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1Q 2019 Earnings Presentation – EP Energy Corp

EP Energy Corp · May 9, 2019 · 11 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 2019 Earnings Presentation – EP Energy Corp – slide 1
    INVESTOR UPDATE EP ENERGY CORPORATION May 2019
  2. 1Q 2019 Earnings Presentation – EP Energy Corp – slide 2
    OUR MISSION The company focuses on enhancing the value of its high quality asset portfolio, increasing capital efficiency, maintaining financial flexibility, and pursuing accretive acquisitions and divestitures. EP Energy is working to…
  3. 1Q 2019 Earnings Presentation – EP Energy Corp – slide 3
    1Q19 RESULTS VS 1Q18 RESULTS 1Q19 1Q19 1Q18 1Q19 vs. Guidance Actual Actual 1Q18 Oil Production (MBbls/d) 38-39 39.4 45.4 - 13% Equivalent Production (MBoe/d) 72-73 73.2 80.1 - 9% Percent Oil (%) 53 54 57 - 5% Adjusted Oil and Gas…
  4. 1Q 2019 Earnings Presentation – EP Energy Corp – slide 4
    NEU HORIZONTALS UPDATE Completed two NEU horizontal wells with lateral length of 9,800 feet in the first quarter Gas Gathering capacity increased 3-4 MMcf per day at the end of the first quarter EP Energy Corporation We…
  5. 1Q 2019 Earnings Presentation – EP Energy Corp – slide 5
    NEU HORIZONTALS UPDATE CONTINUED EP Energy Corporation 6 Note: Grey area includes gross oil production history from all existing horizontal producing operated wells in the companys fourth quarter 2018 reserve report.
  6. 1Q 2019 Earnings Presentation – EP Energy Corp – slide 6
    EAGLE FORD REVENUE PER INVESTMENT Current design wells are driving outperformance of historical revenue per investment by 10% at 400 days on average RPI definition is: Realized per Boe x Cumulative NRI Boe WI CAPEX Historical…
  7. 1Q 2019 Earnings Presentation – EP Energy Corp – slide 7
    PERMIAN REVENUE PER INVESTMENT Current design wells are driving outperformance of historical revenue per investment by 17% at 400 days on average RPI definition is: Realized per Boe x Cumulative NRI Boe WI CAPEX Historical…
  8. 1Q 2019 Earnings Presentation – EP Energy Corp – slide 8
    CURRENT HEDGE POSITION Crude Oil (MBbls) 2019 2020 Fixed Price Volume /Bbl Volume /Bbl Swaps 0 0.00 0 0.00 Collars Ceiling 1,100 69.78 0 0.00 Collars Floor 1,100 57.50 0 0.00 Three-way Ceiling 9,075 66.01 11,712 65.11 Three-way…
  9. 1Q 2019 Earnings Presentation – EP Energy Corp – slide 9
    2019 SECOND QUARTER GUIDANCE VOLUMES 1Q19 Actuals 2Q19 Estimate Maintaining activity Oil Production (MBbls/d) 39 37-39 levels, rigs and frac Equivalent Production (MBoe/d) 73 70-73 OIL & GAS EXPENDITURES (MM)1 150 140-150 crews,…
  10. 1Q 2019 Earnings Presentation – EP Energy Corp – slide 10
    OIL PRODUCTION AND NET COMPLETION TREND 65 47 45 47 46 46 44 44 42 39 38 35 31 29 29 23 19 EP Energy Corporation 14 12 13 10 4Q'17 1Q'18 2Q'18 3Q'18 4Q'18 1Q'19 2Q'19* Net Wells Gross DUC Inventory Oil Production…
  11. 1Q 2019 Earnings Presentation – EP Energy Corp – slide 11
    INVESTOR UPDATE EP ENERGY CORPORATION May 2019

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