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EP Energy Plans 100-115 Completions in 2016
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EP Energy provided an update via its December 2015 investor presentation and has provided a glimpse into its 2016 development plans.
Shale Experts has looked at the data and projected on what the company has in store for 2016.
Budget ProjectionWe estimate that EP Energy will set a 2016 budget of ~$1.0 billion. This compares to 2015 spending of $1.2-1.25 billion.
Well ProjectionIn 2015, EP completed a total of 183 wells, the majority in the Eagle Ford.
For 2016, we esimate that the company will complete between 130-160 wells and once again be focused primarily on the Eagle Ford.
Projection OutlookWe estimated EP Energy's 2016 activities and spending due to the company's continued cost and drilling efficiencies across its assets.
Currently, EP has the best well cost in the Wolfcamp…
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