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ENERGEN COMPLETES SALE OF NOTES

 BIRMINGHAM, Ala., April 19 /PRNewswire/ -- Energen Corporation (NYSE: EGN) announced today that it has completed the sale of $15 million of unsecured notes.
 Offered by the underwriter, Edward D. Jones & Co., the Series 1993 Notes mature in varying amounts on March 1 each year from 1996 to 2008 at rates ranging from 4.65 percent to 7.25 percent.
 Net proceeds will repay short-term debt incurred by Energen for the acquisition of conventional oil and gas reserves and for coalbed methane development activities.
 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- 4/19/93
 /CONTACT: Julie S. Ryland of Energen, 205-326-8421/
 (EGN)


CO: Energen Corporation ST: Alabama IN: OIL SU:

RA-BR -- AT022 -- 7571 04/19/93 16:10 EDT
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Publication:PR Newswire
Date:Apr 19, 1993
Words:138
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