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EP Shrinks Production Across All Plays in 1Q; Tags 23 Completions
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EP Energy Corporation reported first quarter 2016 financial and operational results.
Key Points: Eagle Ford - completed 16 wells with oil production of 32.4 MBbls/d, a 15 percent decrease compared with the first quarter of 2015. One rig running. Delaware Basin - completed five wells in its Wolfcamp program and produced 7.0 MBbls/d of oil, down 26 percent from the same period in 2015. No rigs - completion focused Altamont - completed two wells in its Altamont program, and oil production was 11.4 MBbls/d, a 9 percent decrease compared with the same period in 2015. One rig running. First quarter 2016 results 50.8 thousand barrels of oil production per day (MBbls/d) - compared to 60.0 thousand barrels of oil production per day (MBbls/d) $278 million Adjusted EBITDAX $0.19 adjusted…- ✓ Full news archive — U.S., Canada & international coverage
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