8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report

July 18, 2003

Energen Corporation

(Exact name of registrant as specified in its charter)

Alabama

(State or other jurisdiction of incorporation)

1-7810	63-0757759
(Commission File No.)	(IRS Employer Identification No.)
605 Richard Arrington, Jr. Boulevard North
Birmingham, Alabama	35203-2707
(Address of principal executive offices)	(Zip Code)

(205) 326-2700

(Registrant's telephone number including area code)

Item 5. Other Events

Energen Corporation ("Energen") is filing this Current Report on Form 8-K commenting on the completion of the sale of 1,000,000 shares of common stock. On July 17, 2003, Energen issued a press release describing the sale. The press release is attached as Exhibit 99 and incorporated as part of this Current Report on Form 8-K.

Item 7. Financial Statements and Exhibits

The following exhibit is filed as part of this Current Report on Form 8-K.

EXHIBIT NO.	EXHIBIT
99	Press Release dated July 17, 2003

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	ENERGEN CORPORATION
DATE: July 18, 2003	By /S/ GRACE B. CARR
	GRACE B. CARR
	VICE PRESIDENT AND CONTROLLER
	ENERGEN CORPORATION

EX-99

News Release

Energen

FOR IMMEDIATE RELEASE

Contract: Julie Ryland (205) 326-8421

Energen Corporation comments on the sale of 1,000,000 shares of common stock.

EXHIBIT	INDEX TO EXHIBITS
99	Press Release dated July 17, 2003

Energen Corporation

605 Richard Arrington, Jr. Blvd. North

Birmingham, Alabama 35203-2707

Energen Completes Sale of Common Stock

Birmingham, Alabama - Energen Corporation (NYSE: EGN) today said that it has completed the sale of 1,000,000 shares of its common stock at an average price of $33.30 per share through the periodic draw-down of shares in a shelf registration. Cantor Fitzgerald & Co. served as Energen's sales agent. The sale of shares began May 9, 2003, and concluded on July 16, 2003. Net proceeds of $32.4 million will be used to repay short-term debt incurred to finance the oil and gas property acquisition program of Energen Resources Corporation, the Company's oil and gas acquisition and exploitation subsidiary.

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

FORWARD-LOOKING STATEMENTS

This release contains statements expressing expectations of future plans, objectives and performance that constitute forward-looking statements made pursuant to the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. Except as otherwise disclosed, the Company's forward-looking statements do not reflect the impact of possible or pending acquisitions, divestitures or restructurings. We undertake no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise. All statements based on future expectations rather than on historical facts are forward-looking statements that are dependent on certain events, risks and uncertainties that could cause actual results to differ materially from those anticipated. In addition, the Company cannot guarantee the absence of errors in input data, calculations and formulas used in its estimates, assumptions and forecasts. A discussion of risks and uncertainties, which could affect future results of Energen and its subsidiaries, is included in the Company's periodic reports filed with the Securities and Exchange Commission.