Energen Completes $160 Million Sale Of Alabama Assets

摘要

Energen Corp. (NYSE: EGN) announced Oct. 9 that it closed on a previously announced sale of its Black Warrior Basin assets for $160 million. The undisclosed buyer, a limited liability corporation, also assumed Energen’s third-party operating agreements. In the fourth quarter of 2013, Energen will reflect a non-cash gain on the transaction of approximately $33 million.