Energen Raises 2017 Production Guidance on Strength of Gen 3 Frac Performance

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Energen Corporation (NYSE: EGN) today announced that it is raising its 2017 production guidance on the continued strength of results from wells completed with the Generation 3 frac design. In light of this performance, and following an in-depth review of the company’s business plan, strategic alternatives, and the macroeconomic backdrop of the energy industry, the Board of Directors of Energen also announced that it has unanimously determined that continuing to execute the company’s business plan is the best path to enhancing shareholder value.