# Energen

> Energen Corporation was a Birmingham-based oil and natural gas producer that evolved from a utility holding company into a Permian Basin specialist. Diamondback Energy acquired it in November 2018, ending its independent public listing. Its business centered on developing acreage and selling oil, natural gas liquids and natural gas to wholesale buyers.

- **Founded:** 1978
- **Headquarters:** Birmingham, United States
- **Products:** Crude oil production, Natural gas and natural gas liquids, Alagasco gas distribution (historical)
- **Notable:** Completed its transition to a pure Permian Basin operator in 2016., Reported third-quarter 2018 production of 103,100 barrels of oil equivalent per day, about 4% above guidance midpoint., Completed the Diamondback merger on November 29, 2018.

## Products & services

- **Crude oil production** — Exploration, drilling, completion and production through Energen Resources, principally in the Permian Basin; sold to third-party purchasers.
- **Natural gas and natural gas liquids** — Produced alongside oil and sold into wholesale energy markets.
- **Alagasco gas distribution (historical)** — Regulated Alabama natural gas utility, sold to Laclede in September 2014.

## Achievements

- Completed its transition to a pure Permian Basin operator in 2016.
- Reported third-quarter 2018 production of 103,100 barrels of oil equivalent per day, about 4% above guidance midpoint.
- Completed the Diamondback merger on November 29, 2018.

## Latest updates

- **2018-11** — Diamondback completed the merger on November 29; Energen shares ceased their separate NYSE listing.
- **2018-11** — On November 7, Energen reported Q3 production of 103.1 thousand BOE per day and a GAAP net loss of $26.6 million.
- **2018-08** — Diamondback and Energen announced the all-stock transaction on August 14.

## Links

- Website: https://energen.com
- LinkedIn: https://www.linkedin.com/company/energen
- Twitter/X: https://twitter.com/energen
- Facebook: https://facebook.com/EnergenCorporation/

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Profile page: https://yespress.io/energen
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Last updated: 2026-10-22