XML 66 R30.htm IDEA: XBRL DOCUMENT v2.4.0.6
Long-Term Debt and Notes Payable (Tables)
12 Months Ended
Dec. 31, 2011
Debt Instrument [Line Items]  
Schedule of long-term debt
 

Long-term debt consisted of the following:

(in thousands)
December 31, 2011
December 31, 2010
 
 
 
Energen Corporation:
 
 
Medium-term Notes, Series A and B, interest ranging from 7.125% to 7.6%, for notes due July 30, 2012 to February 15, 2028
$
155,000

$
155,000

5% Notes, due October 1, 2013
50,000

50,000

4.625% Notes, due September 1, 2021
400,000


Senior Term Loans, (floating rate interest LIBOR plus 1.375%; currently 1.67% at December 31, 2011), due March 31, 2014 to November 29, 2016
300,000


Alabama Gas Corporation:
 
 
Medium-term Notes, Series A, interest of 7.57%

5,000

5.20% Notes, due January 15, 2020
40,000

40,000

5.70% Notes, due January 15, 2035
35,246

35,793

5.368% Notes, due December 1, 2015
80,000

80,000

5.90% Notes, due January 15, 2037
45,000

45,000

3.86% Notes, due December 21, 2021
50,000


Total
1,155,246

410,793

Less amounts due within one year
1,000

5,000

Less unamortized debt discount
546

539

Total
$
1,153,700

$
405,254

Schedule of aggregate maturities of long-term debt
The aggregate maturities of Energen's long-term debt for the next five years are as follows:

Years ending December 31, (in thousands)
2012
2013
2014
2015
2016
$1,000
$50,000
$100,000
$180,000
$100,000
Schedule of credit facilities
The following is a summary of information relating to the credit facilities:


(in thousands)
Current Term

Energen

Alagasco

Total
Syndicated Credit Facility
10/29/2013
$
850,000

$
150,000

$
1,000,000

Bryant Bank
10/31/2012

9,000

9,000

BancorpSouth Bank
5/23/2012

10,000

10,000

Total
 
$
850,000

$
169,000

$
1,019,000


(in thousands)
December 31, 2011
December 31, 2010
Energen outstanding
$

$
235,000

Alagasco outstanding
15,000

70,000

Notes payable to banks
15,000

305,000

Available for borrowings
1,004,000

714,000

Total
$
1,019,000

$
1,019,000

Energen maximum amount outstanding at any month-end
$
363,000

$
305,000

Energen average daily amount outstanding
$
229,094

$
19,732

Energen weighted average interest rates based on:
 
 
Average daily amount outstanding
2.04
%
2.07
%
Amount outstanding at year-end
3.58
%
2.03
%
Alagasco maximum amount outstanding at any month-end
$
70,000

$
70,000

Alagasco average daily amount outstanding
$
29,268

$
6,436

Alagasco weighted average interest rates based on:
 
 
Average daily amount outstanding
1.72
%
1.56
%
Amount outstanding at year-end
3.58
%
1.90
%
Alabama Gas Corporation
 
Debt Instrument [Line Items]  
Schedule of aggregate maturities of long-term debt
The aggregate maturities of Alagasco's long-term debt for the next five years are as follows:

Years ending December 31, (in thousands)
2012
2013
2014
2015
2016
$80,000