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Energen, Pioneer Say Texas Production Held Back By Ice Storm

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By Darren Barbee, Hart Energy
December 3, 2013

A winter storm that blasted the Permian Basin has some companies backtracking on production numbers, including Energen Corp. (NYSE: EGN).

A storm swept in on the Friday before Thanksgiving, knocking out power in Midland. Ice storms had operators dealing with freezing compressors and gas processers. The more remote a company’s assets were, the more likely they were to be effected.

Energen said production could fall below guidance of 23.4-23.8 million barrels of oil equivalent (MMBOE).

“While all areas in the Permian Basin were affected to some degree, the company’s Midland ...

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