Energen (EGN -6.9%) slides on wide Q3 miss late yesterday. Net earnings plunged 98% as the...

|About: Energen Corporation (EGN)|By:, SA News Editor

Energen (EGN -6.9%) slides on wide Q3 miss late yesterday. Net earnings plunged 98% as the company saw a 27% drop in operating revenue for oil and gas operations and a 30% plunge in natural-gas prices. The company says it plans to cut investment in natural-gas production this year due to the low prices, and turn its attention instead to its oil-and liquids-rich Permian Basin operations in Texas.