0001193125-18-027615.txt : 20180131 0001193125-18-027615.hdr.sgml : 20180131 20180131171203 ACCESSION NUMBER: 0001193125-18-027615 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20180131 DATE AS OF CHANGE: 20180131 GROUP MEMBERS: KEITH MEISTER GROUP MEMBERS: VINCENT J. INTRIERI SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ENERGEN CORP CENTRAL INDEX KEY: 0000277595 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 630757759 STATE OF INCORPORATION: AL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-34699 FILM NUMBER: 18563600 BUSINESS ADDRESS: STREET 1: 605 RICHARD ARRINGTON JR BLVD N CITY: BIRMINGHAM STATE: AL ZIP: 35203-2707 BUSINESS PHONE: 2053262997 MAIL ADDRESS: STREET 1: 605 RICHARD ARRINGTON JR BLVD N CITY: BIRMINGHAM STATE: AL ZIP: 35203 FORMER COMPANY: FORMER CONFORMED NAME: ALAGASCO INC DATE OF NAME CHANGE: 19851002 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Corvex Management LP CENTRAL INDEX KEY: 0001535472 IRS NUMBER: 274190685 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 667 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10065 BUSINESS PHONE: (212) 474 6700 MAIL ADDRESS: STREET 1: 667 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10065 SC 13D/A 1 d532541dsc13da.htm AMENDMENT NO. 9 TO SCHEDULE 13D Amendment No. 9 to Schedule 13D

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 9)*

 

 

ENERGEN CORPORATION

(Name of Issuer)

COMMON STOCK, $0.01 PAR VALUE

(Title of Class of Securities)

29265N108

(CUSIP Number)

Keith Meister

Patrick J. Dooley, Esq.

Corvex Management LP

667 Madison Avenue

New York, NY 10065

(212) 474-6700

Jeffrey L. Kochian

Akin Gump Strauss Hauer & Feld LLP

One Bryant Park

New York, NY 10036

(212) 872-8069

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

January 31, 2018

(Date of Event Which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  ☐

 

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

 

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 


CUSIP No. 29265N108

 

  1.   

Name of Reporting Person:

 

CORVEX MANAGEMENT LP

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions):

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only:

 

  4.  

Source of Funds (See Instructions):

 

AF

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e):  ☐

 

  6.  

Citizenship or Place of Organization:

 

DELAWARE

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

     7.    

Sole Voting Power:

 

9,710,474*

     8.   

Shared Voting Power:

 

0

     9.   

Sole Dispositive Power:

 

9,710,474*

   10.   

Shared Dispositive Power:

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

9,710,474*

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):  ☐

 

13.  

Percent of Class Represented by Amount in Row (11):

 

9.9%*

14.  

Type of Reporting Person (See Instructions):

 

PN, IA

 

* See Item 5.


CUSIP No. 29265N108

 

  1.   

Name of Reporting Person:

 

KEITH MEISTER

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions):

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only:

 

  4.  

Source of Funds (See Instructions):

 

AF

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e):  ☐

 

  6.  

Citizenship or Place of Organization:

 

United States

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

     7.    

Sole Voting Power:

 

9,710,474*

     8.   

Shared Voting Power:

 

0

     9.   

Sole Dispositive Power:

 

9,710,474*

   10.   

Shared Dispositive Power:

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

9,710,474*

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):  ☐

 

13.  

Percent of Class Represented by Amount in Row (11):

 

9.9%*

14.  

Type of Reporting Person (See Instructions):

 

IN, HC

 

* See Item 5.


CUSIP No. 29265N108

 

  1.   

Name of Reporting Person:

 

VINCENT J. INTRIERI

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions):

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only:

 

  4.  

Source of Funds (See Instructions):

 

PF

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e):  ☐

 

  6.  

Citizenship or Place of Organization:

 

United States

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

     7.    

Sole Voting Power:

 

10,500

     8.   

Shared Voting Power:

 

0

     9.   

Sole Dispositive Power:

 

10,500

   10.   

Shared Dispositive Power:

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

10,500

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):  ☐

 

13.  

Percent of Class Represented by Amount in Row (11):

 

Less than 0.1%

14.  

Type of Reporting Person (See Instructions):

 

IN


This Amendment No. 9 supplements the information set forth in the Schedule 13D filed by Corvex Management LP and Keith Meister with the United States Securities and Exchange Commission (the “SEC”) on May 31, 2017, as previously amended (the “Schedule 13D”), relating to the shares of common stock, par value $0.01 per share (the “Shares”), of Energen Corporation, an Alabama corporation (the “Issuer”). Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Schedule 13D.

The information set forth in response to each separate Item below shall be deemed to be a response to all Items where such information is relevant. The Schedule 13D is supplementally amended as follows.

 

Item 2. Identity and Background

This statement on Schedule 13D is filed on behalf of Corvex Management LP, a Delaware limited partnership (“Corvex”), Keith Meister, a U.S. citizen (“Mr. Meister”, and together with Corvex, the “Corvex Persons”), and Vincent J. Intrieri, a U.S. citizen (collectively, the “Reporting Persons”). This statement relates to Shares held for the accounts of certain private investment funds for which Corvex acts as investment adviser, including Corvex Master Fund, LP and Corvex Select Equity Master Fund LP, each a Cayman Islands limited partnership, the general partner of each of which is controlled by Mr. Meister (collectively, the “Corvex Funds”) and Shares held for the account of Mr. Intrieri. The general partner of Corvex is controlled by Mr. Meister.

The information included for each Reporting Person has been provided by such Reporting Person and each Reporting Person is responsible for such Reporting Person’s information included in this Schedule 13D.

The principal business address of the Corvex Persons is 667 Madison Avenue, New York, NY 10065. The principal business of Corvex is serving as the investment adviser of private investment funds, whose principal business is investing in securities. Mr. Meister’s principal occupation is serving as the Managing Partner of Corvex.

The principal business address of Mr. Intrieri is 8900 Biscayne Blvd., Suite 3006, Miami, Florida 33132. Mr. Intrieri’s principal occupation is serving as President and Chief Executive Officer of VDA Capital Management LLC, a private investment firm, which he founded in January 2017.

A joint filing agreement of Corvex, Mr. Meister and Mr. Intrieri is attached hereto as Exhibit 10.

During the last five years, none of Corvex, Mr. Meister, any of the Corvex Funds or Mr. Intrieri has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or has been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

Item 3. Source and Amount of Funds or Other Consideration

Corvex used the working capital of the Corvex Funds to purchase the 8,254,426 Shares reported herein and to acquire the call options referenced in Item 5. The total purchase price for the Shares reported as beneficially owned by the Corvex Persons was approximately $430,853,232.65 and the purchase price to acquire such call options was approximately $25,582,763.70.

The Shares purchased by Mr. Intrieri were purchased with the personal funds of Mr. Intrieri through an entity wholly owned by Mr. Intrieri (and may, at any given time, include margin loans made by brokerage firms in the ordinary course of business). The aggregate purchase price of the 10,500 Shares beneficially owned by Mr. Intrieri was approximately $495,205.

Corvex may effect purchases of securities through margin accounts maintained for the Corvex Funds with brokers, which extend margin credit as and when required to open or carry positions in their margin accounts, subject to applicable federal margin regulations, stock exchange rules and such firms’ credit policies. Positions in Shares may be held in margin accounts and may be pledged as collateral security for the repayment of debit balances in such accounts.


Item 4. Purpose of Transaction

On January 31, 2018, Corvex Master Fund, LP (“Corvex Master”), one of the Corvex Funds, delivered to the Issuer a letter notifying the Issuer of its intent to nominate four persons (the “Corvex Nominees”) for election to the Board at the Issuer’s 2018 annual meeting of shareholders. The Corvex Nominees are José Maria Alapont, Jonathan Cohen, Daniel Herz, and Vincent Intrieri. The biographies of the Corvex Nominees were included in a press release issued on January 31, 2018, which is attached as Exhibit 11 hereto and is incorporated herein by reference. All such Corvex Nominees have agreed to serve as directors if elected. Corvex has agreed to provide certain indemnification to the Corvex Nominees with respect to their service as Corvex Nominees.

IMPORTANT INFORMATION

In connection with their intended proxy solicitation, Corvex and/or certain of its affiliates intend to file a proxy statement with the SEC to solicit shareholders of the Issuer.

SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS RELATED TO THE SOLICITATION OF PROXIES BY CORVEX AND/OR ITS AFFILIATES FROM THE SHAREHOLDERS OF ENERGEN CORPORATION FOR USE AT ITS 2018 ANNUAL MEETING OF SHAREHOLDERS WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION, INCLUDING INFORMATION RELATING TO THE PARTICIPANTS IN SUCH PROXY SOLICITATION. WHEN COMPLETED, A DEFINITIVE PROXY STATEMENT AND A FORM OF PROXY WILL BE MAILED TO SHAREHOLDERS OF ENERGEN CORPORATION AND WILL ALSO BE AVAILABLE AT NO CHARGE AT THE SEC’S WEBSITE AT HTTP://WWW.SEC.GOV.

In accordance with Rule 14a-12(a)(1)(i) under the Securities Exchange Act of 1934, as amended, the following persons are anticipated to be, or may be deemed to be, participants in any such proxy solicitation: Corvex Management LP, Keith Meister, Corvex Master Fund, LP, Corvex Select Equity Master Fund LP, José Maria Alapont, Jonathan Z. Cohen, Daniel C. Herz and Vincent J. Intrieri. Certain of these persons hold or may be deemed to hold direct or indirect interests as of 4:00 p.m. New York City time on January 31, 2018 as follows: Corvex Management LP beneficially owns 9,710,474 shares of common stock of the Issuer; Keith Meister beneficially owns 9,710,474 shares of common stock of the Issuer; Corvex Master Fund, LP is the record holder of 1,000 shares of common stock of the Issuer and is the street name holder of 7,009,080 shares of common stock of the Issuer; Corvex Select Equity Master Fund LP is the street name holder of 1,244,346 shares of common stock of the Issuer and holder of over-the-counter market American-style call options referencing 1,456,048 shares of common stock of the Issuer; Vincent J. Intrieri beneficially owns 10,500 shares of common stock of the Issuer; each of the Corvex Nominees has an interest in being nominated and elected as a director of the Issuer but no Corvex Nominee other than Vincent J. Intrieri beneficially owns any shares of common stock of the Issuer.

The Covex Persons intend to review their investment in the Issuer on a continuing basis and may from time to time and at any time in the future depending on various factors, including, without limitation, the Issuer’s financial position and strategic direction, actions taken by the Board, price levels of the Shares, other investment opportunities available to the Covex Persons, conditions in the securities market and general economic and industry conditions, take such actions with respect to their investments in the Issuer as they deem appropriate, which may include further discussions with the Issuer regarding matters previously disclosed in this Schedule 13D, as well as seeking direct discussions with, and changes or additions to, the Board, including by virtue of increasing their share ownership back to a level that would permit the calling of a special meeting to expand the Board and filling newly created vacancies, or alternatively, at any level of share ownership, seeking to propose such action at an annual meeting of shareholders, in either case if it is ultimately determined by the Supreme Court of Alabama that a shareholder is permitted to take such action. These actions may include, without limitation: (i) acquiring additional Shares and/or other equity, debt, notes, other securities, or derivative or other instruments that are convertible into Shares, or are based upon or relate to the value of the Shares or the Issuer (collectively, “Securities”) in the open market or otherwise; (ii) disposing of any or all of their Securities in the open market or otherwise; (iii) engaging in any hedging or similar transactions with respect to the Securities; or (iv) proposing or considering one or more of the actions described in subsections (a) through (j) of Item 4 of Schedule 13D.


Mr. Intrieri intends to review his investment in the Issuer on a continuing basis and may from time to time and at any time in the future depending on various factors, including, without limitation, the Issuer’s financial position and strategic direction, actions taken by the Board, price levels of the Shares, other investment opportunities available to Mr. Intrieri, conditions in the securities market and general economic and industry conditions, take such actions with respect to his investment in the Issuer as he deems appropriate, which may include without limitation: (i) acquiring additional Securities in the open market or otherwise; (ii) disposing of any or all of his Securities in the open market or otherwise; (iii) engaging in any hedging or similar transactions with respect to the Securities; or (iv) proposing or considering one or more of the actions described in subsections (a) through (j) of Item 4 of Schedule 13D.

 

Item 5. Interest in Securities of the Issuer

(a)-(b) Corvex may be deemed to be the beneficial owner of 8,254,426 Shares and 1,456,048 Shares underlying the call options referenced below in this Item 5, which collectively represent approximately 9.9% of the Issuer’s outstanding Shares. By virtue of his position as control person of the general partner of Corvex, Mr. Meister may be considered to beneficially own such Shares. Corvex and Mr. Meister may be deemed to have sole power to vote and sole power to dispose of 9,710,474 Shares.

The percentage calculated in the immediately foregoing paragraph and below is calculated based on a total of 97,201,944 Shares outstanding as of October 31, 2017, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the SEC on November 8, 2017.

The call options referenced above are over-the-counter market American-style call options referencing an aggregate of 1,456,048 Shares, which have an exercise price of $40 per Share and expire on January 31, 2019.

In addition, Corvex sold over-the-counter market European-style put options referencing an aggregate of 1,456,048 Shares, which have an exercise price of $40 per Share and expire on January 31, 2019 or the date on which the corresponding American-style call option described above in this Item 5 is exercised.

Also, the American-style put options referencing an aggregate of 415,200 Shares with an exercise price of $40 per Share sold by Corvex expired by their terms on January 19, 2018.

Mr. Intrieri beneficially owns 10,500 Shares, representing less than 0.1% of the Issuer’s Shares. Mr. Intrieri may be deemed to have sole power to vote and sole power to dispose of 10,500 Shares.

The Corvex Persons and Mr. Intrieri have determined to file this Schedule 13D jointly to report that Mr. Intrieri has agreed to serve as one of the Corvex Nominees. There is no agreement between the Corvex Persons and Mr. Intrieri with respect to the voting, nor any restriction on the acquisition or disposition, of Shares of the Issuer held by such persons. The filing of this statement should not be construed to be an admission that the Corvex Persons, on the one hand, and Mr. Intrieri on the other hand, are members of a “group” for the purposes of Section 13(d)(3) of the Exchange Act.

(c) Except as set forth in this Schedule 13D, there have been no transactions in the Shares during the sixty days prior to the date hereof by any of the Reporting Persons.

(d) The limited partners of (or investors in) each of the private investment funds for which Corvex or its affiliates acts as general partner and/or investment adviser have the right to participate in the receipt of dividends from, or proceeds from the sale of, the Shares held for the accounts of their respective funds in accordance with their respective limited partnership interests (or investment percentages) in their respective funds.

(e) Not applicable.

 

Item 7. Material to be Filed as Exhibits

Exhibit 10 – Joint Filing Agreement

Exhibit 11 – Press Release


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date: January 31, 2018     CORVEX MANAGEMENT LP
    By:  

/s/ Keith Meister

      Keith Meister
      Managing Partner
Date: January 31, 2018     KEITH MEISTER
    By:  

/s/ Keith Meister

      Keith Meister
Date: January 31, 2018     VINCENT J. INTRIERI
    By  

/s/ Vincent J. Intrieri

      Vincent J. Intrieri
EX-99.10 2 d532541dex9910.htm EXHIBIT 10 Exhibit 10

EXHIBIT 10

AGREEMENT

JOINT FILING OF SCHEDULE 13D

The undersigned hereby agree to jointly prepare and file with regulatory authorities this Schedule 13D and any future amendments thereto reporting each of the undersigned’s beneficial ownership of securities of Energen Corporation, and hereby affirm that such Schedule 13D is being filed on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the other, except to the extent that he or it knows or has reason to believe that such information is inaccurate.

 

Date: January 31, 2018     CORVEX MANAGEMENT LP
    By:  

/s/ Keith Meister

      Keith Meister
      Managing Partner
Date: January 31, 2018     KEITH MEISTER
    By:  

/s/ Keith Meister

      Keith Meister
Date: January 31, 2018     VINCENT J. INTRIERI
    By  

/s/ Vincent J. Intrieri

      Vincent J. Intrieri
EX-99.11 3 d532541dex9911.htm EXHIBIT 11 Exhibit 11

Exhibit 11

Corvex Management Nominates Four Highly-Qualified Independent Candidates for Election

to the Board of Directors of Energen Corporation

New York – January 31, 2018 – Corvex Management LP (“Corvex”), the largest shareholder of Energen Corporation (NYSE: EGN) (“Energen” or the “Company”) with beneficial ownership of approximately 9.9% of the Company’s outstanding shares, today announced it has nominated four highly-qualified, independent candidates for election to Energen’s nine-member Board of Directors at the upcoming 2018 Annual Meeting of Shareholders.

The nominees each have significant experience driving shareholder value at multi-billion dollar energy and industrial companies and, if elected, would seek to create value for all shareholders. The nominees are:

 

    José Maria Alapont, former President and CEO of Federal-Mogul Corporation

 

    Jonathan Cohen, Founder of Atlas Energy and Atlas Pipeline Partners

 

    Daniel Herz, former Senior Vice President of Atlas Energy and Atlas Pipeline Partners

 

    Vincent Intrieri, former Senior Managing Director of Icahn Capital LP

Keith Meister, Corvex’s Managing Partner, stated “Energen has a world-class leasehold position in the core of the Permian Basin, but for years, has traded at what we believe is a material discount to its underlying value. Accordingly, today we are nominating four highly-qualified, independent director candidates who would bring fresh perspectives and relevant experience along with a simple mandate – to run the company in the best interests of all shareholders. We are confident that Energen’s shareholders will benefit from having these experienced executives on the Board.”

Biographies of Nominees:

José Maria Alapont

José Maria Alapont served as the President and Chief Executive Officer of Federal-Mogul Corporation (“Federal-Mogul”), a public automotive manufacturing company with approximately $7.5 billion in annual sales, from March 2005 through March 2012. Mr. Alapont was the Chairman of the Board of Directors of Federal-Mogul from 2005 to 2007 and continued to serve as a Director until 2013. Prior to joining Federal-Mogul, Mr. Alapont served as Chief Executive Officer of Fiat Iveco S.p.A.

Mr. Alapont currently serves on the Board of Navistar Inc. (NYSE: NAV), Manitowoc Company Inc. (NYSE: MTW), Ferroglobe PLC (NASDQ: GSM), and Ashok Leyland Ltd. (Natl India: AL). Previously, he has served on the Boards of Mentor Graphics Corp. and Fiat Iveco S.p.A.

Mr. Alapont earned degrees in Industrial Engineering from the Valencia Technical School and in Philology from the University of Valencia in Spain.

Jonathan Z. Cohen

Jonathan Z. Cohen is currently the Chief Executive Officer of Osprey Energy Acquisition Corporation (NASDQ: OSPR). Previously, Mr. Cohen was a founder of Atlas Energy, Inc. (“Atlas”), an exploration and production company that completed its initial public offering in 2004. Under Mr. Cohen’s leadership, Atlas helped pioneer the unconventional development of the Marcellus Shale formation, drilling more wells between 2005 and 2010 than any other company. In 2011, Atlas was acquired by Chevron for $4.3 billion dollars. Mr. Cohen was also a founder of Atlas Pipeline Partners, LP, a midstream energy company, that completed an initial public offering in 2000. Under Mr. Cohen’s leadership Atlas Pipeline Partners, LP grew significantly, culminating in the 2015 sale to Targa Resources Corp. for $7.7 billion.

Mr. Cohen is a trustee of the American School of Classical Studies in Athens, a trustee of the East Harlem School and a Director of Lincoln Center Theater. Jonathan received his Bachelor of Arts degree from the University of Pennsylvania in 1992. He also received a Juris Doctor from American University School of Law.

Daniel C. Herz

Daniel C. Herz is currently the President of Osprey Energy Acquisition Corporation (NASDQ: OSPR). Previously, Mr. Herz was the Senior Vice President of Corporate Development of Atlas Pipeline Partners GP, a US focused midstream energy company. Mr. Herz held that role from August of 2007 until Atlas’s $7.7 billion dollar sale to Targa Resources Corp. in February of 2015. Mr. Herz also served as Senior Vice President Corporate Development for Atlas Energy, Inc., a pioneer of unconventional shale development in Appalachia, from 2007 until 2011 at which time Atlas was sold to Chevron Corporation for $4.3 Billion.

Mr. Herz graduated with a BA in Economics from Indiana University in 1999.

Vincent J. Intrieri

Vincent J. Intrieri was employed by Carl C. Icahn related entities in various investment related capacities from 1998 to 2016, including as Senior Managing Director of Icahn Capital LP and as a Director of Icahn Enterprises (NYSE: IEP). Prior to joining the Icahn organization, Mr. Intrieri served as a portfolio manager at Elliott Associates from 1995 to 1998.

Mr. Intrieri is currently a director of Transocean, Ltd. (NYSE: RIG), Conduent Incorporated (NYSE: CNDT), Hertz Global Holdings, Inc. (NYSE: HTZ) and Navistar International Corporation (NYSE: NAV). Over the years, Mr. Intrieri has served as a director of several publicly traded energy companies, including: Chesapeake Energy Corporation, CVR Refining, LP, and National Energy Group, Inc. Additionally, Mr. Intrieri has served on numerous other boards including Forest Laboratories Inc. and Motorola Solutions, Inc.

Mr. Intrieri graduated, with Distinction, from the Pennsylvania State University with a B.S. in Accounting in 1984.

IMPORTANT INFORMATION

In connection with their intended proxy solicitation, Corvex and/or certain of its affiliates intend to file a proxy statement with the SEC to solicit shareholders of the Company.    

SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS RELATED TO THE SOLICITATION OF PROXIES BY CORVEX AND/OR ITS AFFILIATES FROM THE SHAREHOLDERS OF ENERGEN CORPORATION FOR USE AT ITS 2018 ANNUAL MEETING OF SHAREHOLDERS WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION, INCLUDING INFORMATION RELATING TO THE PARTICIPANTS IN SUCH PROXY SOLICITATION. WHEN COMPLETED, A DEFINITIVE PROXY STATEMENT AND A FORM OF PROXY WILL BE MAILED TO SHAREHOLDERS OF ENERGEN CORPORATION AND WILL ALSO BE AVAILABLE AT NO CHARGE AT THE SEC’S WEBSITE AT HTTP://WWW.SEC.GOV.

In accordance with Rule 14a-12(a)(1)(i) under the Securities Exchange Act of 1934, as amended, the following persons are anticipated to be, or may be deemed to be, participants in any such proxy solicitation: Corvex Management LP, Keith Meister, Corvex Master Fund, LP, Corvex Select Equity Master Fund LP, José Maria Alapont, Jonathan Z. Cohen, Daniel C. Herz and Vincent J. Intrieri. Certain of these persons hold or may be deemed to hold direct or indirect interests as of 4:00 p.m. New York City time on January 31, 2018 as follows: Corvex Management LP beneficially owns 9,710,474 shares of common stock of the Company; Keith Meister beneficially owns 9,710,474 shares of common stock of the Company; Corvex Master Fund, LP is the record holder of 1,000 shares of common stock of the Company and is the street name holder of 7,009,080 shares of common stock of the Company; Corvex Select Equity Master Fund LP is the street name holder of 1,244,346 shares of common stock of the Company and holder of over-the-counter market American-style call options referencing 1,456,048 shares of common stock of the Company; Vincent J. Intrieri beneficially owns 10,500 shares of common stock of the Company; each of the Corvex Nominees has an interest in being nominated and elected as a director of the Company but no Corvex Nominee other than Vincent J. Intrieri beneficially owns any shares of common stock of the Company.

Media Contacts:

Jonathan Gasthalter/Nathaniel Garnick

Gasthalter & Co.

(212) 257-4170