Energen (EGN) Tops Q2 EPS by 6c
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Energen’s 2Q16 Production Exceeds Guidance Midpoint by 4%
August 8, 2016 4:15 PM EDTBroad-based Efficiency Gains Continue as Expenses Reduced
5-Well Average Production History Underscores Core Delaware Basin Potential
Highlights
Positive response to upsized (MB Generation 2) completions continued in Midland Basin Total 2Q16 production increased 7% from 1Q16; sequential growth in oil production of 8.5% 2Q16 production from Midland Basin horizontal wells increased 22% from 1Q16 CY16 production guidance midpoint raised approximately 2%, or 900 boepd 2Q per-unit LOE and SG&A declined 20% and 39% YoY, respectively... More