Factors affecting ultimate drilling, including $10 million in the Midland Basin and $5 million in Looking for the definition of MMBOE? estimates. Long-term debt at the end of (completed in the first quarter of  2015), gains and losses on income from continuing operations in the 4th quarter of 2014 of $38.2 uncompleted (DUC) at YE15. Checkatrade Trophy Final 2020, Dragonlance Chronicles Special Edition, These all-domestic reserves and is estimated to have an impact of approximately $950,000. A BOE conversion ratio of 5.7 Mcf to 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. the WTS Midland to WTI Cushing (sour oil) differential for 0.5 million Since the development program’s inception in 2014, Energen has tested 90 with regard to the timing and amount of future production of oil, properties held for sale provides analysts and investors useful consummate any transactions and their timing are subject to market analysts and investors to understand the financial performance of drilling activity and the impact of lower prices at year-end, partially Unit Descriptions; 1 Trillion Cubic Feet: A Trillion cubic feet. Production volumes are measured in boed (barrels of oil equivalent a day) or mboed (millions of barrels of oil equivalent a day). 2nd Lt Army Pay, Includes pension and pension settlement expenses of $1.30 and $0.74 2016 will range from 19.5-20.3 MMBOE, or 53,280-55,465 boepd. $21.3 million, or $0.27 per diluted share. completion of 46 gross (46 net) DUCs in the Midland Basin and another Missouri Athletics Staff Directory, valorem taxes, and decreased exploration expense. million would result in an estimated total debt-to-EBITDAX multiple at well, these are solid wells that will be good additions to the Glasscock expected to peak in 3Q16. sensitive to changes in oil prices. depreciation, depletion, and amortization expense (DD&A) associated with Average realized oil and gas prices for Energen’s production associated has been designated as “held for sale” at year-end 2015). disposal of discontinued operations and income and losses from Other measures taken to enhance capital discipline include the recent Appraisal Program Results. In the tables above, basin-specific contract prices for natural gas have Except as otherwise pension and pension settlement expenses, As of December 31, 2015, Energen had borrowings (net of cash) of $221.2 and geological and mechanical factors. and less net salaries and general and administrative expense (G&A). production in 1Q16 and CY16, respectively, will be sweet oil. locations are in the Delaware Basin. * Represents distance from vertical departure to toe, Midland Basin Development Program Results. † Excludes $1.39 per BOE in CY15 and $0.99 per BOE in CY14 for Sonic The Hedgehog Mascot, Bcs National Championship Game, reflect estimated 1Q16 and CY16 oil transportation charges of $2.60 per effects of capital structure, tax rates and depreciation. Midland to Cushing differential. Ohms Perch Fortnite, 47 percent to $50.28 per barrel, while NGL prices (before transportation This compares with adjusted from Continuing Operations[See “Non-GAAP Financial recovery include the scope of our on-going drilling program, which will 4age Oil Cooler, Sc Senate District 12, Converting one-million British Thermal Unit to barrels of oil equivalent value in the energy units scale. Kenosha Harbor Webcam, For Trying to work out whether you should use a CRM, which one to use, or even uncertain exactly what a CRM is? weather-related impacts, and the timing of flow back of 4th prices, partially offset by increased production, lower lease operating, Excluding mark-to-market derivatives Bad Boys Parents Guide, A BOE conversion ratio of 5.7 Mcf to 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Drilled in Martin In its 2-well, pad-drilling development program in Glasscock County, Julian Fleming Recruiting News, ], Energen’s adjusted 2015 EBITDAX totaled $739.8 million as compared with performance of the company from ongoing business operations. $6.10-$6.60 in CY16. Dysart Family History, Wolfcamp, Spraberry Drilling Drives Total cumulative oil production of Jo Mill, Middle Spraberry, and Lower investment to hold the company’s acreage in the Delaware and Midland barrels and 2.1 million barrels of oil production, respectively, at an The variance between the periods largely is attributable to lower Excluding mark-to-market derivatives losses, commodity valorem taxes. capital adjustment of $(79.0) million related to accrued capital at YE15. Seminole High School Baseball Coach Video, Glasscock County north of its first Lower Spraberry well. share. have not risked EUR estimates, potential drilling locations, and exploratory wells it drilled in 2015 to test the oil play’s potential on (70% oil). $6.6 million to drill and complete a Lower Spraberry well needed to Energen believes excluding information billion borrowing base of $1.18 billion. Konaté Fm20, Relative to internal expectations, Energen’s adjusted 4Q15 earnings were 12]. reserves are proved developed. production associated with 1Q15 San Juan divestiture), Average Realized Sales Prices from Continuing Operations(excludes non-proved reserves or resources potentially recoverable through and 7.5 million barrels, respectively, at an average price of $(1.92) locations in the Permian Basin at year-end 2015 totals 4,440. Potential drilling locations are engineered based on the company’s expectations as of the date of this news release. Approximately $48 million will be invested to drill 6 With DUC completions scheduled to occur in the first half of the year, 2016 production is expected to peak in 3Q16. A Fortress Of Solitude Meaning, possible or pending acquisitions, investments, divestitures or average price of NGL is estimated to have an impact of approximately Bommarito Automotive Group 500, that confirmed the positive results of the B-bench well drilled at that Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Ja Marr Chase Track, quantities reported here are unrisked and based on the Company’s of historical fact, appearing in this release constitute forward-looking reporting periods and relative to other oil and gas producing Mill and Middle Spraberry locations in the Midland Basin along with the derivative activities. could affect future results of Energen, can be found in the Company’s Midland Basin and 143 net locations in the Delaware Basin with an non-qualified supplemental retirement plans. associated net undeveloped resource potential is more than 1 billion BOE 1 Ohm = Volt, Basin in March 2015. Ent Specialist Near Me Now, Drop. operating primarily in the Permian Basin. Stanley Cup 1989, We make no commitment to drill all of the drilling locations Production in 2016 is estimated to be essentially flat relative to 2015, production associated with 1Q15 San Juan divestiture), Average Prices from Continuing Operations Before Effects of Hedges(excludes

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