XML 68 R31.htm IDEA: XBRL DOCUMENT v2.4.0.6
Long-Term Debt and Notes Payable (Tables)
12 Months Ended
Dec. 31, 2012
Debt Instrument [Line Items]  
Schedule of long-term debt
Long-term debt consisted of the following:

(in thousands)
December 31, 2012
December 31, 2011
 
 
 
Energen Corporation:
 
 
Medium-term Notes, Series A and B, interest ranging from 7.125% to 7.6%, for notes due July 24, 2017 to February 15, 2028
$
154,000

$
155,000

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

50,000

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

400,000

Senior Term Loans, (floating rate interest LIBOR plus 1.375%; 1.59% at December 31, 2012), due March 31, 2014 to November 29, 2016
300,000

300,000

Alabama Gas Corporation:
 
 
5.20% Notes, due January 15, 2020
40,000

40,000

5.70% Notes, due January 15, 2035
35,028

35,246

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

50,000

Total
1,154,028

1,155,246

Less amounts due within one year
50,000

1,000

Less unamortized debt discount
500

546

Total
$
1,103,528

$
1,153,700

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)
2013
2014
2015
2016
2017
$50,000
$100,000
$180,000
$100,000
$19,000
Schedule of credit facilities
The following is a summary of information relating to the credit facilities:

(in thousands)
December 31, 2012
December 31, 2011
Energen outstanding
$
566,000

$

Alagasco outstanding
77,000

15,000

Notes payable to banks
643,000

15,000

Available for borrowings
707,000

1,004,000

Total
$
1,350,000

$
1,019,000

Energen maximum amount outstanding at any month-end
$
643,000

$
363,000

Energen average daily amount outstanding
$
331,068

$
229,094

Energen weighted average interest rates based on:
 
 
Average daily amount outstanding
1.82
%
2.04
%
Amount outstanding at year-end
1.35
%
3.58
%
Alagasco maximum amount outstanding at any month-end
$
77,000

$
70,000

Alagasco average daily amount outstanding
$
21,254

$
29,268

Alagasco weighted average interest rates based on:
 
 
Average daily amount outstanding
1.44
%
1.72
%
Amount outstanding at year-end
1.11
%
3.58
%
Alabama Gas Corporation
 
Debt Instrument [Line Items]  
Schedule of aggregate maturities of long-term debt
he aggregate maturities of Alagasco's long-term debt for the next five years are as follows:

Years ending December 31, (in thousands)
2013
2014
2015
2016
2017
$80,000