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Energen Corporation
Energen Corporation was an independent oil and natural gas exploration and production company primarily focused on the Permian Basin in West Texas and New Mexico. It was known for its high-quality, liquids-rich acreage positions and was a pure-play E&P operator. The company was acquired by Diamondback Energy in an all-stock transaction valued at approximately $9.2 billion in November 2018.
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Oil & Gas Exploration & Production CompanyDeveloperOperator
Strategic Overview
- Focused on high-growth, liquids-rich unconventional plays, primarily in the Permian Basin.
- Strategy centered on maximizing shareholder value through efficient development and production of oil and natural gas assets.
- The company's acquisition by Diamondback Energy was a significant consolidation event in the Permian Basin, aiming to create a larger, more efficient operator.
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Subscribe from €20/mo →Key People
James McManus
Chairman and CEO
Vincent Intrieri
Director
Track Record
40
Years Active
$B9.2B
Total Value
Notable projects: Permian Basin oil and gas development
Detailed Analysis
Technologies
Geographies
Deal Stage
Subsidiaries
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