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Energen YOY Permian Production Rises 26%
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Highlights:
Oil, NGL production increases 19% from prior-year 2nd quarter; Permian Basin production rises 26% Production guidance range affirmed at 26.1-26.5 MMBOE (including full year of Black Warrior Basin volumes) $101 oil hedges added in second half of 2013 Oil and natural gas liquids (NGL) volumes increased 19 percent, reflecting the company’s focus on its assets in the oil-rich Permian Basin; production in the basin grew 26 percent in the second quarter of 2013 from the same period last year.
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