Skip to main content Q3 2016 Investor Update – EP Energy Corp Investor Presentation | Shale Experts
Loading...
Pm

Q3 2016 Investor Update – EP Energy Corp

EP Energy Corp · Oct 27, 2016 · 16 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. Q3 2016 Investor Update – EP Energy Corp – slide 1
    Investor Update October 27, 2016
  2. Q3 2016 Investor Update – EP Energy Corp – slide 2
    3Q16 Continuing to Add Value Production volumes beat expectations Operational Increased capital efficiency Success Increased activity in Wolfcamp program Generated free cash flow Financial Adjusted EBITDAX ahead of expectations…
  3. Q3 2016 Investor Update – EP Energy Corp – slide 3
    3Q16 Operations Summary (MM) Equivalent Natural Wolfcamp Completed Production Oil NGLs Gas 81 Program Wells (MBoe/d) (MBbls/d) (MBbls/d) (MMcf/d) Eagle Ford Eagle Ford 10 40.6 24.0 8.3 50 43 Altamont Wolfcamp 13 22.1 9.3 6.1 40…
  4. Q3 2016 Investor Update – EP Energy Corp – slide 4
    Stabilized Oil Production Volumes Resilient oil programs Oil Volumes (MBbls/d) 62.1 Benefit from improved 56.5 well performance and 50.8 45.1 45.0 base optimization 39.9 36.5 Growing volumes in 32.4 27.3 24.0 Wolfcamp and…
  5. Q3 2016 Investor Update – EP Energy Corp – slide 5
    Lower LOE Trend Continued LOE reduction Lease Operating Expense excluding Haynesville (MM) LOE down 16% from 3Q15 Operational scale provides 44 45 increased efficiencies and 41 lower costs in: 38 37 Water disposal Chemicals…
  6. Q3 2016 Investor Update – EP Energy Corp – slide 6
    Continued Well Cost Reduction million Eagle Ford 7.2 5.8 4.2 Eagle Ford 3Q completed wells 5% average FY'14 FY'15 2016E1 longer (vs. Type Well) lateral length Wolfcamp Altamont 6.2 5.2 5.3 4.6 4.1 4.1 1 1…
  7. Q3 2016 Investor Update – EP Energy Corp – slide 7
    Significant High Quality Future Drilling Inventory Drilling locations by break-even prices < 40 40 - 50 50 - 60 60 3,264 230 347 4,000+ locations economic below 40/Bbl 2,687 1,282 90 973 239 72 148 295 753 658…
  8. Q3 2016 Investor Update – EP Energy Corp – slide 8
    Asset Portfolio Delivers Results Wolfcamp One drilling rig and two completion crews currently running Total production grew 26% from 2Q16 and 5% from 3Q15 Oil production was up 37% from 2Q16 Increased capex and activity in 2H16…
  9. Q3 2016 Investor Update – EP Energy Corp – slide 9
    Wolfcamp: Rapidly Improving Program Oil Production Capital efficient production growth 9.5 (MBbls/d) 9.3 8.3 Higher returns 7.0 6.8 Improved well performance Increased oil percentage 3Q'16 3Q'15 4Q'15 1Q'16…
  10. Q3 2016 Investor Update – EP Energy Corp – slide 10
    Financial Results 11
  11. Q3 2016 Investor Update – EP Energy Corp – slide 11
    3Q16 Financial Summary 250MM Adjusted EBITDAX Generated 112MM positive free cash flow Adjusted cash operating costs down 14% from 3Q151 0.10 Adjusted EPS Continuing to build on solid results Note: See the Third Quarter 2016…
  12. Q3 2016 Investor Update – EP Energy Corp – slide 12
    Favorable Costs Trend Updated definition of Adjusted Cash Operating Costs Excluding Haynesville1 (MM) Adjusted Cash Operating Costs 123 19 107 Includes 15 transportation and 44 commodity 37 purchases 26 26 Down 13% from…
  13. Q3 2016 Investor Update – EP Energy Corp – slide 13
    Financial Improvements YTD debt reduction of more than 1B Improved liquidity of 0.8B at 09/30/16 Term loan amendment and maturity extension No significant debt maturities for nearly three years Expect to hold RBL facility…
  14. Q3 2016 Investor Update – EP Energy Corp – slide 14
    Reduced Debt Increased Free Cash Flow Net debt down 1B since 3Q15 260MM of free cash flow YTD Haynesville divestiture Improved cost structure Open market debt repurchases Lower interest expense Free cash flow Strong hedge value Net…
  15. Q3 2016 Investor Update – EP Energy Corp – slide 15
    Leading Hedge Program Hedge Summary 2016 2017 Oil volumes (MMBbls) 3.9 12.8 Average floor price (/Bbl) 80.77 62.34 Natural Gas volumes (TBtu) 6.4 23.7 Average floor price (/MMBtu) 3.34 3.25 2017: Oil: 75% estimated oil floored…
  16. Q3 2016 Investor Update – EP Energy Corp – slide 16
    Updated 2016 Outlook Previous Updated Guidance Guidance Oil production (MBbls/d) 45 47 46 47 Total production (MBoe/d) 83 86 85.5 87.5 Updated Adjusted Cash Operating Costs (per Boe) reflects new Capital program (MM) 475 505 495…

From the store

Browse maps, data & reports in the Shale Experts store