil and natural gas liquids, that lie within much of the Permian Basin…and in the drill bit that can bring these domestic resources to market.