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3Q 2018 Investor Presentation – EP Energy Corp

EP Energy Corp · Nov 8, 2018 · 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. 3Q 2018 Investor Presentation – EP Energy Corp – slide 1
    INVESTOR UPDATE EP ENERGY CORPORATION November 2018
  2. 3Q 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. 3Q 2018 Investor Presentation – EP Energy Corp – slide 3
    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…
  4. 3Q 2018 Investor Presentation – EP Energy Corp – slide 4
    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%…
  5. 3Q 2018 Investor Presentation – EP Energy Corp – slide 5
    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…
  6. 3Q 2018 Investor Presentation – EP Energy Corp – slide 6
    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…
  7. 3Q 2018 Investor Presentation – EP Energy Corp – slide 7
    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 110,000 barrels of oil in first 78 days The 2H is still…
  8. 3Q 2018 Investor Presentation – EP Energy Corp – slide 8
    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…
  9. 3Q 2018 Investor Presentation – EP Energy Corp – slide 9
    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…
  10. 3Q 2018 Investor Presentation – EP Energy Corp – slide 10
    HORIZONTAL WELLS IMPROVING OIL PRODUCTIVITY IN 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…
  11. 3Q 2018 Investor Presentation – EP Energy Corp – slide 11
    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…
  12. 3Q 2018 Investor Presentation – EP Energy Corp – slide 12
    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 existing…
  13. 3Q 2018 Investor Presentation – EP Energy Corp – slide 13
    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 / WI CAPEX EP…
  14. 3Q 2018 Investor Presentation – EP Energy Corp – slide 14
    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 completion design Completed two more wells with…
  15. 3Q 2018 Investor Presentation – EP Energy Corp – slide 15
    PERMIAN APPLIED LEARNINGS DEMONSTRATE IMPROVED CAPITAL EFFICIENCY New completion design and artificial lift strategy driving outperformance of historical revenue per investment by 50% at 160 days RPI definition is: Realized per…
  16. 3Q 2018 Investor Presentation – EP Energy Corp – slide 16
    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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