Energen Adds to 2009, 2011 Hedge Position

Energen Corp.
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Energen announced today that its oil and gas exploration and production subsidiary, Energen Resources Corporation, has hedged an additional 450,000 barrels of its July-December 2009 oil production at an average NYMEX-equivalent price of $75.19 per barrel.

The U.S. driller also said it has hedged another 9.6 billion cubic feet (Bcf) of its 2011 San Juan Basin natural gas production at an average NYMEX-equivalent price of $7.40 per thousand cubic feet (Mcf) as well as an additional 600,000 barrels of 2011 sour oil production at an average NYMEX-equivalent price of $80.94 per barrel.


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