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Energen Declares Quarterly Cash Dividend


For Release:  April 23, 2008

BIRMINGHAM, Ala.--(BUSINESS WIRE)--April 23, 2008--The Board of Directors of Energen Corporation (NYSE: EGN) today declared a quarterly cash dividend of 12 cents per share payable June 2, 2008, to shareholders of record on May 15, 2008.

Energen Corporation is a diversified energy holding company with headquarters in Birmingham, AL. Its two lines of business are the acquisition, development and exploration of domestic, onshore natural gas, oil and NGL reserves and natural gas distribution in central and north Alabama. Energen Resources has approximately 1.75 Tcfe of proved reserves and 1.9 Tcfe of probable and possible reserves in the San Juan, Permian and Black Warrior basins and in the North Louisiana/East Texas area. Alabama Gas Corporation is the largest distributor of natural gas in Alabama. More information is available at www.energen.com.

CONTACT: Energen Corporation
Julie S. Ryland, 205-326-8421

SOURCE: Energen Corporation

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