Energen Declares Quarterly Dividend; Shareholders Elect Three to Board of Directors.

Energy Editors/Business Editors

BIRMINGHAM, Ala.--(BUSINESS WIRE)--April 23, 2003

The Board of Directors of Energen Corporation (NYSE: EGN) today declared a quarterly cash dividend of 18 cents per share. The dividend is payable June 2, 2003, to shareholders of record on May 15, 2003.

At the Annual Meeting of Shareholders, which preceded the regularly scheduled Board meeting, Energen shareholders re-elected two members of the Board to three-year terms. They are Judy M. Merritt, President of Jefferson State Community College, Birmingham, Alabama; and Stephen A. Snider, President and Chief Executive Officer of Universal Compression, Inc., Houston, Texas.

In addition, Gary C. Youngblood, retired President and Chief Operating Officer of Alabama Gas Corporation, Birmingham, Alabama, was elected to the Board of Directors for a three-year term.

Energen Corporation is a diversified energy holding company with headquarters in Birmingham, Alabama. Its two lines of business are natural gas distribution in central and north Alabama and the acquisition, exploitation, exploration and production of natural gas, oil and natural gas liquids onshore in North America. Additional information on Energen is available at www.energen.com.