Long-Term Debt and Notes Payable (Tables)

12 Months Ended

Dec. 31, 2013

Debt Instrument [Line Items]

Schedule of long-term debt

Long-term debt consisted of the following:

(in thousands)	December 31, 2013		December 31, 2012
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	$	154,000
5% Notes	—		50,000
4.625% Notes, due September 1, 2021	400,000		400,000
Senior Term Loans, (floating rate interest LIBOR plus 1.625%; 1.792% at December 31, 2013), due March 31, 2014 to December 17, 2017	600,000		—
Senior Term Loans, (floating rate interest LIBOR plus 1.375%)	—		300,000
Alabama Gas Corporation:
5.20% Notes, due January 15, 2020	40,000		40,000
5.70% Notes, due January 15, 2035	34,923		35,028
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	1,403,923		1,154,028
Less amounts due within one year	60,000		50,000
Less unamortized debt discount	459		500
Total	$	1,343,464	$	1,103,528

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)
2014	2015	2016	2017	2018
$60,000	$140,000	$60,000	$439,000	—

Schedule of credit facilities

he following is a summary of information relating to the credit facilities:

(in thousands)	December 31, 2013			December 31, 2012
Energen outstanding	$	489,000		$	566,000
Alagasco outstanding	50,000			77,000
Notes payable to banks	539,000			643,000
Available for borrowings	811,000			707,000
Total	$	1,350,000		$	1,350,000
Energen maximum amount outstanding at any month-end	$	901,000		$	643,000
Energen average daily amount outstanding	$	804,895		$	331,068
Energen weighted average interest rates based on:
Average daily amount outstanding	1.38		%	1.82		%
Amount outstanding at year-end	1.32		%	1.35		%
Alagasco maximum amount outstanding at any month-end	$	75,000		$	77,000
Alagasco average daily amount outstanding	$	35,027		$	21,254
Alagasco weighted average interest rates based on:
Average daily amount outstanding	1.12		%	1.44		%
Amount outstanding at year-end	1.26		%	1.11		%

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)
2014	2015	2016	2017	2018
—	$80,000	—	—	—