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Bank of America Merrill Lynch Energy Conference – EP Energy Corp

EP Energy Corp · Nov 15, 2018 · 15 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. Bank of America Merrill Lynch Energy Conference – EP Energy Corp – slide 1
    INVESTOR UPDATE EP ENERGY CORPORATION 2018 Bank of America Merrill Lynch Global Energy Conference
  2. Bank of America Merrill Lynch Energy Conference – EP Energy Corp – slide 2
    3Q18 CONTINUES TREND OF EXECUTING STRATEGY TO DE-LEVER AND CREATE SIGNIFICANT EQUITY VALUE Innovate - Execute new projects to unlock significant value Applied learnings and new designs have led to most productive well in companys…
  3. Bank of America Merrill Lynch Energy Conference – EP Energy Corp – slide 3
    3Q18 RESULTS CONTINUE IMPROVING METRICS 2017 2018 3Q18 vs. 3Q 3Q 3Q17 Oil Production (MBbls/d) 45.1 46.4 +3% Equivalent Production (MBoe/d) 81.0 80.4 -1% Percent Oil (%) 55.7 57.7 +4% Produced Volumes (Mboe/d)1 81.0 81.7 +1%…
  4. Bank of America Merrill Lynch Energy Conference – EP Energy Corp – slide 4
    STRATEGY DELIVERING RESULTS YEAR OVER YEAR Oil Production (MBbls/d) Adjusted EBITDAX (MM)2 220 50 45 170 40 35 120 3Q'17 4Q'17 1Q'18 2Q'18 3Q'18 3Q'17 4Q'17 1Q'18 2Q'18 3Q'18 Net Debt / Annualized Adjusted Adjusted Cash…
  5. Bank of America Merrill Lynch Energy Conference – EP Energy Corp – slide 5
    DEMONSTRATED FINANCIAL DISCIPLINE 1ST QUARTER OF FREE CASH FLOW 40 Quarterly Free Cash Flow1 +4.02 110 0 100 (40) 90 (80) 80 (120) 70 (160) 60 (USD) (MM) (200) 50 EP Energy Corporation (240) 40 (280) 30…
  6. Bank of America Merrill Lynch Energy Conference – EP Energy Corp – slide 6
    NEU HAS DELIVERED THE MOST PRODUCTIVE OIL WELL IN COMPANYS HISTORY ACROSS ALL BASINS Company record oil production from NEU horizontal well Duchesne City 2H has produced 118,000 barrels of oil in first 84 days The 2H is still…
  7. Bank of America Merrill Lynch Energy Conference – EP Energy Corp – slide 7
    INCREASING POTENTIAL: NEU HORIZONTAL ACTIVITY MAP Horizontal Wells EP Energy Newfield Crescent Point Energy Axia Energy II LGR Hz Potential Wasatch Hz Potential A LGR and Wasatch Hz Potential EP Energy Acreage 2H…
  8. Bank of America Merrill Lynch Energy Conference – EP Energy Corp – slide 8
    INCREASING POTENTIAL: NEU HORIZONTAL TARGETS A 7,000 A GARDEN GULCH 8,000 LGR DOUGLAS CREEK (Black/Yellow UGR BLACK SHALE 9,000 Wax) CASTLE PEAK UTELAND BUTTE WASATCH 5 10,000 Wasatch WASATCH 4 (Yellow Wax) MGR WASATCH 3…
  9. Bank of America Merrill Lynch Energy Conference – EP Energy Corp – slide 9
    HORIZONTAL WELLS IMPROVING OIL PRODUCTIVITY IN THE NEU Completed the first two horizontal wells in companys history in 3Q 2018 Will continue to apply new learnings and expect to drive D&C costs down further by +1MM EP Energy…
  10. Bank of America Merrill Lynch Energy Conference – EP Energy Corp – slide 10
    NEU OIL MARKETS HAVE OPPORTUNITIES FOR INCREASED CAPACITY Crude oil production sold at wellhead, transported by insulated truck to local Ogden Terminal Chevron refineries or rail terminals HollyFrontier Wax crude an attractive…
  11. Bank of America Merrill Lynch Energy Conference – EP Energy Corp – slide 11
    EAGLE FORD DEMONSTRATING IMPROVED OIL PRODUCTIVITY PER WELL Drilled the most productive Eagle Ford oil well in program history in 2018 EP Energy Corporation 13 Note: Grey area includes gross oil production history from all…
  12. Bank of America Merrill Lynch Energy Conference – EP Energy Corp – slide 12
    EAGLE FORD DEMONSTRATING IMPROVED CAPITAL EFFICIENCY 2018 design wells are 8% more capital efficient through 160 days and forecast to be 20% at EUR RPI definition is: Realized per Boe x Cumulative NRI Boe x WI CAPEX EP…
  13. Bank of America Merrill Lynch Energy Conference – EP Energy Corp – slide 13
    PERMIAN APPLIED LEARNINGS TO DRILL SECOND MOST PRODUCTIVE WELL SINCE PROGRAM INCEPTION The 0823DH is the second most productive well in program history and the first test of our new go-forward design Completed two more wells…
  14. Bank of America Merrill Lynch Energy Conference – EP Energy Corp – slide 14
    PERMIAN APPLIED LEARNINGS DEMONSTRATE IMPROVED CAPITAL EFFICIENCY New Frac Design and artificial lift strategy driving outperformance of historical revenue per investment by 50% at 160 days RPI definition is: Realized per Boe x…
  15. Bank of America Merrill Lynch Energy Conference – EP Energy Corp – slide 15
    2018 OUTLOOK MAINTAINED YTD Actuals 2018 guidance maintained (as of September FY18 Estimate 30,2018) VOLUMES 2019 guidance will be Oil Production (MBbls/d) Equivalent Production (MBoe/d) 46.4 81.0 45 47 79 82 released upon…

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