Energen Corp. Dec 11
- ID: 2031680
- December 2011
- Standard & Poors
The stable attributes of its regulated subsidiary, Alabama Gas Corp., which contributes 20% of consolidated cash flow; Long-lived oil and gas reserves that provide some flexibility in capital spending; A consistent track record of generating discretionary cash flow on a consolidated basis; and Solid credit ratios for the current ratings under our long-term pricing assumptions for crude oil and natural gas. The greater contribution of higher risk exploration and production activities to consolidated cash flow; A weaker outlook for natural gas prices over the intermediate term; and Periodic acquisitions to augment growth at the company's Energen Resources Corp. subsidiary. The ratings on Energen Corp., a Birmingham, Ala.-based diversified energy holding company, reflect the consolidated credit profile of the company and...
Companies mentioned in this report are: Energen Corp.,Alabama Gas Corp.
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