SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported)
September 5, 1997
Energen Corporation
(Exact name of registrant as specified in its charter)
Alabama
(State or other jurisdiction of incorporation)
1-7810 63-0757759
(Commission File No.) (IRS Employer Identification No.)
2101 Sixth Avenue North
Birmingham, Alabama 35203
(Address of principal (Zip Code)
executive offices)
(205) 326-2700
(Registrant's telephone number including area code)
Item 5. Other Events
Energen is delivering to the Holders of record as of the Record
Date a consent solicitation statement, which describes the
Solicitation in more detail.
Energen Corporation today announced that it has received the
requisite consents from holders of two corporate debt obligations
to implement proposed amendments to the indentures under which
the Company issued its 8% Debentures Due February 1, 2007, and
its Series 1993 Notes. The purpose of the amendments is to remove
certain covenants which restrict Energen's ability to incur
indebtedness.
Energen has solicited consents from the holders of record of such
debt obligations at the close of business August 11, 1997.
Holders who properly deliver consents to the amendments by 5 p.m.
CDT on September 9, 1997, will receive the consent consideration
of $10 per $1,000 principal amount of the debt obligation(s)
owned by them.
Energen is a diversified energy holding company based in
Birmingham, Alabama. Its two major lines of business are natural
gas distribution and oil and gas exploration and production.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.
ENERGEN CORPORATION
DATE: September 5, 1997 By /s/ G. C. Ketcham
G. C. Ketcham
Executive Vice President,
Chief Financial Officer
and Treasurer
