James T. McManus Elected President of Energen Corporation; Richardson, Sparks Assume New Roles at Energen Resources Unit
BIRMINGHAM, Ala.--(BUSINESS WIRE)--Jan. 25, 2006--Energen
Corporation's (NYSE: EGN) Board of Directors today elected James T.
McManus II, 47, as the new President and Chief Operating Officer of
the Birmingham-based diversified energy company. McManus will continue
to serve as President of Energen Resources Corporation, the company's
oil and gas acquisition and development subsidiary.
"James McManus has been the driving force behind Energen
Resources' growth from a small, niche player in coalbed methane
development in Alabama to one of the top 20 independent oil and gas
producers in the United States," said Mike Warren, 58, Energen's
Chairman and Chief Executive Officer. "In addition, James' broad
experience at Alagasco (Energen's utility subsidiary) in the financial
and rates areas and his overall role in strategic planning at all
levels of the company will serve him well as he oversees the
day-to-day operations of Energen and its two operating subsidiaries,"
Warren will remain Energen's Chairman and Chief Executive Officer.
He said that McManus' new responsibilities reflect the first step in
the succession-planning process but that there is no timetable for his
In two other executive changes, the Energen Board named John S.
Richardson, 48, as Executive Vice President and Chief Operating
Officer of Energen Resources and D. Paul Sparks Jr., 43, as Senior
Vice President of Operations.
Richardson, formerly Vice President of Acquisitions & Engineering,
will be responsible for the overall activities of Energen Resources
and will continue leading the company's oil and gas acquisition
efforts. Sparks, formerly Vice President of Operations & Exploitation,
will spearhead the company's oil and gas field operations.
McManus joined Energen in 1986 and served in numerous financial
and strategic planning capacities before being named President and
Chief Operating Officer of Energen Resources in 1997. Prior to joining
Energen, McManus was employed by Coopers & Lybrand (now,
McManus is a member of the boards and executive committees of the
Domestic Petroleum Council and U.S. Oil & Gas Association and a
past-Director of the Independent Producers Association of America
(IPAA). McManus, a Certified Public Accountant, earned a B.S. in
Accounting at the University of Alabama. He and his wife, Gale, live
in Hoover and have two children.
Richardson joined Energen Resources in 1985 and was named to his
current position in 1997. Prior to joining Energen Resources, he
worked with Shell Oil, AmSouth Bank and Jim Walter Resources. His
professional affiliations include serving on the boards of IPAA and
the Petroleum Technology Transfer Council/Eastern Gulf Region; he also
is a member of the Society of Petroleum Engineers and the Coalbed
Methane Association of Alabama. Richardson holds a bachelor's degree
in Mineral Engineering and a master's degree in Petroleum Engineering
from the University of Alabama. He and his wife, Suzanne, live in
Hoover and have two children.
Sparks joined Energen Resources in 1989 after working with Amoco
Production Company. He was named to his current position in 1998.
Sparks earned a degree in Petroleum Engineering at Mississippi State
University. His professional affiliations include serving on the
boards of the New Mexico Oil and Gas Association and the Society of
Petroleum Engineers; in 2005, he was named Engineering Fellow of
Mississippi State University. Paul and his wife, Lacy, live in
Mountain Brook and have three children.
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.
Energen Corporation, Birmingham
Julie S. Ryland, 205-326-8421
SOURCE: Energen Corporation