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Energen Resources' CEO Discusses Delaware Basin Joint Exploration Agreement With BHP Bilition (Transcript)

Energen Corporation ( EGN)

Delaware Basin Joint Exploration Agreement with BHP Bilition Call

February 22, 2012 11:00 AM ET


Julie Ryland – IR

James McManus – Chairman, President and CEO

John Richardson – President and COO


Gabriele Sorbara – Caris & Company

Timm Schneider – Citigroup

Mario Barraza – Tuohy Brothers



Good morning. My name is Amanda and I will be your conference operator today. At this time, I would like to welcome everyone to the Energen-BHP Joint Agreement Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session.

(Operator Instructions). Thank you.

Julie Ryland

Thank you, Amanda, and good morning. Today’s conference call is being held in conjunction with Energen Corporation’s announcement last night of a joint exploration option agreement between BHP Billiton and Energen Resources Corporation, which is Energen’s oil and gas exploration and production subsidiary.

A map that details the potential joint exploration acreage has been posted to Energen’s website, and you are welcome to access that and we will be making references to the map during prepared remarks. Our comments today may include statements expressing expectations of the future plans, objectives and performance that constitute forward-looking statements made pursuant to the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995.

All statements based on future expectations are forward-looking statements that are dependent on certain events, risks and uncertainties that may be outside the company’s control and could cause actual results to differ materially from those anticipated. Please refer to the company’s periodic reports filed with the SEC for a more complete discussion of risks and uncertainties.

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