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Add Energen (EGN) to the list of energy companies scaling back in natural gas. Citing low...
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Monday, February 13, 2012, 8:43 AM ETAdd Energen (EGN) to the list of energy companies scaling back in natural gas. Citing low prices, EGN says it’s cutting ~$45M from planned capital investment in the San Juan Basin region for 2012 and will concentrate its capex in the Permian Basin. EGN also agrees to buy Permian Basin's Wolfberry play in Texas for $65.8M.
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