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Energen Grows Production with Wolfcamp Ops; 4Q, Full Year Results
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Energen Corp. has reported its fourth quarter and full-year results for 2014.
Production in the 4th quarter was near the low end of the company’s guidance range due to the timing of completions and a longer-than-estimated flow-back period for certain wells in the Midland Basin; and in the Delaware Basin, a third-party handling issue associated with liquids in the gas stream negatively affected 4th quarter production by approximately 80,000 barrels of oil equivalents (BOE). In addition, severe weather in late December impacted 4th quarter production by approximately 30,000 BOE.
James McManus, chairman and chief executive officer of Energen Corporation, commented: "Making responsible capital allocation decisions in a declining commodity price environment is never easy and requires some…
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