Wolfcamp Acquisition & Non-Core Asset Divestiture – EP Energy Corp

EP Energy Corp · May 1, 2014 · 8 slides

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Slides

Portfolio Upgrade Wolfcamp Acquisition & Non-core Asset Divestiture May 1, 2014
Strategy in Action Immediate upgrade to asset portfolio Divesting non-core South Louisiana Wilcox and non-Haynesville Arklatex tight-gas assets for 150 million Acquiring 37,000 acres in Southern Midland Basin immediately offsetting…
Growing Core Asset Base Large contiguous acreage blocks directly off-set existing operations Strategic bolt-on Privately negotiated transaction with single acquisition seller Acreage equivalent in quality to existing position…
EP Energy Today WOLFCAMP 1 EAGLE EAGLEFORD FORDSHALE SHALE WOLFCAMPSHALE SHALE Oil-focused growth Net Acres: 4Q 2013 Net Daily Production (MBoe/d): 91,675 40.3 Net Acres: 4Q 2013 Net Daily Production (MBoe/d): 175,173 10.0…
Successful Wolfcamp Offset Activity 6 Sources: Texas Sources: Texas RRC, RRC,HIS, IHS,and EPEPEnergy Energy
Improved Results in Wolfcamp B/C Development Wells Cumulative Production (Mboe) 140 Results continue to improve as program Current Type Curve Well Average (up to 29) Individual Wells grows Average initial 30-day production rates:…
Execution and Growth Meaningful upgrade to portfolio Enhanced inventory and added drilling locations to core oil program Increasingly focused portfolio with growing scale Accretive to cash flow and net asset value EPE acreage well…
Portfolio Upgrade Wolfcamp Acquisition & Non-core Asset Divestiture May 1, 2014