Energen
Encyclopedia
Energen Corporation headquartered in Birmingham
, Alabama
, is a diversified energy company that operates two divisions; an oil and gas exploration company and a natural gas utility company. Energen is listed on the New York Stock Exchange
with a ticker symbol "EGN" and has a market capitalization
of more than $4 billion.
, which would later become Sonat Inc., spun off the company as part of an antitrust
agreement. In 1985, the company reformed as Energen Corporation to focus on both its natural gas utility division, Alagasco, and its oil and gas exploration division, Taurus Exploration, which has now become Energen Resources. Alagasco has funded the company's dividend, while the company's Energen Resources division has funded its oil and natural gas acquisitions and development division.
, which later became Sonat Inc.. The company was spun off in 1953 and in 1985 became Energen Corporation, the holding company for Alagasco
and Taurus Exploration. The company is based in Birmingham, Alabama and serves the large metropolitan areas of Anniston
, Birmingham
, Gadsden
, Montgomery
, Auburn/Opelika
, Selma
and Tuscaloosa
.
, originally Taurus Exploration, makes up the company's oil and gas exploration business. The company was founded in 1985 and became a holding company of Energen. The company is based in Birmingham, Alabama.
Birmingham, Alabama
Birmingham is the largest city in Alabama. The city is the county seat of Jefferson County. According to the 2010 United States Census, Birmingham had a population of 212,237. The Birmingham-Hoover Metropolitan Area, in estimate by the U.S...
, Alabama
Alabama
Alabama is a state located in the southeastern region of the United States. It is bordered by Tennessee to the north, Georgia to the east, Florida and the Gulf of Mexico to the south, and Mississippi to the west. Alabama ranks 30th in total land area and ranks second in the size of its inland...
, is a diversified energy company that operates two divisions; an oil and gas exploration company and a natural gas utility company. Energen is listed on the New York Stock Exchange
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
with a ticker symbol "EGN" and has a market capitalization
Market capitalization
Market capitalization is a measurement of the value of the ownership interest that shareholders hold in a business enterprise. It is equal to the share price times the number of shares outstanding of a publicly traded company...
of more than $4 billion.
History
Energen Corporation was originally founded in 1953 as Alabama Gas Corporation, after its parent company, Birmingham, Alabama-based Southern Natural GasSouthern Natural Gas
Southern Natural Gas Company, headquartered in Birmingham, Alabama, is a natural gas pipeline company that was founded in 1928 and is currently a division of El Paso Corporation. The company was a division of Sonat Inc. until 1999 when Sonat and El Paso merged. The Company operates the Southern...
, which would later become Sonat Inc., spun off the company as part of an antitrust
Antitrust
The United States antitrust law is a body of laws that prohibits anti-competitive behavior and unfair business practices. Antitrust laws are intended to encourage competition in the marketplace. These competition laws make illegal certain practices deemed to hurt businesses or consumers or both,...
agreement. In 1985, the company reformed as Energen Corporation to focus on both its natural gas utility division, Alagasco, and its oil and gas exploration division, Taurus Exploration, which has now become Energen Resources. Alagasco has funded the company's dividend, while the company's Energen Resources division has funded its oil and natural gas acquisitions and development division.
Alabama Gas Corporation
Alabama Gas Corporation, Alagasco, makes up the company's natural gas utility division. The company was originally apart of Southern Natural GasSouthern Natural Gas
Southern Natural Gas Company, headquartered in Birmingham, Alabama, is a natural gas pipeline company that was founded in 1928 and is currently a division of El Paso Corporation. The company was a division of Sonat Inc. until 1999 when Sonat and El Paso merged. The Company operates the Southern...
, which later became Sonat Inc.. The company was spun off in 1953 and in 1985 became Energen Corporation, the holding company for Alagasco
Alagasco
Alabama Gas Corporation, Alagasco, headquartered in Birmingham, Alabama, is the largest natural gas utility in north and central Alabama that provides energy to 460,000 homes and businesses. Its history dates back more than 150 years. It has operating divisions in Anniston, Birmingham, Gadsden,...
and Taurus Exploration. The company is based in Birmingham, Alabama and serves the large metropolitan areas of Anniston
Anniston, Alabama
Anniston is a city in Calhoun County in the state of Alabama, United States.As of the 2000 census, the population of the city is 24,276. According to the 2005 U.S. Census estimates, the city had a population of 23,741...
, Birmingham
Birmingham, Alabama
Birmingham is the largest city in Alabama. The city is the county seat of Jefferson County. According to the 2010 United States Census, Birmingham had a population of 212,237. The Birmingham-Hoover Metropolitan Area, in estimate by the U.S...
, Gadsden
Gadsden, Alabama
The city of Gadsden is the county seat of Etowah County in the U.S. state of Alabama, and it is located about 65 miles northeast of Birmingham, Alabama. It is the primary city of the Gadsden Metropolitan Statistical Area, which has a population of 103,459. Gadsden is closely associated with the...
, Montgomery
Montgomery, Alabama
Montgomery is the capital of the U.S. state of Alabama, and is the county seat of Montgomery County. It is located on the Alabama River southeast of the center of the state, in the Gulf Coastal Plain. As of the 2010 census, Montgomery had a population of 205,764 making it the second-largest city...
, Auburn/Opelika
Opelika, Alabama
Opelika is a city in and the county seat of Lee County in the east central part of the U.S. state of Alabama. It is a principal city of the Auburn-Opelika Metropolitan Area. According to 2010 Census, the population of Opelika was 26,477...
, Selma
Selma, Alabama
Selma is a city in and the county seat of Dallas County, Alabama, United States, located on the banks of the Alabama River. The population was 20,512 at the 2000 census....
and Tuscaloosa
Tuscaloosa, Alabama
Tuscaloosa is a city in and the seat of Tuscaloosa County in west central Alabama . Located on the Black Warrior River, it is the fifth-largest city in Alabama, with a population of 90,468 in 2010...
.
Energen Resources Corporation
Energen Resources CorporationEnergen Resources Corporation
Energen Resources Corporation is the largest subsidiary of Energen Corporation, a diversified energy company headquartered in Birmingham, Alabama. It is a growing oil and gas acquisition and development company that has approximately equivalent of proved reserves in the continental United...
, originally Taurus Exploration, makes up the company's oil and gas exploration business. The company was founded in 1985 and became a holding company of Energen. The company is based in Birmingham, Alabama.