Energen (EGN) 8-K Energen’s New Gen 3 Wells Delivering Outstanding Resultsin All Key Areasof Permian Operations

Exhibit 99.2

CONSOLIDATED STATEMENTSOF OPERATIONS (UNAUDITED)

For the 3 months ending June 30, 2017 and 2016

	2nd Quarter
(in thousands, except per share data)	2017			2016			Change
Revenues
Oil, natural gas liquids and natural gas sales	$	218,723		$	171,637		$	47,086
Gain (loss) on derivative instruments, net		38,101			(65,872	)		103,973
Total revenues		256,824			105,765			151,059
Operating Costs and Expenses
Oil, natural gas liquids and natural gas production		43,909			42,840			1,069
Production and ad valorem taxes		13,218			11,265			1,953
Depreciation, depletion and amortization		121,549			117,035			4,514
Asset impairment		29			—			29
Exploration		1,998			1,520			478
General and administrative(including stock based compensation of $3,191 and $5,504 for the three months ended June 30, 2017, and 2016, respectively)		19,792			23,548			(3,756	)
Accretion of discount on asset retirement obligations		1,443			1,779			(336	)
(Gain) loss on sale of assets and other		172			(161,097	)		161,269
Total operating costs and expenses		202,110			36,890			165,220
Operating Income		54,714			68,875			(14,161	)
Other Income (Expense)
Interest expense		(9,145	)		(9,038	)		(107	)
Other income		45			63			(18	)
Total other expense		(9,100	)		(8,975	)		(125	)
Income Before Income Taxes		45,614			59,900			(14,286	)
Income tax expense		16,133			23,141			(7,008	)
Net Income	$	29,481		$	36,759		$	(7,278	)
Diluted Earnings Per Average Common Share	$	0.30		$	0.38		$	(0.08	)
Basic Earnings Per Average Common Share	$	0.30		$	0.38		$	(0.08	)
Diluted Average Common Shares Outstanding		97,693			97,389			304
Basic Average Common Shares Outstanding		97,189			97,067			122

CONSOLIDATED STATEMENTSOF OPERATIONS (UNAUDITED)

For the 6 months ending June 30, 2017 and 2016

	Year-to-date
(in thousands, except per share data)	2017			2016			Change
Revenues
Oil, natural gas liquids and natural gas sales	$	395,098		$	294,401		$	100,697
Gain (loss) on derivative instruments, net		102,647			(60,417	)		163,064
Total revenues		497,745			233,984			263,761
Operating Costs and Expenses
Oil, natural gas liquids and natural gas production		85,197			90,567			(5,370	)
Production and ad valorem taxes		26,038			22,435			3,603
Depreciation, depletion and amortization		221,201			236,397			(15,196	)
Asset impairment		1,489			220,025			(218,536	)
Exploration		5,634			1,762			3,872
General and administrative(including stock based compensation of $6,388 and $7,975 for the six months ended June 30, 2017, and 2016, respectively)		40,191			53,073			(12,882	)
Accretion of discount on asset retirement obligations		2,857			3,536			(679	)
Gain on sale of assets and other		(1,003	)		(160,875	)		159,872
Total operating costs and expenses		381,604			466,920			(85,316	)
Operating Income (Loss)		116,141			(232,936	)		349,077
Other Income (Expense)
Interest expense		(18,111	)		(18,871	)		760
Other income		428			159			269
Total other expense		(17,683	)		(18,712	)		1,029
Income (Loss) Before Income Taxes		98,458			(251,648	)		350,106
Income tax expense (benefit)		35,574			(85,291	)		120,865
Net Income (Loss)	$	62,884		$	(166,357	)	$	229,241
Diluted Earnings Per Average Common Share	$	0.64		$	(1.81	)	$	2.45
Basic Earnings Per Average Common Share	$	0.65		$	(1.81	)	$	2.46
Diluted Average Common Shares Outstanding		97,648			91,850			5,798
Basic Average Common Shares Outstanding		97,165			91,850			5,315

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

As of June 30, 2017 and December 31, 2016

(in thousands)	June 30, 2017		December 31, 2016
ASSETS
Current Assets
Cash and cash equivalents	$	498	$	386,093
Accounts receivable, net		104,359		73,322
Inventories, net		18,263		14,222
Derivative instruments		39,063		50
Income tax receivable		301		27,153
Prepayments and other		4,410		5,071
Total current assets		166,894		505,911
Property, Plant and Equipment
Oil and natural gas properties, net		4,513,743		4,016,683
Other property and equipment, net		45,241		44,869
Total property, plant and equipment, net		4,558,984		4,061,552
Other postretirement assets		3,595		3,619
Noncurrent derivative instruments		9,534		—
Other assets		7,725		8,741
TOTAL ASSETS	$	4,746,732	$	4,579,823
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Long-term debt due within one year		17,000		24,000
Accounts payable		65,770		65,031
Accrued taxes		12,734		7,252
Accrued wages and benefits		15,709		25,089
Accrued capital costs		95,509		79,988
Revenue and royalty payable		48,332		51,217
Derivative instruments		481		65,467
Other		17,778		20,160
Total current liabilities		273,313		338,204
Long-term debt		659,158		527,443
Asset retirement obligations		84,867		81,544
Deferred income taxes		532,605		495,888
Noncurrent derivative instruments		502		3,006
Other long-term liabilities		8,545		13,136
Total liabilities		1,558,990		1,459,221
Total Shareholders’ Equity		3,187,742		3,120,602
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	4,746,732	$	4,579,823

SELECTED BUSINESS SEGMENT DATA (UNAUDITED)

For the 3 months ending June 30, 2017 and 2016

	2nd Quarter
(in thousands, except sales price and per unit data)	2017			2016			Change
Operating and production data
Oil, natural gas liquids and natural gas sales
Oil	$	182,701		$	146,360		$	36,341
Natural gas liquids		18,634			13,928			4,706
Natural gas		17,388			11,349			6,039
Total	$	218,723		$	171,637		$	47,086
Open non-cash mark-to-market gains (losses) on derivative instruments
Oil	$	31,067		$	(54,729	)	$	85,796
Natural gas liquids		4,530			—			4,530
Natural gas		1,737			(5,896	)		7,633
Total	$	37,334		$	(60,625	)	$	97,959
Closed gains (losses) on derivative instruments
Oil	$	152		$	(6,297	)	$	6,449
Natural gas liquids		(80	)		—			(80	)
Natural gas		695			1,050			(355	)
Total	$	767		$	(5,247	)	$	6,014
Total revenues	$	256,824		$	105,765		$	151,059
Production volumes
Oil (MBbl)		4,102			3,558			544
Natural gas liquids (MMgal)		51.6			44.8			6.8
Natural gas (MMcf)		7,596			7,296			300
Total production volumes (MBOE)		6,596			5,841			755
Average daily production volumes
Oil (MBbl/d)		45.1			39.1			6.0
Natural gas liquids (MMgal/d)		0.6			0.5			0.1
Natural gas (MMcf/d)		83.5			80.2			3.3
Total average daily production volumes (MBOE/d)		72.5			64.2			8.3
Average realized prices excluding effects of open non-cash mark-to-market derivative instruments
Oil (per barrel)	$	44.58		$	39.37		$	5.21
Natural gas liquids (per gallon)	$	0.36		$	0.31		$	0.05
Natural gas (per Mcf)	$	2.38		$	1.70		$	0.68
Average realized prices excluding effects of all derivative instruments
Oil (per barrel)	$	44.54		$	41.14		$	3.40
Natural gas liquids (per gallon)	$	0.36		$	0.31		$	0.05
Natural gas (per Mcf)	$	2.29		$	1.56		$	0.73
Costs per BOE
Oil, natural gas liquids and natural gas production expenses	$	6.66		$	7.34		$	(0.68	)
Production and ad valorem taxes	$	2.00		$	1.93		$	0.07
Depreciation, depletion and amortization	$	18.43		$	20.04		$	(1.61	)
Exploration expense	$	0.30		$	0.26		$	0.04
General and administrative	$	3.00		$	4.03		$	(1.03	)
Capital expenditures (including acquisitions)	$	336,111		$	92,962		$	243,149

SELECTED BUSINESS SEGMENT DATA (UNAUDITED)

For the 6 months ending June 30, 2017 and 2016

	Year-to-date
(in thousands, except sales price and per unit data)	2017			2016			Change
Operating and production data
Oil, natural gas liquids and natural gas sales
Oil	$	329,371		$	248,517		$	80,854
Natural gas liquids		34,268			22,517			11,751
Natural gas		31,459			23,367			8,092
Total	$	395,098		$	294,401		$	100,697
Open non-cash mark-to-market gains (losses) on derivative instruments
Oil	$	89,125		$	(56,428	)	$	145,553
Natural gas liquids		11,617			—			11,617
Natural gas		8,961			(4,454	)		13,415
Total	$	109,703		$	(60,882	)	$	170,585
Closed gains (losses) on derivative instruments
Oil	$	(5,858	)	$	(1,203	)	$	(4,655	)
Natural gas liquids		(1,545	)		—			(1,545	)
Natural gas		347			1,668			(1,321	)
Total	$	(7,056	)	$	465		$	(7,521	)
Total revenues	$	497,745		$	233,984		$	263,761
Production volumes
Oil (MBbl)		7,098			6,944			154
Natural gas liquids (MMgal)		85.3			84.8			0.5
Natural gas (MMcf)		13,326			14,742			(1,416	)
Total production volumes (MBOE)		11,350			11,421			(71	)
Average daily production volumes
Oil (MBbl/d)		39.2			38.2			1.0
Natural gas liquids (MMgal/d)		0.5			0.5			—
Natural gas (MMcf/d)		73.6			81.0			(7.4	)
Total average daily production volumes (MBOE/d)		62.7			62.8			(0.1	)
Average realized prices excluding effects of open non-cash mark-to-market derivative instruments
Oil (per barrel)	$	45.58		$	35.62		$	9.96
Natural gas liquids (per gallon)	$	0.38		$	0.27		$	0.11
Natural gas (per Mcf)	$	2.39		$	1.70		$	0.69
Average realized prices excluding effects of all derivative instruments
Oil (per barrel)	$	46.40		$	35.79		$	10.61
Natural gas liquids (per gallon)	$	0.40		$	0.27		$	0.13
Natural gas (per Mcf)	$	2.36		$	1.59		$	0.77
Costs per BOE
Oil, natural gas liquids and natural gas production expenses	$	7.51		$	7.93		$	(0.42	)
Production and ad valorem taxes	$	2.29		$	1.96		$	0.33
Depreciation, depletion and amortization	$	19.49		$	20.70		$	(1.21	)
Exploration expense	$	0.50		$	0.15		$	0.35
General and administrative	$	3.54		$	4.65		$	(1.11	)
Capital expenditures (includes acquisitions)	$	720,246		$	217,050		$	503,196