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Energen Sees Strong Wolfcamp Economics, Results

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Energen Sees Strong Wolfcamp Economics, Results

Energen Corporation has reported that its Permian-focused exploration and production unit, Energen Resources Corporation, is generating excellent results from its first well to test the upper Wolfcamp in the Midland Basin as well as from three upper Wolfcamp shale test wells it has drilled in the Delaware Basin.

James McManus, Energen’s Chairman and CEO, commented: "We are encouraged by the results of our upper Wolfcamp wells in the Permian Basin. We have said before that success in even one of the sub-basins would be a significant development for a company our size. When you combine the results of our own wells with recent results of other operators, we believe the outlook for success in both basins has greatly improved.

"Energen could well be a major driller in the Permian Basin for…

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