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Howard Weil 39th Annual Energy Conference – EP Energy Corp

EP Energy Corp · Mar 28, 2011 · 20 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. Howard Weil 39th Annual Energy Conference – EP Energy Corp – slide 1
    Interstate Pipelines Exploration & Production Midstream www.elpaso.com NYSE: EP Howard Weil Energy Conference Doug Foshee Chairman, President & CEO March 28, 2011 D E P E N D A B L E N A T U R A L G A S
  2. Howard Weil 39th Annual Energy Conference – EP Energy Corp – slide 2
    El Paso Corporation provides natural gas and related energy products in a safe, efficient, and dependable manner 3
  3. Howard Weil 39th Annual Energy Conference – EP Energy Corp – slide 3
    the place to work the neighbor to have the company to own 4
  4. Howard Weil 39th Annual Energy Conference – EP Energy Corp – slide 4
    Howard Weil Howard Weil 2007 2011 Pipes 2 B backlog Completing 8 B backlog MLP Under study Top 10 MLP E&P Rebuilding Top tier Balance sheet Strained Investment-grade profile in sight Excellent investment credentials 5
  5. Howard Weil 39th Annual Energy Conference – EP Energy Corp – slide 5
    6
  6. Howard Weil 39th Annual Energy Conference – EP Energy Corp – slide 6
    Billions Proportionate Ratebase1 14.9 8.5 2007 YE 2011 YE2 Growth reflects superior market presence 7 1Includes the companys proportionate interest in Ruby, Gulf LNG and Florida Gas Transmission 2Estimated
  7. Howard Weil 39th Annual Energy Conference – EP Energy Corp – slide 7
    2007 2008 2009 2010 2011 Raton Kanda Lateral Bluewater Raton 2010 FGT Phase VIII ConneXion Cypress II Carthage Elba Express SNG South New England System III* High Plains Totem Storage Elba III Cypress I Ruby Kirk Comp. Concord WIC…
  8. Howard Weil 39th Annual Energy Conference – EP Energy Corp – slide 8
    November TGP 300 Line July Ruby October April Gulf LNG FGT Phase VIII June SNG South System III* Completing original 8 B backlog Projects to generate significant cash flow 9 *Phase two of three-phase project, includes…
  9. Howard Weil 39th Annual Energy Conference – EP Energy Corp – slide 9
    SC Significant value placed on: Birmingham Atlanta Connectivity/flexibility GA AL Storage Reliability ID WY SD EP benefits from a large NE portfolio Denver UT CO Most El Paso pipelines well positioned 10
  10. Howard Weil 39th Annual Energy Conference – EP Energy Corp – slide 10
    ( BILLIONS) ( MILLIONS) 390 (PER UNIT) 2.4 0.46 0.2875 148 0.7 2008 2010 2008 2010 1Q 2008 1Q 2011E One of fastest growing MLPs since Nov. 2007 IPO 11 IDR now in the 50% splits
  11. Howard Weil 39th Annual Energy Conference – EP Energy Corp – slide 11
    (/MCFE) (TCFE) 8.0 3.55 3.7 1.40 2007 2010 2007 2010 *Net risked resource (/MCFE) (YEARS) 12 1.88 1.78 10 2007 2010 2007 2010 12 Now a top-tier performer
  12. Howard Weil 39th Annual Energy Conference – EP Energy Corp – slide 12
    2007 Today Key Areas Core Programs GOM Eagle Ford S. Texas Haynesville Cotton Valley Altamont Raton CBM Wolfcamp Black Warrior CBM Current programs not on radar screen a few years ago Much greater visibility to future growth…
  13. Howard Weil 39th Annual Energy Conference – EP Energy Corp – slide 13
    ALTAMONT Expect oil programs to ramp up throughout the year WOLFCAMP HAYNESVILLE Oil Resources Gas Resources EAGLE FORD 14
  14. Howard Weil 39th Annual Energy Conference – EP Energy Corp – slide 14
    8.0 Tcfe 48% 630 MMBbl liquids 4.2 Tcf gas 52% 6:1 Gas Liquids Core programs drive future drilling 15
  15. Howard Weil 39th Annual Energy Conference – EP Energy Corp – slide 15
    MAVERICK ZAVALA FRIO ATASCOSA Now at 4 rigs (oil) Oily Area LA SALLE MC MULLEN 14 oil wells producing DIMMIT Gross production up to 4,700 Bbl & 8 MMcf/d Dry Gas Area Efficiency gains mirror MEXICO Haynesville success WEBB…
  16. Howard Weil 39th Annual Energy Conference – EP Energy Corp – slide 16
    SUMMIT Oil Natural Gas UINTAH 3 rigs running Altamont-Bluebell CO WASATCH Red Wash 800 future drilling locations Rangley UTAH UT Natural DUCHESNE Monument Butte Buttes Douglas 125 MMBOE PUD and Uinta Basin Peters…
  17. Howard Weil 39th Annual Energy Conference – EP Energy Corp – slide 17
    860 future drilling locations 155 MMBOE risked resource Wolfcamp potential Shale Above from Upper Wolfcamp NM only TX Midland More in Lower Wolfcamp and other formations Four wells drilledvarious stages of testing or completion…
  18. Howard Weil 39th Annual Energy Conference – EP Energy Corp – slide 18
    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 4.40 2012 105 45% 6.01 5.00 Oil Production Hedges Volume % of Total Oil EP…
  19. Howard Weil 39th Annual Energy Conference – EP Energy Corp – slide 19
    EP story has a lot of momentum Oil programs ramping up Volumes will show rapid growth Finishing pipeline backlog Projects will generate significant cash flow On track for 2012 goals Free cash flow Investment-grade profile 20
  20. Howard Weil 39th Annual Energy Conference – EP Energy Corp – slide 20

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