Energen to sell natural gas utility business to Laclede Group

April 7 Mon Apr 7, 2014 7:15am EDT

April 7 (Reuters) - Oil and gas company Energen Corp said it would sell its natural gas utility business Alabama Gas Corp to Laclede Group Inc for $1.28 billion in cash to focus on exploration and production.

The deal also includes about $320 million of debt, Energen said. (Reporting By Sneha Banerjee in Bangalore; Editing by Don Sebastian)

FILED UNDER:
A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article