Rule 424(b)(2)
Registration No. 333-11239
PRICING SUPPLEMENT NO. 1 , DATED September 17, 1996
(To Prospectus dated September 13, 1996 and Prospectus Supplement
dated September 13, 1996)
ENERGEN CORPORATION
Medium-Term Notes, Series A
CUSIP #29265AAA4
FIXED RATE NOTE
Trade Date: 9/17/96
Principal Amount: $ 3,000,000
Original Issue Date: 9/20/96
Issue Price: 100% (Par)
Commission Rate: 0.750%
Net Proceeds: $ 2,977,500
Interest Rate Per Annum: 8.09 %
Stated Maturity Date: 9/15/26
Interest Payment Dates: April 1 and October 1
Presenting Agent: Smith Barney Inc., as agent
Additional Terms:
Callable after 10 years with payment of a premium of
4.045% declining pro-rata annually to 20 years after
which no premium is required.
