BIRMINGHAM, Ala.--(BUSINESS WIRE)--Oct. 27, 2004--The Board of Directors of Energen Corporation (NYSE:EGN) today declared a quarterly cash dividend of 19.25 cents per share payable December 1, 2004, to shareholders of record on November 15, 2004.

Energen Corporation is a diversified energy holding company with headquarters in Birmingham, Alabama. Its two lines of business are the acquisition and development of natural gas, oil and natural gas liquids onshore in North America and natural gas distribution in central and north Alabama. Additional information on Energen is available at www.energen.com.

    CONTACT: Energen Corporation, Birmingham
             Julie S. Ryland, 205/326-8421
             www.energen.com

    SOURCE: Energen Corporation