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OilStockReport

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OilStockReport

Re: frenchee post# 13

Wednesday, 11/24/2010 1:45:18 PM

Wednesday, November 24, 2010 1:45:18 PM

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Energen (NYSE:EGN) will spend approximately $353 million in 2010 on oil and gas exploration and production activities. The company plans to increase this capital spending to $510 million in 2011. This extra spending is powered by a large increase in development spending in the Permian Basin, a mature area in Texas and New Mexico that has seen a resurgence of activity over the last two years.

This is not an offer to buy or sell securities or any kind of investment advice. Oil investment carries very high risks so consult a licensed professional making any decisions. My track record is real time @TurnKeyOil

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