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EP Energy Sets CapEx at $2.0 Billion; Talks Plans
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EP Energy Corporation has reported its financial and operational outlook for 2014.
2014 Highlights $2 billion capital program 20 percent increase in well completions from 2013, with only a 4 percent increase in capital from 2013 40 percent increase in oil production from 2013 50,000 to 54,000 barrels of oil per day Significant EBITDAX margin per unit expansionSubstantially all of 2014 estimated oil and natural gas production hedged at favorable prices
Brent Smolik, chairman, president and chief executive officer of EP Energy Corporation, said: "We start the year with an exciting future ahead as a new publicly-traded company, well positioned with a tremendous set of growth opportunities.
For 2014, we've meaningfully increased our planned activity levels, with only a modest increase in…
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