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EP to Up Wolfcamp Activity; Tags Eagle Ford, Altamont Efficiency Gains
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EP Energy Corporation reported second quarter 2015 financial and operational results for the company.
Key second quarter 2015 highlights include: 63.4 thousand barrels of oil production per day (MBbls/d) — a 19 percent increase from 2Q'14 $404 million Adjusted EBITDAX — a 9 percent increase from 2Q'14 $0.17 adjusted earnings per share (Adjusted EPS) $1.36 Discretionary Cash Flow Per Share Improved well performance in all programs Continued reduction in well costs and operating costs Strong liquidity of $1.6 billion at 6/30/15 Substantial multi-year hedges protect cash flows from low commodity prices Announced agreement for Eagle Ford bolt-on acquisition in JulyBrent Smolik, chairman, president, and chief executive officer of EP Energy Corporation, said: "We executed well in the quarter…
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