Energen Unit Adds to Bone Spring/Avalon Acreage Position for $37M

Energen Corporation EGN today announced that its oil and gas exploration and production company, Energen Resources Corporation, has purchased five-year leases for more than 11,000 net acres in the Bone Spring and Avalon shale trends in the Permian Basin in the Texas General Land Office sealed bid sale. The total purchase price was $37 million.