Energen Sells Alabama Coalbed Methane Play

Birmingham-based Energen Corp. pioneered coalbed methane production in the Black Warrior Basin nearly 30 years ago, but this summer it announced the sale of its reserves for $160 million to an undisclosed buyer. The company expects the sale to close October 1 and plans to use proceeds to reduce short-term debt. Most of Energen’s exploration in recent…

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