Printer Friendly

ENERGEN SIGNS SECOND LONG-TERM CONSULTING AGREEMENT IN UNITED KINGDOM

 BIRMINGHAM, Ala., March 24 /PRNewswire/ -- Energen Corporation's (NYSE: EGN) Taurus Exploration UK Limited has signed a long-term technical services agreement with Kinetica Limited.
 Taurus, a co-applicant with Kinetica on two license positions in central England, will assist in the evaluation and development of the coalbed methane potential there.
 Taurus Exploration UK Limited is a wholly owned subsidiary of Energen's Taurus Exploration Inc., the leading producer of coalbed methane in the eastern United States. Taurus has been involved in exploring for and developing this nonconventional source of natural gas since 1985 and, last year, expanded its activities to include operating and consulting for others. In addition to projects in Alabama's Black Warrior Basin, the Kinetica agreement is Taurus's third multi-year consulting contract outside the United States. Taurus announced a similar consulting agreement with the U.K.'s Eastern Generation Services Limited in September.
 Kinetica is a joint venture company owned by Conoco (U.K.) Ltd, one of the U.K.'s leading oil and gas producers, and PowerGen plc, one of the U.K.'s major electricity generators. Kinetica is the leading independent gas supplier to the industrial and commercial gas markets in the United Kingdom.
 "The characteristics of coalbeds in the United Kingdom are similar to those in the Black Warrior Basin, where Taurus operates more than 760 producing coalbed methane wells," said Rex J. Lysinger, Energen's chairman and chief executive officer. "Because of our experience and staff talent, we feel Taurus can play a vital role in helping other companies develop nonconventional energy resources."
 Energen is a diversified energy company based in Birmingham. Its two major lines of business are natural gas distribution and oil and gas exploration and production.
 -0- 3/24/93
 /CONTACT: Analysts: Julie S. Ryland, 205-326-8421, or Media: Susan C. Love, 205-326-9212, both of Energen/
 (EGN)


CO: Energen Corporation; Taurus Exploration UK Limited; Kinetica
 Limited ST: Alabama IN: OIL SU:


BR-BN -- AT004 -- 9162 03/24/93 14:01 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 24, 1993
Words:324
Previous Article:MICRON TECHNOLOGY INC. REPORTS SECOND-QUARTER 1993 RESULTS
Next Article:AT&T BOARD CHAIRMAN SPEAKS TO HOUSE SUBCOMMITTEE ON TELECOMMUNICATIONS
Topics:


Related Articles
ENERGEN, ALAGASCO FILE REGISTRATION STATEMENTS
SONAT, ENERGEN UNITS ENTER JOINT ACQUISITION AGREEMENT
Energen Retains Sole Ownership of 100 Bcf Reserve Acquisition
Energen Files Shelf Registration Statement
Energen Corporation, Invites You to Join its Second Quarter Conference Call on the Web.
Energen Resources Signs Agreement to Sell Offshore Gulf of Mexico Properties.
Energen's Quarterly Earnings Conference Call Broadcast Live on the Internet.
Energen's Second Quarter 2001 Earnings Conference Call Broadcast Live on the Internet.
Energen FY02 Earnings Outlook Affected by Low Commodity Prices.
Energen Resources to Acquire Permian Basin Properties for Cash, Equity.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters