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February 2015 Investor Presentation – EP Energy Corp

EP Energy Corp · Feb 24, 2015 · 21 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. February 2015 Investor Presentation – EP Energy Corp – slide 1
    Investor Presentation February 2015
  2. February 2015 Investor Presentation – EP Energy Corp – slide 2
    EP Energy Oil-focused growth company with four core Net Acres: EAGLE FORD SHALE 82,000 Net Acres: WOLFCAMP SHALE 180,000 asset areas 2014 Net Daily Production (MBoe/d): Gross Drilling Locations: 50.9 872 2014 Net Daily…
  3. February 2015 Investor Presentation – EP Energy Corp – slide 3
    Delivered On 2014 Expectations 2014 Original Guidance 2014 Results Oil production growth 40% 51% Equivalent production growth 15% 20% Capital program 2.0 billion 2.0 billion Average drilling rigs 11 to 14 12 Wells completed 265…
  4. February 2015 Investor Presentation – EP Energy Corp – slide 4
    2014 Execution Sets Up 2015 Delivered on all 2014 goals 2015 outlook 51 percent growth in oil production 10 percent oil production growth 36 percent growth in Adjusted EBITDAX Continuing cost reductions improving program returns 18…
  5. February 2015 Investor Presentation – EP Energy Corp – slide 5
    Delivering Efficient Growth Focused execution in all areas delivers; Significant long-term oil volume growth Expanding unit cash margins Continued Adjusted EBITDAX growth MBbls/d Total Company Oil Production Altamont 54.8…
  6. February 2015 Investor Presentation – EP Energy Corp – slide 6
    And Cost Savings. Gross Well Cost Total Well Cost per Foot1 Rig Days Stimulation (MM) (/ft.) (Spud to Rig Release) (Stages per day) 8.3 569 7.4 8.8 Eagle Ford 7.2 6.8 498 489 14 6.5 6.9 12 10 441 9 4.7 2012 2013 2014…
  7. February 2015 Investor Presentation – EP Energy Corp – slide 7
    Managing Efficient Operations Average LOE (1Q13 3Q14) /Boe 7.99 8.03 7.86 7.52 7.60 6.02 6.15 5.73 5.19 5.23 3.80 Peer A EPE Peer B Peer C Peer D Peer E Peer F Peer G Peer H Peer I Peer J Note: Based on quarterly…
  8. February 2015 Investor Presentation – EP Energy Corp – slide 8
    Delivering Strong Cash Margins 50 Cash Margin per BOE (2015E at assumed 65/Bbl WTI) 45 40 35 30 /Boe 25 20 15 10 5 0 EGN GPOR MHR RRC AR COG ECA ECR RSPP APA TLM NFX WPX…
  9. February 2015 Investor Presentation – EP Energy Corp – slide 9
    Core Asset Overview Eagle Ford Wolfcamp Altamont Haynesville High-quality concentrated asset portfolio 10
  10. February 2015 Investor Presentation – EP Energy Corp – slide 10
    Oil & Gas Capital Allocation Wolfcamp Wolfcamp 33% 15% Altamont Eagle Ford 11% 53% Eagle Ford Haynesville 66% Altamont 8% 14% 2014: 2.0 billion1 2015E: 1.2 1.3 billion 2015 capital focused in most efficient areas of…
  11. February 2015 Investor Presentation – EP Energy Corp – slide 11
    Eagle Ford: Franchise Oil Program Oil Production 4Q Highlights (MBbls/d) 35.9 37.8 Highest-return program with significant growth 33.7 31.6 Five rigs and three stimulation crews 27.3 26.1 43 wells completed 22.2 18.5 20.4…
  12. February 2015 Investor Presentation – EP Energy Corp – slide 12
    Eagle Ford: 40-Acre Infill Pilot 40% Increase In Recoverable Reserves Per…
  13. February 2015 Investor Presentation – EP Energy Corp – slide 13
    Wolfcamp: Continued Performance Improvement 600 Wolfcamp B&C IP 30 Results (BOPD) 4Q Highlights Largest resource base rapidly improving 500 Four rigs and two stimulation crews Oil Production, BOPD 400 21 wells completed Type…
  14. February 2015 Investor Presentation – EP Energy Corp – slide 14
    Altamont: Steady Growth With Solid Returns Oil Production 4Q Highlights (MBbls/d) Step-change improvement in legacy asset 12.8 Three rigs and one stimulation crew 11.7 11.8 11 wells completed 9.5 9.8 8.1 8.3 8.9 Received…
  15. February 2015 Investor Presentation – EP Energy Corp – slide 15
    Haynesville: Resume Drilling in High Return Program Peak Month Gas (Mcf/d) EPE acreage Highlights 10,000+ 7,500 to 9,999 Premier acreage in core of the play 5,000 to 7,499 0 to 4,999 Strategic location near Gulf Coast and…
  16. February 2015 Investor Presentation – EP Energy Corp – slide 16
    Type Well Economics Eagle Ford Wolfcamp Altamont Haynesville Long Short Vertical Holly Non Holly 5 Year Inventory (2015- 2019) Pre-Tax IRR1 52% 25% 37% 46% 2 Breakeven Pricing (/BBl or /Mcf) : At 20% Deflation 40.00 47.00 38.98…
  17. February 2015 Investor Presentation – EP Energy Corp – slide 17
    Solid Hedge Program Provides Multi-Year Price Protection 2015 2016 Oil Fixed Price Hedges Fixed Price Swap Oil volumes (MMBbls)1 21.0 15.1 Oil and Gas Pricing Sensitivity: Average floor price (/Bbl) 91.19 85.41 Percent hedged…
  18. February 2015 Investor Presentation – EP Energy Corp – slide 18
    Debt Summary Note 12/31/14 Interest Maturity Rating ( in millions) Rate Moodys / S&P Net debt of 4.6 billion1 2.75B RBL 852 Libor + May 2017 1.8 billion of liquidity 750M Term Loan 496 Libor + May 2018 B+ / Ba3 Ba3 / BB…
  19. February 2015 Investor Presentation – EP Energy Corp – slide 19
    2015 Outlook Year/Year Change From 2014 Oil production (MBbls/d) 56 64 Up 10%1 Total production (MBoe/d) 94.5 109.5 Up 4%1 Capital program ( billion) 1.2 1.3 Down 40% Average drilling rigs Eagle Ford 34 Wolfcamp 1 Altamont 1…
  20. February 2015 Investor Presentation – EP Energy Corp – slide 20
    2014 Execution Sets Up 2015 Delivered on all 2014 goals Operational outperformance Continued financial and capex funding flexibility Well-positioned entering 2015 Expect to be free cash flow neutral in 2015 with 1.2 to 1.3…
  21. February 2015 Investor Presentation – EP Energy Corp – slide 21
    Investor Presentation February 2015

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