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EP Energy Tweaks Haynesville Completion; Wolfcamp Update
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EP Energy reported Q3 2015 Update.
Key third quarter 2015 highlights include:
62.1 thousand barrels of oil production per day (MBbls/d) — up 9 percent from 3Q'14 $446 million Adjusted EBITDAX — up 6 percent from 3Q'14 Wolfcamp completions drive a 30 percent increase in type curve Enhanced Haynesville drilling and completion designs improved performance Successfully closed Eagle Ford acquisition Maintained significant liquidity of $1.6 billion at 9/30/15 Wolfcamp ProgramIn the third quarter of 2015, the company completed 16 wells in its Wolfcamp program and produced 9.5 MBbls/d of oil, up 1 percent from the same period in 2014 despite completing nearly 40 percent fewer wells in the current quarter compared with the same 2014 period. Results were driven by improved drilling and…
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