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EP Energy Touts Success of Eagle Ford, Wolfcamp Projects
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EP Energy Corporation reported first quarter 2014 financial and operational results for the company.
Key first quarter 2014 highlights include: Record oil production of 49.1 thousand barrels per day (MBbls/d) — a 59 percent increase in oil production from 1Q'13 $357 million adjusted earnings before interest and debt expense, income taxes, depreciation, depletion and amortization, and exploration expense (Adjusted EBITDAX) — a 32 percent increase from 1Q'13; and a 58 percent increase from 1Q'13 before considering the impact of hedge settlements1 $0.18 adjusted earnings per share (Adjusted EPS) $1.20 discretionary cash flow per share Wolfcamp B/C development continues to outperform type curve Updated 2014 production outlook resulting from stronger than expected oil volume growth In April…- ✓ Full news archive — U.S., Canada & international coverage
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