After seeing some of the major attention Energen (NYSE:EGN) is getting from some serious players, it is definitely worth taking a look at exactly what it is that is drawing them to the energy company.
Energen Resources Corporation is a producer of domestic oil, natural gas, and natural gas liquids. Over 90 percent of proved reserves of Energen are located in the Permian Basin in Texas and in the San Juan Basin in Colorado and New Mexico.
The company has proved reserves of 343 million barrels of oil equivalents (MMBOE), with an additional 598 MMBOE of probable and possible reserves. The proved reserves were about the same in 2011 and 2012 because of the drop in prices of...
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