Despite the flashy deals currently zipping through the Permian, Energen Corp. (NYSE: EGN) plans to take in the scenery—and deal making—with both hands on the wheel.The Birmingham, Ala.-based company is focusing on a conservative approach to A&D with smaller, strategic purchases while taking advantage of a “bulletproof” balance sheet to push the envelope with completion designs, said James McManus, Energen’s chairman, president and CEO.“What we’ve turned to is more … let’s try to continue to trade and bolt-on around ourselves and that’s been our approach,” McManus said during the company’s fourth-quarter earnings call.
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Source: Daily Dose of ShaleDirectories.com News