UNITED STATES
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
September 24, 2007
| | | | | | |
Commission File Number | | Registrant | | State of Incorporation | | IRS Employer Identification Number |
| 1-7810 | | Energen Corporation | | Alabama | | 63-0757759 |
| 2-38960 | | Alabama Gas Corporation | | Alabama | | 63-0022000 |
| | |
605 Richard Arrington Jr. Boulevard North Birmingham, Alabama | | 35203 |
| (Address of principal executive offices) | | (Zip Code) |
(205) 326-2700
(Registrant’s telephone number including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
On September 24, 2007, Moody’s Investors Service: (1) downgraded the debt ratings of Energen Corporation (senior unsecured) to Baa3 from Baa2; and (2) confirmed the debt ratings of Alabama Gas Corporation (senior unsecured) at A1. Both companies’ ratings outlooks were changed to “Stable” from “Rating Under Review.” In a news release announcing its decisions, Moody’s said the downgrade of Energen’s debt ratings reflected the assignment of more weight to the parent company’s increased exposure to oil and gas exploration and production operations.
The information provided in this Form 8-K is furnished to, but not filed with, the Commission.
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SIGNATURES
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 |
| | ALABAMA GAS CORPORATION |
| | |
| September 26, 2007 | | By | | /s/ Charles W. Porter, Jr. |
| | | | Charles W. Porter, Jr. |
| | | | Vice President, Chief Financial Officer and Treasurer of Energen Corporation and Alabama Gas Corporation |
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