Long-Term Debt and Notes Payable (Tables)

6 Months Ended

Jun. 30, 2014

Debt Instrument [Line Items]

Long-term debt

Long-term debt consisted of the following:

(in thousands)	June 30, 2014		December 31, 2013
Energen:
7.40% Medium-term Notes, Series A, due July 24, 2017	$	2,000	$	2,000
7.36% Medium-term Notes, Series A, due July 24, 2017	15,000		15,000
7.23% Medium-term Notes, Series A, due July 28, 2017	2,000		2,000
7.32% Medium-term Notes, Series A, due July 28, 2022	20,000		20,000
7.60% Medium-term Notes, Series A, due July 26, 2027	5,000		5,000
7.35% Medium-term Notes, Series A, due July 28, 2027	10,000		10,000
7.125% Medium-term Notes, Series B, due February 15, 2028	100,000		100,000
4.625% Notes, due September 1, 2021	400,000		400,000
Senior Term Loans, (floating rate interest LIBOR plus 1.625%; 1.775% at June 30, 2014), due September 30, 2014 to December 17, 2017	570,000		600,000
	1,124,000		1,154,000
Less amounts due within one year	570,000		60,000
Less unamortized debt discount	448		459
Total Energen	$	553,552	$	1,093,541
Alagasco:
5.368% Notes, due December 1, 2015	$	80,000	$	80,000
5.20% Notes, due January 15, 2020	40,000		40,000
3.86% Notes, due December 21, 2021	50,000		50,000
5.70% Notes, due January 15, 2035	34,830		34,923
5.90% Notes, due January 15, 2037	45,000		45,000
	249,830		249,923
Less amounts due within one year	50,000		—
Total Alagasco (included in liabilities related to assets held for sale)	$	199,830	$	249,923

Summary of Credit Facilities

The following is a summary of information relating to Energen’s credit facility:

(in thousands)	June 30, 2014			December 31, 2013
Energen notes payable to banks	$	669,000		$	489,000
Available for borrowings	581,000			761,000
Total Energen	$	1,250,000		$	1,250,000
Energen maximum amount outstanding at any month-end	$	669,000		$	901,000
Energen average daily amount outstanding	$	576,486		$	804,895
Energen weighted average interest rates based on:
Average daily amount outstanding	1.42		%	1.38		%
Amount outstanding at period-end	1.40		%	1.32		%

Energen Corporation

Debt Instrument [Line Items]

Maturities of Long-term Debt

The aggregate maturities of Energen’s long-term debt outstanding at June 30, 2014 are as follows:

(in thousands)
Remaining 2014	2015	2016	2017	2018	2019 and thereafter
$570,000	—	—	$19,000	—	$535,000

Alabama Gas Corporation

Debt Instrument [Line Items]

Long-term debt

Long-term debt consisted of the following:

(in thousands)	June 30, 2014		December 31, 2013
5.368% Notes, due December 1, 2015	$	80,000	$	80,000
5.20% Notes, due January 15, 2020	40,000		40,000
3.86% Notes, due December 21, 2021	50,000		50,000
5.70% Notes, due January 15, 2035	34,830		34,923
5.90% Notes, due January 15, 2037	45,000		45,000
	249,830		249,923
Less amounts due within one year	50,000		—
Total	$	199,830	$	249,923

Maturities of Long-term Debt

The aggregate maturities of Alagasco’s long-term debt outstanding at June 30, 2014 are as follows:

(in thousands)
Remaining 2014	2015	2016	2017	2018	2019 and thereafter
$50,000	$80,000	—	—	—	$119,830

Summary of Credit Facilities

The following is a summary of information relating to the credit facility:

(in thousands)	June 30, 2014			December 31, 2013
Notes payable to banks	$	—		$	50,000
Available for borrowings	100,000			50,000
Total	$	100,000		$	100,000
Alagasco maximum amount outstanding at any month-end	$	55,000		$	75,000
Alagasco average daily amount outstanding	$	17,956		$	35,027
Alagasco weighted average interest rates based on:
Average daily amount outstanding	1.28		%	1.12		%
Amount outstanding at period-end	—		%	1.26		%