This excerpt taken from the EGN 8-K filed Jul 22, 2009.
WELL-HEDGED IN 2010 AND 2011
Energen Resources also has substantial hedge positions in 2010 and 2011 in order to help protect its cash flows and earnings from commodity price volatility. Historically an active hedger, Energen is particularly pleased to have such excellent positions for the next two calendar years given the uncertainties in the commodity markets.
Energen Resources hedge positions for 2010 and 2011 are as follows: