Long-Term Debt and Notes Payable (Tables)

9 Months Ended

Sep. 30, 2014

Debt Disclosure [Abstract]

Long-term debt

Long-term debt consisted of the following:

(in thousands)	September 30, 2014		December 31, 2013
Credit facility	$	78,900	$	—
7.40% Medium-term Notes, Series A, due July 24, 2017	2,000		2,000
7.36% Medium-term Notes, Series A, due July 24, 2017	15,000		15,000
7.23% Medium-term Notes, Series A, due July 28, 2017	2,000		2,000
7.32% Medium-term Notes, Series A, due July 28, 2022	20,000		20,000
7.60% Medium-term Notes, Series A, due July 26, 2027	5,000		5,000
7.35% Medium-term Notes, Series A, due July 28, 2027	10,000		10,000
7.125% Medium-term Notes, Series B, due February 15, 2028	100,000		100,000
4.625% Notes, due September 1, 2021	400,000		400,000
Senior Term Loans, (floating rate interest LIBOR plus 1.625%)	—		600,000
	632,900		1,154,000
Less amounts due within one year	—		60,000
Less unamortized debt discount	442		459
Total Energen	$	632,458	$	1,093,541

Maturities of Long-term Debt

The aggregate maturities of Energen’s long-term debt outstanding at September 30, 2014 are as follows:

(in thousands)
Remaining 2014	2015	2016	2017	2018	2019 and thereafter
—	—	—	$19,000	—	$613,900

Summary of Credit Facilities

The following is a summary of information relating to Energen’s credit facilities:

(in thousands)	September 30, 2014			December 31, 2013
Notes payable to banks	$	78,900		$	489,000
Available for borrowings	1,421,100			761,000
Total	$	1,500,000		$	1,250,000
Maximum amount outstanding at any month-end	$	750,000		$	901,000
Average daily amount outstanding	$	559,878		$	804,895
Weighted average interest rates based on:
Average daily amount outstanding	1.43		%	1.38		%
Amount outstanding at period-end	1.66		%	1.32		%