Energen Corporation: Update following change to review for upgrade - announcement of sale to Diamondback
Our credit view of Energen reflects the company’s pending acquisition by Diamondback Energy, while substantially increasing production and reserves, and maintaining strong credit metricsEnergen is an oil and natural gas exploration and production company engaged in the exploration, development and production of oil, natural gas liquids and natural gas. The company's operations are conducted through its subsidiary, Energen Resources Corporation and primarily occur within the Midland Basin, the Delaware Basin and the Central Basin Platform areas of the Permian Basin in west Texas and New Mexico. The company's operations focus on increasing production and adding proved reserves through the development of oil, natural gas liquids and natural gas properties. In addition, the company explores for and develops new reservoirs, primarily in areas in which it has an operating presence.
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