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EP Energy Shrinks Budget for 2015; Four Play Focus
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EP Energy Corporation announced its 2015 capital budget, estimates for production volume growth and an update on its multi-year commodity hedges.
2015 Outlook Key Highlights: Targeting $1.2 to $1.3 billion oil and gas expenditures – a more than 40 percent reduction from 2014 Expect to be cash flow neutral, with capital expenditures in line with estimated operating cash flow including hedge settlements Substantially all of 2015 estimated oil and natural gas production volumes hedged at an average price of $91.19 per barrel of oil and $4.26 per MMBtu of natural gas 94.5 to 109.5 thousand barrels of oil equivalent per day (MBoe/d) total production – up 4 percent at the mid-point from 2014 56,000 to 64,000 barrels of oil per day – mid-point is 10 percent higher than 2014 160 - 190 well…- ✓ Full news archive — U.S., Canada & international coverage
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Gulf Coast - South Texas News
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Permian News
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Silver Hill Expands South Texas Footprint with Acquisition of 1776 Energy Assets
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