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1Q 2018 Earnings Presentation – EP Energy Corp

EP Energy Corp · May 9, 2018 · 9 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. 1Q 2018 Earnings Presentation – EP Energy Corp – slide 1
    INVESTOR UPDATE EP ENERGY CORPORATION The New EPE May 2018
  2. 1Q 2018 Earnings Presentation – EP Energy Corp – slide 2
    OPPORTUNITY, OPPORTUNITY, OPPORTUNITY High quality assets under new management Management incentives aligned with equity shareholders Swiftly executing operational improvements as well as new concepts Executing accretive A&D…
  3. 1Q 2018 Earnings Presentation – EP Energy Corp – slide 3
    SIGNIFICANT IMPROVEMENT 3Q 2017 1Q 2018 % Change Oil Production (MBbls/d) 45.1 45.4 1% Lease Operating Expense (MM) 42 39 -7% Adjusted G&A (MM)1 20 17 -15% Adjusted Cash Operating Costs (MM)1 110 101 -8% EP Energy Corporation…
  4. 1Q 2018 Earnings Presentation – EP Energy Corp – slide 4
    SOLID GUIDANCE BEAT WITH GROWTH INTO 2Q 1Q 2018 Delta to 2Q 2018 Guidance 1Q 2018 mid-pt. Guidance VOLUMES Oil Production (MBbls/d) 43 44 45.4 +4% 47 49 Equivalent Production (MBoe/d) 77 79 80.1 +3% 80 82 EP Energy Corporation…
  5. 1Q 2018 Earnings Presentation – EP Energy Corp – slide 5
    OPERATIONAL EXECUTION 1st Huff & Puff pilot in the Eagle Ford is operational 1st Horizontal Altamont wells currently drilling Electric Frac fleet operational in EP Energy Corporation Permian reduces /stage and improves pump…
  6. 1Q 2018 Earnings Presentation – EP Energy Corp – slide 6
    PRODUCING MORE WITH LESS Streamlined organizational structure Significant reduction in G&A Flatter organization Engineers are one step from the CEO Reduced unnecessary process to add productivity Example: The company has a smaller…
  7. 1Q 2018 Earnings Presentation – EP Energy Corp – slide 7
    AMENDED DRILLING JV KEY TERMS Eagle Ford well program with initial 34 well tranche First wells drilled in 2Q18 Expect to be completed in 2019 Well bore interest only Investor Benefit: Option on additional tranche of wells with total…
  8. 1Q 2018 Earnings Presentation – EP Energy Corp – slide 8
    ADVANTAGED PERMIAN MARKETING Permian Basin Pipeline Infrastructure 100% of Midland/Cushing basis exposure hedged in 2018 at (1.02/Bbl) Over 90% of oil production tied to third-party pipeline gathering system with multiple…
  9. 1Q 2018 Earnings Presentation – EP Energy Corp – slide 9
    INVESTOR UPDATE EP ENERGY CORPORATION The New EPE May 2018

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