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EP Energy Enhances Eagle Ford, Wolfcamp Completions
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EP Energy Corporation reported first quarter 2015 financial and operational results for the company.
Highlights include: 60.0 thousand barrels of oil production per day (MBbls/d) — a 23 percent increase from 1Q'14 $366 million Adjusted EBITDAX — a 5 percent increase from 1Q'14 $0.13 adjusted earnings per share (Adjusted EPS) $1.17 Discretionary Cash Flow Per Share Lower capital and cash costs Increased well performance from enhanced completion designs, primarily from the Wolfcamp program Extended maturity of reserve-based loan (RBL) facility and reaffirmed borrowing base at $2.75 billion Substantial hedges protect cash flows from low commodity pricesBrent Smolik, chairman, president, and chief executive officer of EP Energy Corporation, commented: "We are off to a great start this year…
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