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Credit Suisse Group Energy Summit – EP Energy Corp

EP Energy Corp · Feb 9, 2011 · 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. Credit Suisse Group Energy Summit – EP Energy Corp – slide 1
    INTERSTATE PIPELINES EXPLORATION & PRODUCTION 2011 Credit Suisse Energy Summit Doug Foshee Chairman, President & Chief Executive Officer February 9, 2011
  2. Credit Suisse Group Energy Summit – EP Energy Corp – slide 2
    Defining Our Purpose El Paso Corporation provides natural gas and related energy products in a safe, efficient, and dependable manner 3
  3. Credit Suisse Group Energy Summit – EP Energy Corp – slide 3
    Vision & Values the place to work the neighbor to have the company to own 4
  4. Credit Suisse Group Energy Summit – EP Energy Corp – slide 4
    Overview of El Paso Corporation Tennessee Colorado Gas Pipeline Interstate Gas Wyoming Interstate Ruby Cheyenne Pipeline Plains Pipeline Elba Express Mojave Southern Pipeline Pipeline Natural Gas Elba Island LNG El Paso…
  5. Credit Suisse Group Energy Summit – EP Energy Corp – slide 5
    EP Stock Price Performance 160 Outperformance driven by execution 150 Pipeline, E&P, Financial 140 130 120 110 100 90 El Paso S&P 500 Peer Group Median Note: Chart shows indexed returns using a 10-day rolling average…
  6. Credit Suisse Group Energy Summit – EP Energy Corp – slide 6
    Expect Continued Outperformance by Delivering 2011 Major Milestones Complete original 8 billion backlog Pipelines Develop new opportunities Focused on four core programsthree are oil E&P Solid production growth, driven by oil…
  7. Credit Suisse Group Energy Summit – EP Energy Corp – slide 7
    Best-Positioned Pipeline Franchise Superior access to key new supply areas & top growth markets ROCKIES MARCELLUS GRANITE WASH HAYNESVILLE WOLF CAMP Top growth markets 20082018 EAGLE FORD 8
  8. Credit Suisse Group Energy Summit – EP Energy Corp – slide 8
    2010 Pipeline Accomplishments Five expansions in service On-time/100 MM under budget More Marcellus projects Pipeline integrity program achieves 92% milestone 9
  9. Credit Suisse Group Energy Summit – EP Energy Corp – slide 9
    Five Major Projects In Service in 2011 November TGP 300 Line June Ruby October Gulf LNG June SNG South System III* April 2011 completes original FGT Phase VIII 8 billion backlog *Phase two of three-phase project, includes…
  10. Credit Suisse Group Energy Summit – EP Energy Corp – slide 10
    Emerging Midstream Business KKR JV provides balance sheet-friendly platform Expanding Eagle Ford & Altamont E&P infrastructure Also attracting third-party volumes Pursuing two major projects MEPS Camino Real 11
  11. Credit Suisse Group Energy Summit – EP Energy Corp – slide 11
    2010 E&P Accomplishments Proved reserves up 22% 3.4 Tcfe at 12/31/10 Total RRC down 31% 1.40 per Mcfe Risked unproved resources rose 30% Most of growth from oil programs Production & unit cash costs both better than…
  12. Credit Suisse Group Energy Summit – EP Energy Corp – slide 12
    Rapid Inventory Growth Net Risked Resource (Tcfe) 2009 2010 8.0 0.2 34% Liquids 6:1 48% 6.0 2.2 0.6 3.7 4.2 2.0 0.7 82% Domestic 90% 0.8 4.3 1.8 1.5 2.5 0.5 1.1 0.9 0.6 0.9 1.3 46% Core Programs* 61% 2007 YE 2008 YE 2009 YE…
  13. Credit Suisse Group Energy Summit – EP Energy Corp – slide 13
    Increasing Oil-Related Activity Current Program Update 2011 Drilling Rig Profile 1520 Haynesville 58 wells producing Altamont (34) Net production up to 210 MMcf/d Eagle Ford 12 Eagle Ford Oil 3 rigs operating in oily area Will…
  14. Credit Suisse Group Energy Summit – EP Energy Corp – slide 14
    Key 2011 E&P Metrics 1.3 billion capital Flat with 2010, but more domestic; more drill bit capital Total production grows to 790840 MMcfe/d Up to 7% growth Oil production expected to rise 30%40% to 1718 MBbl/d Oil revenue…
  15. Credit Suisse Group Energy Summit – EP Energy Corp – slide 15
    Excellent Hedge Position Natural Gas Production Hedges Volume % of U.S. Gas EP Avg. Hedge Price1 Current Market Year (Bcf) Production (/MMBtu) Prices (NYMEX) 2011 178 75% 5.95 4.48 2012 105 45% 6.01 4.97 Oil Production Hedges…
  16. Credit Suisse Group Energy Summit – EP Energy Corp – slide 16
    2011 Financial Outlook 3.2B capital budget 25% lower than 2010 Improve balance sheet Continue to execute MLP strategy Progress toward investment-grade profile Successful risk management programs Positioning EP for growth &…
  17. Credit Suisse Group Energy Summit – EP Energy Corp – slide 17
    EP Gaining Momentum On a great path Will deliver more significant milestones in 2011: Complete original 8 billion pipeline backlog Achieve significant oil production growth Regain financial flexibility In 2012 we achieve many…
  18. Credit Suisse Group Energy Summit – EP Energy Corp – slide 18
    INTERSTATE PIPELINES EXPLORATION & PRODUCTION 2011 Credit Suisse Energy Summit Doug Foshee Chairman, President & Chief Executive Officer February 9, 2011
  19. Credit Suisse Group Energy Summit – EP Energy Corp – slide 19
    Appendix
  20. Credit Suisse Group Energy Summit – EP Energy Corp – slide 20
    Unproved Resources Unconventional: Unconventional resources primarily consist of the companys Haynesville, Eagle Ford, and Wolfcamp shale plays and coal bed methane operations in the Raton, Black Warrior and Arkoma Basins.…
  21. Credit Suisse Group Energy Summit – EP Energy Corp – slide 21
    Production Related Derivative Schedule 2011 2012 Notional Notional Average Average Natural Gas Volume Hedge Price Volume Hedge Price (TBtu) (TBtu) Economic - EPEP Fixed Price - Legacy 4.6 3.86 2.3 3.93 Fixed Price 147.8 6.00…

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