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EP Enhances Completion Design in 4Q; Talks Results

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EP Enhances Completion Design in 4Q; Talks Results

EP Energy Corporation reported year end 2014 proved reserves and 2014 financial and operational results for the company. 

Key Highlights 2014 Full Year Results Record annual production of 97.7 thousand barrels of oil equivalent per day (MBoe/d), including 54.8 thousand barrels per day (MBbls/d) of oil — a 51 percent increase in oil production from 2013 Adjusted earnings before interest and debt expense, income taxes, depreciation, depletion and amortization and exploration expenses (Adjusted EBITDAX) of $1,547 million — a 36 percent increase from 2013 $0.86 adjusted earnings per share (Adjusted EPS)   $5.19 Discretionary Cash Flow Per Share 273 completed wells — in line with company estimates 2014 Drilling Inventory and Proved Reserves Added more than 500 future locations to drilling…
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