0001193125-13-351658.txt : 20130829 0001193125-13-351658.hdr.sgml : 20130829 20130829130859 ACCESSION NUMBER: 0001193125-13-351658 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130828 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130829 DATE AS OF CHANGE: 20130829 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENERGEN CORP CENTRAL INDEX KEY: 0000277595 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 630757759 STATE OF INCORPORATION: AL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07810 FILM NUMBER: 131068377 BUSINESS ADDRESS: STREET 1: 605 RICHARD ARRINGTON JR BLVD N CITY: BIRMINGHAM STATE: AL ZIP: 35203-2707 BUSINESS PHONE: 2053262997 MAIL ADDRESS: STREET 1: 605 RICHARD ARRINGTON JR BLVD N CITY: BIRMINGHAM STATE: AL ZIP: 35203 FORMER COMPANY: FORMER CONFORMED NAME: ALAGASCO INC DATE OF NAME CHANGE: 19851002 8-K 1 d591192d8k.htm FORM 8-K Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report

August 28, 2013

 

 

 

Commission
File
Number

 

Registrant

 

State of
Incorporation

   IRS Employer
Identification
Number
1-7810   Energen Corporation   Alabama    63-0757759

 

605 Richard Arrington Jr. Boulevard North

Birmingham, Alabama

  35203
(Address of principal executive offices)   (Zip Code)

 

 

(205) 326-2700

(Registrant’s telephone number including area code)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


ITEM 7.01 Regulation FD Disclosure

On August 28, 2013, Energen Corporation issued a press release announcing that it has signed a Purchase and Sale Agreement with an undisclosed buyer to sell its Black Warrior Basin coalbed methane assets. The press release is attached hereto as Exhibit 99.1.

The information furnished pursuant to Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of Energen Corporation under the Securities Act of 1933 or the Exchange Act.

 

ITEM 9.01 Financial Statements and Exhibits

 

(d)

Exhibits.

The following exhibits are furnished as part of this Current Report on Form 8-K.

 

Exhibit
Number:

    
99.1    Press Release dated August 28, 2013

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

    ENERGEN CORPORATION
August 29, 2013     By   /s/ Charles W. Porter, Jr.
       

Charles W. Porter, Jr.

Vice President, Chief Financial Officer and Treasurer of

Energen Corporation

EXHIBIT INDEX

 

EXHIBIT NUMBER

        

DESCRIPTION

99.1

                            Press Release dated August 28, 2013

 

*

This exhibit is furnished to, but not filed with, the Commission by inclusion herein.

EX-99.1 2 d591192dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

For Release: 6:00 p.m. EDT    Contacts:    Julie S. Ryland
Wednesday, August 28, 2013       205.326.8421

ENERGEN SIGNS PSA TO SELL BLACK WARRIOR BASIN PROPERTIES

Birmingham, Alabama — Energen Corporation (NYSE: EGN) announced today that it has signed a Purchase and Sale Agreement with an undisclosed buyer to sell its Black Warrior Basin coalbed methane assets in Alabama for $160 million plus standard closing adjustments. The sale is expected to close in early October 2013 and have an effective date of July 1, 2013. Energen plans to use proceeds to reduce short-term indebtedness.

At December 31, 2012, proved reserves associated with Energen’s Black Warrior Basin properties totaled 97 billion cubic feet. In addition to the coalbed methane properties, the buyer (a limited liability corporation, or LLC) will assume Energen’s third-party operating agreements.

After adjusting fourth quarter production by approximately 0.4 million barrels of oil equivalents (MMBOE) for the sale of these assets, Energen’s revised production guidance range from all operations for 2013 is 25.7-26.1 MMBOE. The company’s preliminary estimates of 2013 production and income from discontinued operations (excluding a gain on the sale) are, respectively, 1.4 MMBOE and $11.0 million, or 15 cents per diluted share.

Energen Corporation is an oil and gas exploration and production company with headquarters in Birmingham, Alabama. Through Energen Resources Corporation, the company has approximately 750 million barrels of oil-equivalent proved, probable, and possible reserves at year-end 2012. These all-domestic reserves are located mainly in the Permian and San Juan basins. For more information, go to http://www.energen.com.

 

   

FORWARD LOOKING STATEMENT: This release contains statements expressing expectations of future plans, objectives and performance that constitute forward-looking statements made pursuant to the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. Except as otherwise disclosed, the Company’s forward-looking statements do not reflect the impact of possible or pending acquisitions, divestitures or restructurings. We undertake no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise. All statements based on future expectations rather than on historical facts are forward-looking statements that are dependent on certain events, risks and uncertainties that could cause actual results to differ materially from those anticipated. In addition, the Company cannot guarantee the absence of errors in input data, calculations and formulas used in its estimates, assumptions and forecasts. A more complete discussion of risks and uncertainties that could affect future results of Energen and its subsidiaries is included in the Company’s periodic reports filed with the Securities and Exchange Commission.