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EP Energy Lowers Eagle Ford, Wolfcamp Well Cost
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EP Energy Corporation has reported fourth quarter and year end 2013 financial and operational results for the company.
Key full year 2013 highlights include: Annual production of 86.1 thousand barrels of oil equivalent per day (Mboe/d), including 37.0 thousand barrels per day (MBbls/d) of oil — a 55 percent increase in oil production from 2012 Adjusted earnings before interest and debt expense, income taxes, depreciation, depletion and amortization, and exploration expenses (EBITDAX) of $1,173 million — a 45 percent increase before the impact of hedge settlements All programs performed at or above our type well expected returns 547.5 MMboe of total proved reserves — up 28 percent from 2012 Added approximately 1,700 wells to drilling inventory in Wolfcamp across the A and C horizons ~23…- ✓ Full news archive — U.S., Canada & international coverage
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