Energen (EGN) Tops Q3 EPS by 4c
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Energen Estimates Annual Production to Grow 20% a Year, 2017-2019
November 3, 2016 4:16 PM EDT4Q17 Exit Rate Expected to Exceed 4Q16 Exit Rate by Over 40%
New Delaware Basin Wells with Generation 3 Completions Show Substantial, Early Production Uplift
FINANCIAL AND OPERATING HIGHLIGHTS
3Q16
Production of 56.6 mboepd exceeded guidance midpoint by 2%; CY16 production guidance midpoint increased to 54.3 mboepd Cost efficiencies continued to be realized as per-unit LOE and SG&A outperformed guidance midpoint by 10 percent Energen has acquired 7,900 net acres YTD in Delaware and Midland basin focus areas at average cost of less than $14,600/acre2017... More
