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2Q 2018 Investor Presentation – EP Energy Corp

EP Energy Corp · Aug 8, 2018 · 12 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.

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  1. 2Q 2018 Investor Presentation – EP Energy Corp – slide 1
    INVESTOR UPDATE EP ENERGY CORPORATION August 2018
  2. 2Q 2018 Investor Presentation – EP Energy Corp – slide 2
    OUR MISSION The EP Energy team is driven to deliver superior returns for our investors by developing the oil and natural gas that feeds Americas growing energy needs. The company focuses on enhancing the value of its high quality asset…
  3. 2Q 2018 Investor Presentation – EP Energy Corp – slide 3
    2Q18 UPDATES Swiftly executing operational improvements as well as new concepts In 2Q18, a 10% reduction in workforce was made to further streamline the companys management structure and optimize the size of the organization 1Q18…
  4. 2Q 2018 Investor Presentation – EP Energy Corp – slide 4
    IMPROVING METRICS 2017 2018 2Q18 vs. 3Q 4Q 1Q 2Q 3Q17 Oil Production (MBbls/d) 45.1 43.6 45.4 47.2 +5% Equivalent Production (MBoe/d) 81.0 80.6 80.1 82.5 +2% Percent Oil (%) 55.7 54.1 56.7 57.2 +3% LOE per Unit (/BOE) 5.66 5.60…
  5. 2Q 2018 Investor Presentation – EP Energy Corp – slide 5
    IMPROVING METRICS Lease Operating Expenses vs WTI 60 70 LOE (MM) WTI (/Bbl) 50 60 40 50 30 40 4Q'16 1Q'17 2Q'17 3Q'17 4Q'17 1Q'18 2Q'18 LOE WTI G&A Headcount vs WTI EP Energy Corporation 400 70 G&A…
  6. 2Q 2018 Investor Presentation – EP Energy Corp – slide 6
    REVERSING THE PRODUCTION TREND Oil Production vs WTI 50 80 49 70 48 60 47 Oil Production (MBbls/d) 50 46 WTI (/Bbl) 45 40 48.9 44 30 47.2 EP Energy Corporation 43 45.1 45.4 20 42 43.6 10 41 40 0…
  7. 2Q 2018 Investor Presentation – EP Energy Corp – slide 7
    UPDATED 2018 OUTLOOK VOLUMES 1H18 Actuals 2H18 Estimate FY18 Estimate Oil Production (MBbls/d) 46.3 45 47 45 47 Equivalent Production (MBoe/d) 81.3 79 82 79 82 OIL & GAS EXPENDITURES (MM) 411 220 260 630 670 Eagle Ford 257 65%…
  8. 2Q 2018 Investor Presentation – EP Energy Corp – slide 8
    2018 CAPITAL REALLOCATION Increasing 2018 completion count to 2018 Guidance Updated 2018 Guidance 139 from 130 gross wells 600MM 650MM1 630MM 670MM3 Doubles original completion pace in 2H 2018 for Eagle Ford with 16% longer laterals…
  9. 2Q 2018 Investor Presentation – EP Energy Corp – slide 9
    IMPROVING EFFICIENCY 1Q'18 Eagle Ford Well Performance vs Immediate Historical Offsets Increased Completion Design 70,000 Cumulative Net Boe/M Spent (Economic Boe/M)1,2 60,000 50,000 Cumulative Oil (Bbl) 40,000…
  10. 2Q 2018 Investor Presentation – EP Energy Corp – slide 10
    IMPROVING EFFICIENCY 1Q'18 Eagle Ford Efficiency vs Immediate Historical Offsets Decreased Completion Design 30,000 Cumulative Net BOE/M Spent (Economic Boe/M) 1,2 25,000 20,000 Cumulative Oil (Bbl) 15,000 EP…
  11. 2Q 2018 Investor Presentation – EP Energy Corp – slide 11
    CURRENT HEDGE POSITION1 Crude oil (MMbbls) 2018 Remaining 2019 Fixed Price million bbls /bbs million bbls /bbs Swaps 2,576 56.49 730 55.88 FY18 Pro Forma Crude Oil Revenue at Various 2019 Crude Oil Upside Price Exposure Costless…
  12. 2Q 2018 Investor Presentation – EP Energy Corp – slide 12
    DEBT MATURITY PROFILE The RBL amendment extended maturity of the facility 2.5 1,592 years to November 2021 In conjunction with the announcement of the RBL Facility A&E, EP Energy issued 1,000MM of 1.125L Senior Secured Notes to…

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