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The story
In 1999, Energen Resources Corporation completed the sale of its interest in 33 federal Gulf of Mexico blocks to Bellwether Exploration Company (Nasdaq: BELW) of Houston for $17 million.
On April 8, 2002, Energen Resources, the oil and gas acquisition and exploitation subsidiary of Energen Corporation, completed its planned acquisition of Permian Basin oil properties.
On August 2, 2004, Energen Resources closed on its previously announced purchase of San Juan Basin coalbed methane properties from a private company, for an adjusted purchase price of $263 million.
From 2009-2012, ERC invested about $1 billion in acquisitions to increase land position in the Permian Basin and accelerate oil growth.
In 2013 ERC sold its Black Warrior properties so that it could focus on developing Permian Basin properties.
in 2018 Energen was acquired by Diamondback Energy Inc.
From Wikipedia’s article on Energen Resources Corporation, shared under CC BY-SA 4.0.5