-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QUCccFsbza+z7DpyTvVeZPYtFjUVZWkvVVNAL7PJVAYFG8UDRxv1l8h9o2RBoqan I2GVI3drGlM6KEqFhPIjyA== 0000277595-97-000004.txt : 19970228 0000277595-97-000004.hdr.sgml : 19970228 ACCESSION NUMBER: 0000277595-97-000004 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19960930 FILED AS OF DATE: 19970227 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENERGEN CORP CENTRAL INDEX KEY: 0000277595 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] IRS NUMBER: 630757759 STATE OF INCORPORATION: AL FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: U-3A-2 SEC ACT: 1935 Act SEC FILE NUMBER: 069-00242 FILM NUMBER: 97545151 BUSINESS ADDRESS: STREET 1: 2101 SIXTH AVE N CITY: BIRMINGHAM STATE: AL ZIP: 35203 BUSINESS PHONE: 2053262742 MAIL ADDRESS: STREET 1: 2101 SIXTH AVE N CITY: BIRNINGHAM STATE: AL ZIP: 35203 FORMER COMPANY: FORMER CONFORMED NAME: ALAGASCO INC DATE OF NAME CHANGE: 19851002 U-3A-2 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM U-3A-2 File No. 69-242 Statement by Holding Company Claiming Exemption Under Rule U-3A-2 from the Provisions of the Public Utility Holding Company Act of 1935 (the Act) To Be Filed Annually Prior to March 1 ENERGEN CORPORATION (Name of company) hereby files with the Securities and Exchange Commission (the Commission), pursuant to Rule 2, its statement claiming exemption as a holding company from the provisions of the Public Utility Holding Company Act of 1935, and submits the following information: 1. The claimant Energen Corporation, an Alabama corporation, is a holding company with the following ten subsidiaries, each of which (other than Taurus Exploration U.K. Limited) is also an Alabama corporation: a. Alabama Gas Corporation, a natural gas distribution company; b. American Heat Tech, Inc., which has an investment in a company which is in the business of developing and marketing high temperature combustion products; c. Basin Pipeline Corp., which is in the business of gathering and transporting natural gas and coalbed methane; d. EGN Services, Inc., which is a wholesale distributor of gas appliances; e. Graves Well Drilling Company, Inc., which has no active operations; f. Midtown NGV, Inc., which is in the business of marketing natural gas as a vehicle fuel and is a subsidiary of Alabama Gas Corporation; g. Taurus Exploration, Inc., an oil and gas exploration and production company; h. Taurus Exploration U.K. Limited, which has no active operations, is incorporated in England and Wales and is a subsidiary of Taurus Exploration, Inc.; i. Taurus Exploration U.S.A., Inc., an oil and gas exploration and production company and a subsidiary of Taurus Exploration, Inc.; and j. W&J Propane Gas, Inc., which has no active operations. The business address of the Claimant and each of its subsidiaries is: 2101 Sixth Avenue North Birmingham, Alabama 35203 2. Alabama Gas Corporation, one of the Claimant's subsidiaries, is a "gas utility company" under the provisions of Section 2(a)(4) of the Act and is regulated by the Alabama Public Service Commission. The properties of Alabama Gas Corporation consist primarily of gas distribution systems serving communities in central and northwest Alabama. Alabama Gas Corporation also owns facilities for the liquefaction, storage, and revaporization of liquid natural gas; warehouses; office buildings; and other miscellaneous equipment and property. The Federal Power Commission (now Federal Energy Regulatory Commission), by order issued September 21, 1954 in Docket No. G-2575, has declared Alabama Gas Corporation to be exempt from the provisions of the Natural Gas Act, 15 U.S.C. 717 (c). Neither Claimant nor any of its subsidiaries other than Alabama Gas Corporation is a "gas utility company" under the provisions of Section 2(a)(4) of the Act. 3. The following is information for the last fiscal year with respect to Claimant and its subsidiary public utility company, Alabama Gas Corporation: a. Mcf of natural or manufactured gas distributed at retail: 49,965,000 Mcf b. Mcf of natural or manufactured gas transported on behalf of end users: 61,458,000 Mcf c. Mcf of natural or manufactured gas distributed at retail outside the State in which each such company is organized: None d. Mcf of natural or manufactured gas sold at wholesale outside the State in which such company is organized, or at the State line: None e. Mcf of natural or manufactured gas purchased outside the State in which each such company is organized or at the State line: 49,893,000 Mcf 4. The Claimant does not hold directly or indirectly any interest in an EWG or a foreign utility company. A consolidating statement of income and retained earnings of the Claimant and its subsidiary companies for the last fiscal year ended September 30, 1996, together with a consolidating balance sheet of Claimant and its subsidiary companies as of the close of such fiscal year is attached hereto as Exhibit A and made a part hereof. An EDGAR Financial Data Schedule is attached hereto as Exhibit B. Exhibit C with respect to an EWG or foreign utility company is not applicable to Claimant. The above-named Claimant has caused this statement to be duly executed on its behalf by its authorized officer on this 20th day of February, 1997. ENERGEN CORPORATION (Name of Claimant) By /s/R. J. Lysinger R. J. Lysinger Its Chairman of the Board CORPORATE SEAL ATTEST: By /s/J. David Woodruff, Jr. J. David Woodruff, Jr. Its Assistant Secretary Name, title and address of officer to whom notices and correspondence concerning this statement should be addressed: J. David Woodruff, Jr., Assistant Secretary 2101 Sixth Avenue North Birmingham, Alabama 35203 Exhibit A ENERGEN CORPORATION Consolidating Statement of Income Year Ended September 30, 1996 Unaudited (in thousands of dollars)
Energen Alabama Basin W & J EGN American Consolidated Elims Parent * Gas ** Taurus *** Pipeline Propane Services Heattech Operating Revenues Natural gas distribution $357,252 -- -- $357,252 -- -- -- -- -- Oil and gas production 42,624 -- -- -- 42,624 -- -- -- -- Other 2,158 -- -- -- -- 2,158 -- -- -- Intercompany eliminations (2,592) (2,592) -- -- -- -- -- -- -- - --------------------------------- ----------------------------------------------------------------------------------------------- Total operating revenues 399,442 (2,592) -- 357,252 42,624 2,158 -- -- -- - --------------------------------- ----------------------------------------------------------------------------------------------- Operating Expenses Cost of gas 178,810 (2,592) -- 181,400 -- -- -- -- 2 Operations 100,822 -- 1,230 81,585 16,794 1,193 -- -- 20 Maintenance 11,078 -- -- 10,956 -- 122 -- -- -- Depreciation,depletion and amortization 41,118 -- -- 21,269 19,335 514 -- -- -- Taxes,other than income taxes 28,817 -- -- 26,772 2,001 44 -- -- -- - --------------------------------- ----------------------------------------------------------------------------------------------- Total operating expenses 360,645 (2,592) 1,230 321,982 38,130 1,873 -- -- 22 - --------------------------------- ----------------------------------------------------------------------------------------------- Operating income 38,797 -- (1,230) 35,270 4,494 285 -- -- (22) - --------------------------------- ----------------------------------------------------------------------------------------------- Other Income and (Expense) Interest expense (13,920) 582 (3) (9,585) (4,747) (149) -- -- (18) Dividends on preferred stock of subsidiary -- -- -- -- -- -- -- -- -- Allowance for funds used during construction 972 -- -- 972 -- -- -- -- -- Other,net 740 (582) 519 (649) 665 -- -- 639 148 - --------------------------------- ----------------------------------------------------------------------------------------------- Total other income (expense) (12,208) -- 516 (9,262) (4,082) (149) -- 639 130 - --------------------------------- ----------------------------------------------------------------------------------------------- Income Before Income Taxes 26,589 -- (714) 26,008 412 136 -- 639 108 Income taxes 5,048 -- (235) 9,047 (4,090) 50 -- 237 39 - --------------------------------- ----------------------------------------------------------------------------------------------- Net Income 21,541 -- (479) 16,961 4,502 86 -- 402 69 - --------------------------------- ----------------------------------------------------------------------------------------------- Retained Earnings @ Beginning of Period $90,020 ($116,481) $90,020 $87,638 $28,644 -- $1,495 $702 ($1,998) Less Common Stock Dividends ($12,903) 9,555 (12,903) (9,555) Net Income From Subsidiares -- (22,020) 22,020 Dividend To/From Parent Company -- -- -- -- -- -- -- - --------------------------------- ----------------------------------------------------------------------------------------------- Retained Earnings @End of Period $98,658 ($128,946) $98,658 $95,044 $33,146 $86 $1,495 $1,104 ($1,929) ================================= =============================================================================================== * Includes revenues and assets of Graves Well Drilling Co. which are de minimis in amount ** Includes transactions and balances of its subsidiary Midtown NGV *** Includes transactions and balances of its subsidiaries Taurus U.K. and Taurus USA
Exhibit A ENERGEN CORPORATION Consolidating Balance Sheet September 30, 1996 Unaudited (in thousands of dollars)
Energen Alabama Basin W & J EGN American Consolidated Elims Parent * Gas ** Taurus *** Pipeline Propane Services Heattech Property Plant and Equipment Utility Plant 544,643 -- -- $544,643 -- -- -- -- -- Less: A/D 268,110 -- -- 268,110 -- -- -- -- -- - --------------------------------- ----------------------------------------------------------------------------------------------- Utility property, net 276,533 -- -- 276,533 -- -- -- -- -- - --------------------------------- ----------------------------------------------------------------------------------------------- Oil and gas properties 224,469 -- -- -- 224,469 -- -- -- -- Less: A/D 60,152 -- -- -- 60,152 -- -- -- -- - --------------------------------- ----------------------------------------------------------------------------------------------- Oil and gas properties, net 164,317 -- -- -- 164,317 -- -- -- -- - --------------------------------- ----------------------------------------------------------------------------------------------- Other property net 4,066 -- -- 394 1,833 1,709 -- 130 -- - --------------------------------- ----------------------------------------------------------------------------------------------- Property plant and equipment 444,916 -- -- 276,927 166,150 1,709 -- 130 -- - --------------------------------- ----------------------------------------------------------------------------------------------- Current Assets Cash 2,010 -- (281) 803 1,311 3 10 142 22 Temporary cash investments 15,064 -- -- -- 14,466 -- 598 -- -- Accounts receivable 45,355 (77,904) 67,207 42,266 11,231 366 1,044 1,115 30 Allowance (3,002) -- -- (2,985) -- -- -- (17) -- Inventories 38,335 -- -- 36,459 604 -- -- 1,272 -- Deferred gas cost 1,975 -- -- 1,975 -- -- -- -- -- Prepayments and other 7,563 -- 154 5,149 2,236 26 -- (3) 1 Deferred taxes 7,995 572 -- 6,344 1,021 58 -- -- -- - --------------------------------- ----------------------------------------------------------------------------------------------- Total current assets 115,295 (77,332) 67,080 90,011 30,869 453 1,652 2,509 53 - --------------------------------- ----------------------------------------------------------------------------------------------- Other assets Notes receivable 1,538 (32,350) 32,350 -- 1,538 -- -- -- -- Deferred charges and other 9,222 (203,228) 187,987 7,467 15,646 1,335 -- 15 -- - --------------------------------- ----------------------------------------------------------------------------------------------- Total other assets 10,760 (235,578) 220,337 7,467 17,184 1,335 -- 15 -- - --------------------------------- ----------------------------------------------------------------------------------------------- Total Assets $570,971 ($312,910) $287,417 $374,405 $214,203 $3,497 $1,652 $2,654 $53 ================================= =============================================================================================== * Includes revenues and assets of Graves Well Drilling Co. which are de minimis in amount ** Includes transactions and balances of its subsidiary Midtown NGV *** Includes transactions and balances of its subsidiaries Taurus U.K. and Taurus USA
Exhibit A ENERGEN CORPORATION Consolidating Balance Sheet September 30, 1996 Unaudited (in thousands of dollars)
Energen Alabama Basin W & J EGN American Consolidated Elims Parent * Gas ** Taurus *** Pipeline Propane Services Heattech Capitalization Common stockholders' equity Common stock $112 ($74) $112 $20 $50 $1 $1 $1 $1 Treasury Stock -- -- -- Premium on capital stock $86,833 (64,942) 120,711 6,682 20,905 1,298 4 -- 2,175 Capital surplus $2,802 (25,000) -- 27,802 -- -- -- -- Retained earnings $98,658 (97,871) 67,582 95,044 33,146 86 1,495 1,105 (1,929) - --------------------------------- ----------------------------------------------------------------------------------------------- Total common stkhlders' equity 188,405 (187,887) 188,405 129,548 54,101 1,385 1,500 1,106 247 Minority preferred stock -- Long-term debt 195,545 (32,330) 32,350 125,000 70,525 -- -- -- -- - --------------------------------- ----------------------------------------------------------------------------------------------- Total capitalization 383,950 (220,217) 220,755 254,548 124,626 1,385 1,500 1,106 247 - --------------------------------- ----------------------------------------------------------------------------------------------- Current Liabilities LTD due in one year 1,805 (20) -- -- 1,825 -- -- -- -- Notes payable to banks 59,000 -- 59,000 -- -- -- -- -- -- Accounts payable 32,659 (77,904) -- 25,270 81,561 1,989 -- 1,478 265 Accrued taxes 17,567 -- 60 18,067 (664) (20) 27 24 73 Customers' deposits 17,364 -- -- 17,364 -- -- -- -- -- Supplier refunds 17,257 -- -- 17,257 -- -- -- -- -- Other amounts due customers 489 -- -- 489 -- -- -- -- -- Accrued wages & benefits 11,584 -- 6,695 4,459 430 -- -- -- -- Other 18,049 572 920 10,610 5,708 68 175 35 (39) - --------------------------------- ----------------------------------------------------------------------------------------------- Total current liabilities 175,774 (77,352) 66,675 93,516 88,860 2,037 202 1,537 299 - --------------------------------- ----------------------------------------------------------------------------------------------- Deferred Credits and Other Deferred income taxes 972 (15,341) (13) 16,883 -- -- (75) 11 (493) Deferred investment tax credits 3,617 -- -- 3,617 -- -- -- -- -- Customer advances for construction and other 6,658 -- -- 5,841 717 75 25 -- -- - --------------------------------- ----------------------------------------------------------------------------------------------- Total Deferred Credits and Other 11,247 (15,341) (13) 26,341 717 75 (50) 11 (493) - --------------------------------- ----------------------------------------------------------------------------------------------- Total Capital and Liabilities $570,971 ($312,910) $287,417 $374,405 $214,203 $3,497 $1,652 $2,654 $53 ================================= =============================================================================================== * Includes revenues and assets of Graves Well Drilling Co. which are de minimis in amount ** Includes transactions and balances of its subsidiary Midtown NGV *** Includes transactions and balances of its subsidiaries Taurus U.K. and Taurus USA
EX-27 2
OPUR3 1,000 12-MOS SEP-30-1996 SEP-30-1996 PER-BOOK 570,971 399,442 21,541
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