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- EGN $67.25 (5.34%) $3.41
Company OverviewEnergen is an independent oil and gas exploration and production company that operates exclusively in the Permian Basin of west Texas and New Mexico. Energen is focused on return-driven growth from the drilling and development of multiple horizontal shale formations in the Delaware and Midland basins using its Generation 3 frac design. The majority of the company’s Gen 3 wells have been drilled in multi-zone patterns and completed in batches at original reservoir pressure.
As of July 1, 2017, the company has identified 4,116 net engineered, unrisked, potential drilling locations in the Delaware and Midland basins with an estimated 2.5 billion barrels of oil-equivalent, net, undeveloped resource potential.