Skip to main content June 2014 Investor Update – EP Energy Corp Investor Presentation | Shale Experts
Loading...
Pm

June 2014 Investor Update – EP Energy Corp

EP Energy Corp · Jun 30, 2014 · 25 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. June 2014 Investor Update – EP Energy Corp – slide 1
    Investor Update June 2014
  2. June 2014 Investor Update – EP Energy Corp – slide 2
    EP Energy Today Oil-focused growth EAGLE FORD SHALE WOLFCAMP SHALE company with four core Net Acres: 91,675 Net Acres: 1Q 2014 Net Daily Production (MBoe/d): 175,1731 11.9 1Q 2014 Net Daily Production (MBoe/d): 46.5 assets in…
  3. June 2014 Investor Update – EP Energy Corp – slide 3
    Proven Management Team Industry EP/EPE Name Position Yrs. Yrs. Experience Brent Smolik Chairman, President & CEO 29 7 Clay Carrell EVP & COO 25 6 Dane Whitehead EVP & CFO 29 7 Marguerite SVP, General Counsel 22 22 Energy Woung-Chapman…
  4. June 2014 Investor Update – EP Energy Corp – slide 4
    Performance Highlights Execution Growth Concentrated asset base with high Accelerating oil and equivalent degree of operating control production growth Record well completions Expect YOY oil volumes up 45% 66 wells in 1Q14 Expect…
  5. June 2014 Investor Update – EP Energy Corp – slide 5
    Significant Oil Production Growth MBbls/d Total Company1 49.1 30.8 Altamont 9.8 1Q 2013 1Q 2014 7.9 1Q 2013 1Q 2014 Eagle Ford 31.6 20.4 Wolfcamp 7.2 1Q 2013 1Q 2014 1.5 1Q 2013 1Q 2014 Operational enhancements &…
  6. June 2014 Investor Update – EP Energy Corp – slide 6
    High-Quality, Concentrated Asset Portfolio Eagle Ford Wolfcamp Altamont Haynesville A Leading Operator in Each Basin 7
  7. June 2014 Investor Update – EP Energy Corp – slide 7
    Eagle Ford: Franchise Program Continued growth and improvement in high-return assets Oil Production (MBbls/d) 31.6 Six rigs running 27.3 Improved run time and reducing unit 26.1 lifting cost 22.2 20.4 Record quarterly…
  8. June 2014 Investor Update – EP Energy Corp – slide 8
    Eagle Ford: Continuous Improvement EUR Progression (MBoe) Improved performance Multi-year EUR progression 663 719 Success drivers 586 500 Refining lateral placement Improving stimulation design and execution Resin-coated sand,…
  9. June 2014 Investor Update – EP Energy Corp – slide 9
    Wolfcamp: Rapidly Growing Oil Asset Quarterly Production 11.9 Significant production growth Volumes 2.3 Fourth rig added in late March 8.7 1.8 Record quarterly production in 1Q14 of 6.4 11.9 Boe/d (7.2 MBbls/d of oil) 1.5 9.6…
  10. June 2014 Investor Update – EP Energy Corp – slide 10
    Wolfcamp: Current Development Concept Expanding development across acreage position 2014 primarily combined B/C development Adding A wells 770' between wells in each zone Completing all wells on a pad prior to…
  11. June 2014 Investor Update – EP Energy Corp – slide 11
    Wolfcamp: Improving Results 23 Development plan focused on B/C Development Wells Cumulative Production (Mboe) combined B/C development 140 Current Type Curve Well Average (up to 29) Individual Wells Well results above type curve…
  12. June 2014 Investor Update – EP Energy Corp – slide 12
    Wolfcamp: Expanding Development 2013 Wells 2014 Wells WCB 61 A Bench 5 WCC 5 B Bench 45-50 Total = 66 C Bench 45-50 Total = 95-105 Recently 2013 2014 Acquired Wells Wells Acreage 2014 Wolfcamp A bench wells Region…
  13. June 2014 Investor Update – EP Energy Corp – slide 13
    Altamont: Consistent Growth Steady production growth from advantaged position in Uinta Basin Three rigs now running Record quarterly production in Q114 of 13.4 Boe/d (9.8 MBbls/d of oil) 3540 well completions (14E) 11 wells…
  14. June 2014 Investor Update – EP Energy Corp – slide 14
    Haynesville Premier Shale Gas Resource Haynesville: Premier Shale Gas Resource Peak Month 37,000 net acres in core of Gas (Mcf/d) De Soto Parish in NE EPE acreage 10,000+ Louisiana 7,500 to 9,999 5,000 to 7,499 Acreage 100% HBP…
  15. June 2014 Investor Update – EP Energy Corp – slide 15
    Financial Execution Strong financial performance from core assets Higher oil volumes improve unit margins and returns Solid hedge positions in 20142016 support cash flows Ample financial capacity Reaffirmed 2.5 billion borrowing…
  16. June 2014 Investor Update – EP Energy Corp – slide 16
    Efficient Capital 7 well 11 well Other 4 Other 3 completions completions Altamont Altamont 49 64 30 well completions 6 well Wolfcamp 35 well 20 well Wolfcamp Eagle Ford completions 104 Eagle Ford completions completions 132…
  17. June 2014 Investor Update – EP Energy Corp – slide 17
    Exciting 2014 Growth Outlook Programs well positioned for growth Continued production 45+ percent increase in oil volumes now growth1 19 percent increase in total equivalent production now2 1.73 billion drilling and completion…
  18. June 2014 Investor Update – EP Energy Corp – slide 18
    Investor Update June 2014
  19. June 2014 Investor Update – EP Energy Corp – slide 19
    Non-GAAP Disclosures Disclosure of Non-GAAP Financial Measures The Securities and Exchange Commissions Regulation G applies to any public disclosure or release of material information that includes a non-GAAP financial measure. In the…
  20. June 2014 Investor Update – EP Energy Corp – slide 20
    Raising 2014 Production Growth Original 2/10/14 Year/Year Updated 5/7/14 Year/Year Growth Rate Growth Rate Oil production (MBbls/d) 50 - 54 40% 52- 55 46% Total production (MBoe/d) 94.5 102.5 15% 93.5 99.51 19%2 Capital program (…
  21. June 2014 Investor Update – EP Energy Corp – slide 21
    Type Well Economics Eagle Ford Wolfcamp Altamont Haynesville Central North Long Short Vertical Horizontal Holly Non-Holly Lateral Length (ft) 5,600 5,600 7,500 4,500 N/A 3,960 4,500 4,500 Well Spacing 60 acres 60 acres 140 acres 90…
  22. June 2014 Investor Update – EP Energy Corp – slide 22
    Eagle Ford: High-quality Oil Production 47.0 46.0 45.0 Average API 44.0 Gravity1 43.0 42.0 No gravity adjustments for oil with gravity of 45 degrees or below 41.0 Month 80.0 Monthly Sales Volumes by Product 70.0 Oil…
  23. June 2014 Investor Update – EP Energy Corp – slide 23
    Recent Wolfcamp Acquisition: Successful Strategy in Action Immediate upgrade to asset portfolio Divesting non-core South Louisiana Wilcox and non-Haynesville Arklatex tight-gas assets for 150 million Acquired 37,000 acres in…
  24. June 2014 Investor Update – EP Energy Corp – slide 24
    Successful Wolfcamp Offset Activity 25 Sources: Texas Sources: Texas RRC, RRC,HIS, IHS,and EPEPEnergy Energy
  25. June 2014 Investor Update – EP Energy Corp – slide 25
    Solid Hedge Program 2014 2015 2016 Fixed Price Hedges1 Oil volumes (MMBbls) 14.6 21.0 11.8 Average floor price (/Bbl) 97.79 91.19 90.47 Percent hedged based on updated 2014 guidance 100% +100% 60% Natural Gas (TBtu) 57.3 58.4 7.3…

From the store

Browse maps, data & reports in the Shale Experts store