INVESTOR UPDATE EP ENERGY CORPORATION Improving Results 4Q17 Investor Update EP Energy Corporation March 1, 2018 1
OFF TO A GOOD START Improved financial flexibility with extended debt maturity profile closed 1Q18 Largest acquisition to date funded primarily with divestiture closed 1Q18 Initiated new drilling and completion concepts in Eagle Ford…
PRIOR A DIFFERENT FOCUS APPROACH Capital allocation by basin Project focused, basin agnostic Primarily divestiture focused Focused on accretive A&D Static approach to new ideas Approximately 10% of capital used for new…
2018 OUTLOOK VOLUMES 1Q18 FY18 Oil Production (MBbls/d) 43 44 46 - 50 Equivalent Production (MBoe/d) 77 79 81 - 87 OIL & GAS EXPENDITURES ( million)1,2 210 - 220 600 - 650 Eagle Ford 50% Permian 30% Altamont 20% AVERAGE GROSS…
2017 RESULTS 4Q 2017 2017 Adjusted EBITDAX (MM)1 181 691 Oil & Gas Expenditures (MM) 145 587 Adjusted Cash Operating Costs (/Boe)1 13.65 14.23 Total Production (MBoe/d) 80.6 82.3 EP Energy Corporation Oil Production (MBbls/d)…
EAGLE FORD OPERATIONS SUMMARY Highlights Oil Production (MBbls/d) Highly efficient capital program 26.4 23.9 22.2 Large contiguous acreage position 30 20.0 19.4 Recently expanded inventory 14 9 Benefit from improved LLS…
PERMIAN OPERATIONS SUMMARY Highlights Oil Production (MBbls/d) Multiple zone opportunities 12.6 12.0 11.4 11.1 9.9 32 Large contiguous acreage position 21 21 Well positioned for increased operational efficiencies 11 7…
ALTAMONT OPERATIONS SUMMARY Highlights Oil Production (MBbls/d) 12.6 12.5 Consistent oil program 12.1 11.9 12.2 Significant future drilling inventory High return recompletion program 8 9 Drilling joint venture enhances 4 5…
CURRENT HEDGE POSITION Crude Oil (MMBbls) 2018 2019 2018 Crude Oil Upside Price Exposure Hedge-Adjusted 2018 Crude Oil Revenue at Fixed Price /Bbl /Bbl Various WTI Prices Swaps 5.079 56.47 0.73 55.88 Costless Collar Ceiling 1.002…