Energen Corp. is looking for acquisition opportunities. Energen's Chairman and Chief Executive Officer, James Mcmanus said, “And so I think, until we see some clarity on that kind of growth, which could be very high rate of return growth, we are only going to be looking at acquisitions where we feel like we are getting a lot of upside in addition to the proved reserves that we don't have to pay for.

Those are hard to find, large ones like that. But on a smaller scale, we do occasionally find those opportunities.”