egn industry petroleum industry founded 1979 headquarters birmingham alabama key people james t. mcmanus ii ceo charles w. porter jr. cfo 1 products petroleum natural gas natural gas liquids production output 24 thousand barrels of oil equivalent 150 000 gj per day 1 revenue us 878 million 2015 1 operating income us 945 billion 2015 1 net income us 945 billion 2015 1 total assets us 4.614 billion 2015 1 total equity us 2.896 billion 2015 1 number of employees 470 2015 1 website http www.energen.com energen corporation is an oil and gas exploration and production company headquartered in birmingham alabama . contents 1 current operations 2 history 2.1 acquisitions and dispositions 3 external links 4 references current operations edit as of december 31 2015 the company had 355 million barrels of oil equivalent 2.17 109 gj of estimated proved reserves of which 61 % was oil and 39 % was natural gas and natural gas liquids . of these reserves 95 % were located in the permian basin and 5 % were located in the san juan basin in northern new mexico . 1 of the company s 2015 production of 24 thousand barrels of oil equivalent 150 000 gj per day 21 thousand barrels of oil equivalent 130 000 gj per day was in the permian basin and 3 thousand barrels of oil equivalent 18 000 gj per day was in the san juan basin in northern new mexico . 1 the company s properties in the san juan basin are classified as being held for sale . 1 in 2015 an affiliate of plains all american pipeline accounted for 33 % of the company s revenue . 1 history edit the company was originally called alabama gas corporation and was spun off from southern natural gas later sonat inc. in 1953 as part of an antitrust agreement . in 1985 the company was renamed as energen corporation . its subsidiaries included its natural gas utility division alagasco alabama gas corporation which was sold in 2014 and its oil and gas exploration division taurus exploration now energen resources which is the main asset of the company . acquisitions and dispositions edit in 2002 a subsidiary of the company acquired properties in the permian basin for 120 million in cash and 70 million in stock . 2 in 2003 a subsidiary of the company acquired 93 billion cubic feet of gas equivalent of proved reserves in the san juan basin of new mexico and southern colorado for 39 million . 3 in 2004 a subsidiary of the company acquired san juan basin coalbed methane properties from a private company for 273 million . 4 in 2014 the company sold its natural gas utility business alabama gas corporation alagasco to laclede group for 1.35 billion in cash and the assumption of 250 million in debt . 5 in 2015 the company sold the majority of its assets in the san juan basin for 395 million . 6 external links edit energen website energen corporation 2015 form 10 k annual report references edit a b c d e f g h i j k l energen corporation 2015 form 10 k annual report energen resources to acquire permian basin properties for cash equity . prnewswire . march 7 2002 . energen unit completes acquisition of san juan properties . april 1 2003 . energen unit to acquire san juan properties for 273 mm . securities and exchange commission . march 7 2002 . the laclede group acquires alabama gas corporation . prnewswire . september 2 2014 . energen targets capital investment in cy15 of 1.0 billion . business wire . february 12 2015 . this article about a natural gas or petroleum related company is a stub . you can help wikipedia by expanding it . v t e retrieved from https en.wikipedia.org w index.php title energen & oldid 715145450 categories companies listed on the new york stock exchangecompanies based in birmingham alabamaoil companies of the united statespetroleum company stubshidden categories all stub articles navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 14 april 2016 at 00 21 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view