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Energen Corporation

company

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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Founded 1978 350 employees Parent: Diamondback Energy
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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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
Oil & Gas
Geographies
USANorth America
Deal Stage
GreenfieldOperating

Subsidiaries

Energen Resources Corporation

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