Energen Corp. Bought for a Premium, $9.2 Billion
Diamondback Energy Inc., based in Midland, Texas, on August 14 agreed to buy Energen Corp. for $9.2 billion.
Pumping Oil, Fighting Raiders
Energen Corp. is feasting on a chunk of assets that could surpass Saudi Arabia’s Ghawar Field as the largest oil field in the world. The company also is being circled by some hungry activist investors.
Petroleum Company Discovers Liquidity in U.K.
Fast growing Diversified Gas & Oil pulls its petroleum from venerable fields in Appalachia and went public a year ago on a London exchange.
Black Gold
More than six decades of oil and gas production in Alabama extends from Huntsville to the Gulf of Mexico.
Coconut Purveyor Marx Brothers Goes Solar
Marx Brothers Inc., a Birmingham company that imports and distributes coconut products, recently installed a rooftop solar system that can generate 35 percent of the company’s annual energy requirements.
State Water Plan Stalled
ABOVE Roy McCauley, of the Alabama Pulp and Paper Council, worries that a state water plan might put an unnecessary layer...
A Straight Up Wager on Coal
Looking for a pure play in metallurgical coal? Alabama’s Warrior Met Coal is the only one you’ll find. Question is: How many are willing to bet on coal?
Renewable Energy Waste Conversion
Recycling human waste into fertilizer may seem like an indelicate topic for polite society, but it’s an important one nonetheless. Like most...
Renewable Power Liftoff
A photo of solar panels stands out on the cover of Atlanta-based Southern Co.’s annual report, and it speaks volumes about the company’s years-long...
Alabama Power Foundation: Inside Alabama’s Largest Foundation
The Alabama Power Foundation is the largest charitable foundation in the state and the 29th largest corporate foundation in the country, according to The...